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Accumulated Other Comprehensive Loss (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
The following table presents the after-tax changes in the balances of each component of accumulated other comprehensive loss for the three and nine months ended September 30, 2016. 

 
Components of Accumulated Other Comprehensive Loss
 
Total
Accumulated
Other
Comprehensive
Loss
 
Unrealized Gains
and Losses on
Available for Sale
(AFS) Securities
 
Non-credit
Impairment
Losses on
AFS Securities
 
Unrealized Gains
and (Losses) on
Derivatives
 
Defined
Benefit
Pension Plan
 
 
(in thousands)
Balance at June 30, 2016
$
2,144

 
$
(564
)
 
$
(22,470
)
 
$
(22,109
)
 
$
(42,999
)
Other comprehensive income (loss) before reclassifications
4,902

 
(74
)
 
1,735

 
—

 
6,563

Amounts reclassified from other comprehensive income (loss)
6

 
(50
)
 
2,095

 
42

 
2,093

Other comprehensive income (loss), net
4,908

 
(124
)
 
3,830

 
42

 
8,656

Balance at September 30, 2016
$
7,052

 
$
(688
)
 
$
(18,640
)
 
$
(22,067
)
 
$
(34,343
)

 
Components of Accumulated Other Comprehensive Loss
 
Total
Accumulated
Other
Comprehensive
Loss
 
Unrealized Gains
and Losses on
Available for Sale
(AFS) Securities
 
Non-credit
Impairment
Losses on
AFS Securities
 
Unrealized Gains
and (Losses) on
Derivatives
 
Defined
Benefit
Pension Plan
 
 
(in thousands)
Balance at December 31, 2015
$
(5,336
)
 
$
(520
)
 
$
(17,644
)
 
$
(22,195
)
 
$
(45,695
)
Other comprehensive income (loss) before reclassifications
12,550

 
168

 
(6,939
)
 
—

 
5,779

Amounts reclassified from other comprehensive income (loss)
(162
)
 
(336
)
 
5,943

 
128

 
5,573

Other comprehensive income (loss), net
12,388

 
(168
)
 
(996
)
 
128

 
11,352

Balance at September 30, 2016
$
7,052

 
$
(688
)
 
$
(18,640
)
 
$
(22,067
)
 
$
(34,343
)
Reclassification out of Accumulated Other Comprehensive Income
The following table presents amounts reclassified from each component of accumulated other comprehensive loss on a gross and net of tax basis for the three and nine months ended September 30, 2016 and 2015. 
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
Components of Accumulated Other Comprehensive Loss
 
2016
 
2015
 
2016
 
2015
 
Income Statement
Line Item
 
 
(in thousands)
 
 
Unrealized gains (losses) on AFS securities before tax
 
$
(10
)
 
$
157

 
$
258

 
$
2,481

 
(Losses) gains on securities transactions, net
Tax effect
 
4

 
(66
)
 
(96
)
 
(1,036
)
 
 
Total net of tax
 
(6
)
 
91

 
162

 
1,445

 
 
Non-credit impairment losses on AFS securities before tax:
 
 
 
 
 
 
 
 
 
 
Accretion of credit loss impairment due to an increase in expected cash flows
 
87

 
458

 
576

 
636

 
Interest and dividends on  investment securities (taxable)
Tax effect
 
(37
)
 
(191
)
 
(240
)
 
(265
)
 
 
Total net of tax
 
50

 
267

 
336

 
371

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(3,578
)
 
(1,323
)
 
(10,146
)
 
(4,651
)
 
Interest expense
Tax effect
 
1,483

 
551

 
4,203

 
1,937

 
 
Total net of tax
 
(2,095
)
 
(772
)
 
(5,943
)
 
(2,714
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
 
Amortization of net loss
 
(71
)
 
(205
)
 
(215
)
 
(616
)
 
*
Tax effect
 
29

 
86

 
87

 
257

 
 
Total net of tax
 
(42
)
 
(119
)
 
(128
)
 
(359
)
 
 
Total reclassifications, net of tax
 
$
(2,093
)
 
$
(533
)
 
$
(5,573
)
 
$
(1,257
)
 
 
 
*
Amortization of net loss is included in the computation of net periodic pension cost.