Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Accumulated Other Comprehensive Loss

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 months ended March 31, 2017.

	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, 2016	$	(10,094	)	$	(642	)	$	(12,464	)	$	(18,893	)	$	(42,093	)
Other comprehensive income before reclassifications	1,307			113			127			—			1,547
Amounts reclassified from other comprehensive income	13			(87		)	1,475			59			1,460
Other comprehensive income, net	1,320			26			1,602			59			3,007
Balance at March 31, 2017	$	(8,774	)	$	(616	)	$	(10,862	)	$	(18,834	)	$	(39,086	)

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 months ended March 31, 2017 and 2016. 

	Amounts Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended March 31,
Components of Accumulated Other Comprehensive Loss	2017			2016			Income Statement Line Item
	(in thousands)
Unrealized (losses) gains on AFS securities before tax	$	(23	)	$	271		(Losses) gains on securities transactions, net
Tax effect	10			(101		)
Total net of tax	(13		)	170
Non-credit impairment losses on AFS securities before tax:
Accretion of credit loss impairment due to an increase in expected cash flows	149			489			Interest and dividends on investment securities (taxable)
Tax effect	(62		)	(203		)
Total net of tax	87			286
Unrealized losses on derivatives (cash flow hedges) before tax	(2,518		)	(2,971		)	Interest expense
Tax effect	1,043			1,230
Total net of tax	(1,475		)	(1,741		)
Defined benefit pension plan:
Amortization of net loss	(101		)	(72		)	*
Tax effect	42			29
Total net of tax	(59		)	(43		)
Total reclassifications, net of tax	$	(1,460	)	$	(1,328	)

* Amortization of net loss is included in the computation of net periodic pension cost.