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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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 March 31, 2017
$
(8,774
)
 
$
(616
)
 
$
(10,862
)
 
$
(18,834
)
 
$
(39,086
)
Other comprehensive income before reclassifications
1,896

 
21

 
(873
)
 
—

 
1,044

Amounts reclassified from other comprehensive income
(13
)
 
(39
)
 
1,356

 
59

 
1,363

Other comprehensive income, net
1,883

 
(18
)
 
483

 
59

 
2,407

Balance at June 30, 2017
$
(6,891
)
 
$
(634
)
 
$
(10,379
)
 
$
(18,775
)
 
$
(36,679
)


 
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
3,203

 
134

 
(746
)
 
—

 
2,591

Amounts reclassified from other comprehensive income
—

 
(126
)
 
2,831

 
118

 
2,823

Other comprehensive income, net
3,203

 
8

 
2,085

 
118

 
5,414

Balance at June 30, 2017
$
(6,891
)
 
$
(634
)
 
$
(10,379
)
 
$
(18,775
)
 
$
(36,679
)


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 six months ended June 30, 2017 and 2016. 
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
Components of Accumulated Other Comprehensive Loss
 
2017
 
2016
 
2017
 
2016
 
Income Statement Line Item
 
 
(in thousands)
 
 
Unrealized gains (losses) on AFS securities before tax
 
22

 
$
(3
)
 
(1
)
 
268

 
Gains (losses) on securities transactions, net
Tax effect
 
(9
)
 
1

 
1

 
(100
)
 
 
Total net of tax
 
13

 
(2
)
 
—

 
168

 
 
Non-credit impairment losses on AFS securities before tax:
 
 
 
 
 
 
 
 
 
 
Accretion of credit loss impairment due to an increase in expected cash flows
 
67

 
—

 
215

 
489

 
Interest and dividends on investment securities (taxable)
Tax effect
 
(28
)
 
—

 
(89
)
 
(203
)
 
 
Total net of tax
 
39

 
—

 
126

 
286

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(2,314
)
 
(3,597
)
 
(4,832
)
 
(6,568
)
 
Interest expense
Tax effect
 
958

 
1,490

 
2,001

 
2,720

 
 
Total net of tax
 
(1,356
)
 
(2,107
)
 
(2,831
)
 
(3,848
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
 
Amortization of net loss
 
(101
)
 
(72
)
 
(202
)
 
(144
)
 
*
Tax effect
 
42

 
29

 
84

 
58

 
 
Total net of tax
 
(59
)
 
(43
)
 
(118
)
 
(86
)
 
 
Total reclassifications, net of tax
 
$
(1,363
)
 
$
(2,152
)
 
$
(2,823
)
 
$
(3,480
)
 
 
 
*
Amortization of net loss is included in the computation of net periodic pension cost.