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Accumulated Other Comprehensive Loss (Tables)
 9 Months Ended
Sep. 30, 2017
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, 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 June 30, 2017
$
(6,891
)
 
$
(634
)
 
$
(10,379
)
 
$
(18,775
)
 
$
(36,679
)
Other comprehensive income before reclassifications
1,457

 
(223
)
 
198

 
—

 
1,432

Amounts reclassified from other comprehensive income
(4
)
 
(40
)
 
1,132

 
59

 
1,147

Other comprehensive income, net
1,453

 
(263
)
 
1,330

 
59

 
2,579

Balance at September 30, 2017
$
(5,438
)
 
$
(897
)
 
$
(9,049
)
 
$
(18,716
)
 
$
(34,100
)


 
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
4,660

 
(89
)
 
(548
)
 
—

 
4,023

Amounts reclassified from other comprehensive income
(4
)
 
(166
)
 
3,963

 
177

 
3,970

Other comprehensive income, net
4,656

 
(255
)
 
3,415

 
177

 
7,993

Balance at September 30, 2017
$
(5,438
)
 
$
(897
)
 
$
(9,049
)
 
$
(18,716
)
 
$
(34,100
)
Reclassification out of Accumulated Other Comprehensive Loss
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, 2017 and 2016. 
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 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
 
6

 
$
(10
)
 
5

 
258

 
Gains (losses) on securities transactions, net
Tax effect
 
(2
)
 
4

 
(1
)
 
(96
)
 
 
Total net of tax
 
4

 
(6
)
 
4

 
162

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

 
87

 
283

 
576

 
Interest and dividends on investment securities (taxable)
Tax effect
 
(27
)
 
(37
)
 
(117
)
 
(240
)
 
 
Total net of tax
 
40

 
50

 
166

 
336

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(1,930
)
 
(3,578
)
 
(6,762
)
 
(10,146
)
 
Interest expense
Tax effect
 
798

 
1,483

 
2,799

 
4,203

 
 
Total net of tax
 
(1,132
)
 
(2,095
)
 
(3,963
)
 
(5,943
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
 
Amortization of net loss
 
(101
)
 
(71
)
 
(303
)
 
(215
)
 
*
Tax effect
 
42

 
29

 
126

 
87

 
 
Total net of tax
 
(59
)
 
(42
)
 
(177
)
 
(128
)
 
 
Total reclassifications, net of tax
 
$
(1,147
)
 
$
(2,093
)
 
$
(3,970
)
 
$
(5,573
)
 
 
 

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