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Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2018
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, 2018. 
 
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, 2017
$
(12,004
)
 
$
(380
)
 
$
(8,338
)
 
$
(25,283
)
 
$
(46,005
)
Reclassification due to the adoption of ASU No. 2016-01
(480
)
 
—

 
—

 
—

 
(480
)
Reclassification due to the adoption of ASU No. 2017-12
—

 
—

 
(61
)
 
—

 
(61
)
Balance at January 1, 2018
(12,484
)
 
(380
)
 
(8,399
)
 
(25,283
)
 
(46,546
)
Other comprehensive (loss) income before reclassifications
(20,929
)
 
(268
)
 
1,960

 
—

 
(19,237
)
Amounts reclassified from other comprehensive (loss) income
548

 
(16
)
 
1,036

 
112

 
1,680

Other comprehensive (loss) income, net
(20,381
)
 
(284
)
 
2,996

 
112

 
(17,557
)
Balance at March 31, 2018
$
(32,865
)
 
$
(664
)
 
$
(5,403
)
 
$
(25,171
)
 
$
(64,103
)


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, 2018 and 2017. 
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
March 31,
 
 
Components of Accumulated Other Comprehensive Loss
 
2018
 
2017
 
Income Statement Line Item
 
 
(in thousands)
 
 
Unrealized losses on AFS securities before tax
 
(765
)
 
$
(23
)
 
Losses on securities transactions, net
Tax effect
 
217

 
10

 
 
Total net of tax
 
(548
)
 
(13
)
 
 
Non-credit impairment losses on AFS securities before tax:
 
 
 
 
 
 
Accretion of credit loss impairment due to an increase in expected cash flows
 
22

 
149

 
Interest and dividends on investment securities (taxable)
Tax effect
 
(6
)
 
(62
)
 
 
Total net of tax
 
16

 
87

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(1,451
)
 
(2,518
)
 
Interest expense
Tax effect
 
415

 
1,043

 
 
Total net of tax
 
(1,036
)
 
(1,475
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
Amortization of net loss
 
(157
)
 
(101
)
 
*
Tax effect
 
45

 
42

 
 
Total net of tax
 
(112
)
 
(59
)
 
 
Total reclassifications, net of tax
 
$
(1,680
)
 
$
(1,460
)
 
 
 

*
Amortization of net loss is included in the computation of net periodic pension cost recognized within other non-interest expense.