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Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2019
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, 2019: 

 
Components of Accumulated Other Comprehensive Loss
 
Total
Accumulated
Other
Comprehensive
Loss
 
Unrealized Gains
and Losses on
Available for Sale
(AFS) Securities
 
Unrealized Gains
and (Losses) on
Derivatives
 
Defined
Benefit
Pension Plan
 
 
(in thousands)
Balance at March 31, 2019
$
(17,266
)
 
$
(4,205
)
 
$
(31,786
)
 
$
(53,257
)
Other comprehensive income (loss) before reclassification
18,488

 
(683
)
 

 
17,805

Amounts reclassified from other comprehensive income (loss)
(8
)
 
274

 
55

 
321

Other comprehensive income (loss), net
18,480

 
(409
)
 
55

 
18,126

Balance at June 30, 2019
$
1,214

 
$
(4,614
)
 
$
(31,731
)
 
$
(35,131
)


 
Components of Accumulated Other Comprehensive Loss
 
Total
Accumulated
Other
Comprehensive
Loss
 
Unrealized Gains
and Losses on
Available for Sale
(AFS) Securities
 
Unrealized Gains
and (Losses) on
Derivatives
 
Defined
Benefit
Pension Plan
 
 
(in thousands)
Balance at December 31, 2018
$
(33,559
)
 
$
(4,031
)
 
$
(31,841
)
 
$
(69,431
)
Other comprehensive income (loss) before reclassification
34,755

 
(1,065
)
 

 
33,690

Amounts reclassified from other comprehensive income (loss)
18

 
482

 
110

 
610

Other comprehensive income (loss), net
34,773

 
(583
)
 
110

 
34,300

Balance at June 30, 2019
$
1,214

 
$
(4,614
)
 
$
(31,731
)
 
$
(35,131
)

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, 2019 and 2018:
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
Components of Accumulated Other Comprehensive Loss
 
2019
 
2018
 
2019
 
2018
 
Income Statement Line Item
 
 
(in thousands)
 
 
Unrealized gains (losses) on AFS securities before tax
 
$
11

 
$
(52
)
 
$
(21
)
 
$
(795
)
 
Gains (losses) on securities transactions, net
Tax effect
 
(3
)
 
10

 
3

 
221

 
 
Total net of tax
 
8

 
(42
)
 
(18
)
 
(574
)
 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(383
)
 
(866
)
 
(673
)
 
(2,317
)
 
Interest expense
Tax effect
 
109

 
247

 
191

 
662

 
 
Total net of tax
 
(274
)
 
(619
)
 
(482
)
 
(1,655
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
 
Amortization of net loss
 
(78
)
 
(157
)
 
(156
)
 
(314
)
 
*
Tax effect
 
23

 
45

 
46

 
90

 
 
Total net of tax
 
(55
)
 
(112
)
 
(110
)
 
(224
)
 
 
Total reclassifications, net of tax
 
$
(321
)
 
$
(773
)
 
$
(610
)
 
$
(2,453
)
 
 
 

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