Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2020

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, 2020: 

	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, 2019	$	5,822	$	(3,729	)	$	(34,307	)	$	(32,214	)
Other comprehensive income (loss) before reclassification	26,068		(1,057		)	—			25,011
Amounts reclassified from other comprehensive income	27		438			172			637
Other comprehensive income (loss), net	26,095		(619		)	172			25,648
Balance at March 31, 2020	$	31,917	$	(4,348	)	$	(34,135	)	$	(6,566	)

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, 2020 and 2019:

	Amounts Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended March 31,
Components of Accumulated Other Comprehensive Loss	2020			2019			Income Statement Line Item
	(in thousands)
Unrealized losses on AFS securities before tax	$	(40	)	$	(32	)	Losses on securities transactions, net
Tax effect	13			6
Total net of tax	(27		)	(26		)
Unrealized losses on derivatives (cash flow hedges) before tax	(615		)	(290		)	Interest expense
Tax effect	177			82
Total net of tax	(438		)	(208		)
Defined benefit pension plan:
Amortization of actuarial net loss	(236		)	(78		)	*
Tax effect	64			23
Total net of tax	(172		)	(55		)
Total reclassifications, net of tax	$	(637	)	$	(289	)

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