XML 30 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss

The activity in accumulated other comprehensive loss is presented in the tables below (in thousands). All amounts are shown net of tax, which is calculated using a combined federal and state income tax rate approximating 23% for the three and nine months ended September 30, 2018 and 37% for the three and nine months ended September 30, 2017.
 
 
Accumulated Other Comprehensive (Loss) Income
 
 
Unrealized
 
 
 
Gains (Losses) on
 
 
Defined Benefit
Securities
 
 
Pension Plans
Available-for-Sale
Total
 
 
 
 
Balance at December 31, 2017
$
(5,033
)
$
(611
)
$
(5,644
)
 
 
 
 
   Other comprehensive loss before reclassifications
—

(14,976
)
(14,976
)
   Amounts reclassified from other comprehensive loss
—

—

—

 
—

(14,976
)
(14,976
)
 
 
 
 
   Adoption of new accounting pronouncement
—

(2,657
)
(2,657
)
Balance at September 30, 2018
$
(5,033
)
$
(18,244
)
$
(23,277
)
 
 
 
 
Balance at December 31, 2016
$
(4,660
)
$
(2,352
)
$
(7,012
)
 
 
 
 
   Other comprehensive income before reclassifications
—

5,933

5,933

   Amounts reclassified from other comprehensive loss
—

(2,698
)
(2,698
)
 
—

3,235

3,235

 
 
 
 
Balance at September 30, 2017
$
(4,660
)
$
883

$
(3,777
)


    
As a result of the adoption of ASU 2016-01, "Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," the Company reclassified $2.7 million of unrealized gains and losses net of tax, relating to its equity and perpetual preferred securities, from other comprehensive income to retained earnings on January 1, 2018.
 
Amount reclassified from Other Comprehensive Loss
 
 
Three months ended
Nine months ended
Affected line item
 
September 30,
September 30,
in the Statements
 
2018
2017
2018
2017
of Income
 
 
 
 
 
 
Securities available-for-sale:
 
 
 
 
 
Net unrealized securities gains (losses) reclassified into earnings
$
—

$
—

$
—

$
(4,276
)
Security gains (losses)
Related income tax expense
—

—

—

1,578

Income tax expense
  Net effect on accumulated other comprehensive loss
$
—

$
—

$
—

$
(2,698
)