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CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2019
Stockholders' Equity Note [Abstract]  
Schedule of Actual and Required Capital Ratios
The actual and required capital ratios are, as follows:
 
 
March 31, 2019
 
Regulatory Minimum to be "Well Capitalized"
 
December 31, 2018
 
Regulatory
Minimum to be
"Well Capitalized"
Company (consolidated)
 
 

 
 

 
 

 
 

Total capital to risk-weighted assets
 
14.15
%
 
N/A

 
14.23
%
 
N/A

Common equity tier 1 capital to risk-weighted assets
 
11.76

 
N/A

 
11.80

 
N/A

Tier 1 capital to risk-weighted assets
 
12.63

 
N/A

 
12.68

 
N/A

Tier 1 capital to average assets
 
8.66

 
N/A

 
8.53

 
N/A

 
 
 
 
 
 
 
 
 
Bank
 
 
 
 
 
 
 
 
Total capital to risk-weighted assets
 
13.69
%
 
10.00
%
 
13.82
%
 
10.00
%
Common equity tier 1 capital to risk-weighted assets
 
12.88

 
6.50

 
12.99

 
6.50

Tier 1 capital to risk-weighted assets
 
12.88

 
8.00

 
12.99

 
8.00

Tier 1 capital to average assets
 
8.82

 
5.00

 
8.74

 
5.00

Schedule of Components of Accumulated Other Comprehensive Income
Components of accumulated other comprehensive loss is, as follows:
(in thousands)
 
March 31, 2019
 
December 31, 2018
Other accumulated comprehensive loss, before tax:
 
 

 
 

Net unrealized loss on AFS securities
 
$
(2,404
)
 
$
(11,304
)
Net unrealized loss on effective cash flow hedging derivatives
 
(3,779
)
 
(2,934
)
Net unrealized loss on post-retirement plans
 
(1,162
)
 
(1,162
)
 
 
 
 
 
Income taxes related to items of accumulated other comprehensive loss:
 
 
 
 
Net unrealized loss on AFS securities
 
560

 
2,641

Net unrealized loss on effective cash flow hedging derivatives
 
883

 
685

Net unrealized loss on post-retirement plans
 
274

 
272

Accumulated other comprehensive loss
 
$
(5,628
)
 
$
(11,802
)
Schedule of Components of Other Comprehensive Income
The following table presents the components of other comprehensive income (loss) for the three months ended March 31, 2019 and 2018:
(in thousands)
 
Before Tax
 
Tax Effect
 
Net of Tax
Three Months Ended March 31, 2019
 
 

 
 

 
 

Net unrealized income on AFS securities:
 
 
 
 
 
 

Net unrealized income arising during the period
 
$
8,900

 
$
(2,079
)
 
$
6,821

Less: reclassification adjustment for gains (losses) realized in net income
 

 

 

Net unrealized gain on AFS securities
 
8,900

 
(2,079
)
 
6,821

 
 
 
 
 
 
 
Net unrealized loss on cash flow hedging derivatives:
 
 
 
 
 
 
Net unrealized loss arising during the period
 
(845
)
 
198

 
(647
)
Less: reclassification adjustment for gains (losses) realized in net income
 

 

 

Net unrealized loss on cash flow hedging derivatives
 
(845
)
 
198

 
(647
)
 
 
 
 
 
 
 
Net unrealized gain on post-retirement plans:
 
 
 
 
 
 
Net unrealized gain arising during the period
 

 

 

Less: reclassification adjustment for gains (losses) realized in net income
 

 

 

Net unrealized gain on post-retirement plans
 

 

 

Other comprehensive income
 
$
8,055

 
$
(1,881
)
 
$
6,174

 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 
 

 
 

 
 

Net unrealized loss on AFS securities:
 
 
 
 

 
 

Net unrealized loss arising during the period
 
$
(10,702
)
 
$
2,550

 
$
(8,152
)
Less: reclassification adjustment for gains (losses) realized in net income
 

 

 

Net unrealized loss on AFS securities
 
(10,702
)
 
2,550

 
(8,152
)
 
 
 
 
 
 
 
Net unrealized gain on cash flow hedging derivatives:
 
 

 
 
 
 

Net unrealized gain arising during the period
 
654

 
(155
)
 
499

Less: reclassification adjustment for gains (losses) realized in net income
 

 

 

Net unrealized gain on cash flow hedging derivatives
 
654

 
(155
)
 
499

 
 
 
 
 
 
 
Net unrealized gain on post-retirement plans:
 
 

 
 

 
 

Net unrealized gain arising during the period
 
41

 
(10
)
 
31

Less: reclassification adjustment for gains (losses) realized in net income
 

 

 

Net unrealized gain on post-retirement plans
 
41

 
(10
)
 
31

Other comprehensive loss
 
$
(10,007
)
 
$
2,385

 
$
(7,622
)
 
 
 
 
 
 
 


Schedule of Gross Changes in Each Component of Accumulated Other Comprehensive Income
The following table presents the changes in each component of accumulated other comprehensive income (loss), for the three months ended March 31, 2019 and 2018:
(in thousands)
 
Net unrealized holding (loss) gain on AFS Securities
 
Net loss on
effective cash
flow hedging derivatives
 
Net unrealized
holding loss
on pension plans
 
Total
Three Months Ended March 31, 2019
 
 

 
 

 
 

 
 

Balance at beginning of period
 
$
(8,665
)
 
$
(2,249
)
 
$
(888
)
 
$
(11,802
)
Other comprehensive gain (loss) before reclassifications
 
6,821

 
(647
)
 

 
6,174

Less: amounts reclassified from accumulated other comprehensive income
 

 

 

 

Total other comprehensive income (loss)
 
6,821

 
(647
)
 

 
6,174

Balance at end of period
 
$
(1,844
)
 
$
(2,896
)
 
$
(888
)
 
$
(5,628
)
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
(1,713
)
 
$
(2,250
)
 
$
(591
)
 
$
(4,554
)
Other comprehensive (loss) gain before reclassifications
 
(8,152
)
 
499

 
31

 
(7,622
)
Less: amounts reclassified from accumulated other comprehensive income
 

 

 

 

Total other comprehensive (loss) income
 
(8,152
)
 
499

 
31

 
(7,622
)
Less: amounts reclassified from accumulated other comprehensive income for ASU 2018-02
 
(367
)
 
(485
)
 
(128
)
 
(980
)
Balance at end of period
 
$
(10,232
)
 
$
(2,236
)
 
$
(688
)
 
$
(13,156
)