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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)
9 Months Ended
Sep. 30, 2018
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME  
Schedule of other comprehensive (loss) income and related income tax effects

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

(In thousands)

    

September 30, 2018

    

September 30, 2017

    

September 30, 2018

    

September 30, 2017

Unrealized holding (losses) gains on available for sale securities

 

$

(4,319)

  

$

517

 

$

(17,137)

  

$

4,728

Reclassification adjustment for (gains) losses realized in income

 

 

 —

    

 

(260)

 

 

7,921

    

 

(260)

Income tax effect

 

 

1,256

 

 

(105)

 

 

2,681

 

 

(1,773)

Net change in unrealized (losses) gains on available for sale securities

 

 

(3,063)

 

 

152

 

 

(6,535)

 

 

2,695

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for amortization realized in income

 

 

94

 

 

112

 

 

284

 

 

339

Income tax effect

 

 

(27)

 

 

(45)

 

 

(82)

 

 

(109)

Net change in post-retirement obligation

 

 

67

 

 

67

 

 

202

 

 

230

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of derivatives used for cash flow hedges

 

 

584

 

 

144

 

 

4,431

 

 

(1,216)

Reclassification adjustment for (gains) losses realized in income

 

 

(374)

 

 

369

 

 

(653)

 

 

1,103

Income tax effect

 

 

(61)

 

 

(210)

 

 

(1,099)

 

 

43

Net change in unrealized gain (loss) on cash flow hedges

 

 

149

 

 

303

 

 

2,679

 

 

(70)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income

 

$

(2,847)

  

$

522

 

$

(3,654)

  

$

2,855

 

Schedule of accumulated other comprehensive loss balances, net of income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

December 31, 

 

Comprehensive

 

 

September 30, 

(In thousands)

    

2017

    

Income

    

 

2018

Unrealized losses on available for sale securities

 

$

(11,337)

 

$

(6,535)

 

$

(17,872)

Unrealized (losses) gains on pension benefits

 

 

(5,533)

 

 

202

 

 

(5,331)

Unrealized gains on cash flow hedges

 

 

1,931

 

 

2,679

 

 

4,610

Accumulated other comprehensive loss, net of income taxes

 

$

(14,939)

 

$

(3,654)

 

$

(18,593)

 

Schedule of reclassifications out of accumulated other comprehensive (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

Affected Line Item

 

 

September 30, 

 

September 30, 

 

September 30, 

 

September 30, 

 

in the Consolidated

(In thousands)

    

2018

    

2017

    

2018

    

2017

    

Statements of Income

Realized gains (losses) on sale of available for sale securities

 

$  

 —

 

$

260

 

$  

(7,921)

 

$

260

  

Net securities gains (losses)

Amortization of defined benefit pension plan and defined benefit plan component of the SERP:

 

 

  

 

 

  

 

 

  

 

 

  

  

 

Prior service credit

 

 

20

 

 

20

 

 

58

 

 

58

  

Other operating expenses

Transition obligation

 

 

(1)

 

 

(7)

 

 

(3)

 

 

(21)

  

Other operating expenses

Actuarial losses

 

 

(113)

 

 

(125)

 

 

(339)

 

 

(376)

  

Other operating expenses

Realized gains (losses) on cash flow hedges

 

 

374

 

 

(369)

 

 

653

 

 

(1,103)

  

Interest expense

Total reclassifications, before income tax

 

$  

280

 

$

(221)

 

$

(7,552)

 

$

(1,182)

  

 

Income tax (benefit) expense

 

 

(81)

 

 

91

 

 

2,197

 

 

484

  

Income tax expense

Total reclassifications, net of income tax

 

$  

199

 

$

(130)

 

$  

(5,355)

 

$

(698)