XML 43 R28.htm IDEA: XBRL DOCUMENT v3.19.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2018
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

20. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the components of other comprehensive loss and related income tax effects:

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

(In thousands)

    

2018

    

2017

    

2016

Unrealized holding losses on available for sale securities

 

$

(8,429)

  

$

(1,107)

  

$

(6,428)

Reclassification adjustment for losses (gains) realized in income

 

 

7,921

    

 

(38)

  

 

(449)

Income tax effect

 

 

160

 

 

640

  

 

2,795

Net change in unrealized losses on available for sale securities

 

 

(348)

 

 

(505)

  

 

(4,082)

 

 

 

 

 

 

 

 

 

 

Unrealized net loss arising during the period

 

 

(1,567)

 

 

(302)

  

 

(1,452)

Reclassification adjustment for amortization realized in income

 

 

384

 

 

480

  

 

384

Income tax effect

 

 

351

 

 

15

  

 

438

Net change in post-retirement obligation

 

 

(832)

 

 

193

  

 

(630)

 

 

 

 

 

 

 

 

 

 

Change in fair value of derivatives used for cash flow hedges

 

 

2,493

 

 

463

  

 

1,191

Reclassification adjustment for (gains) losses realized in income

 

 

(1,068)

 

 

1,419

  

 

944

Income tax effect

 

 

(418)

 

 

(793)

  

 

(865)

Net change in unrealized gain on cash flow hedges

 

 

1,007

 

 

1,089

  

 

1,270

 

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income

 

$

(173)

  

$

777

  

$

(3,442)

 

The following is a summary of the accumulated other comprehensive loss balances, net of income taxes at the dates indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

December 31, 

 

Comprehensive

 

 

December 31, 

(In thousands)

    

2017

    

Income

    

 

2018

Unrealized losses on available for sale securities

 

$

(11,337)

 

$

(348)

 

$

(11,685)

Unrealized losses on pension benefits

 

 

(5,533)

 

 

(832)

 

 

(6,365)

Unrealized gains on cash flow hedges

 

 

1,931

 

 

1,007

 

 

2,938

Accumulated other comprehensive loss, net of income taxes

 

$

(14,939)

 

$

(173)

 

$

(15,112)

 

The following represents the reclassifications out of accumulated other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

Affected Line Item in the

(In thousands)

    

2018

    

2017

    

2016

    

Consolidated Statements of Income

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

 

$  

(7,921)

 

$

38

 

$

449

  

Net securities (losses) gains

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

 

 

  

 

 

  

  

 

  

  

 

Prior service credit

 

 

77

 

 

77

  

 

77

  

Other operating expenses

Transition obligation

 

 

(5)

 

 

(27)

  

 

(28)

  

Other operating expenses

Actuarial losses

 

 

(456)

 

 

(530)

  

 

(433)

  

Other operating expenses

Realized gains (losses) on cash flow hedges

 

 

1,068

 

 

(1,419)

  

 

(944)

  

Interest expense

Total reclassifications, before income tax

 

 

(7,237)

 

 

(1,861)

  

 

(879)

  

 

Income tax benefit

 

 

2,105

 

 

762

  

 

356

  

Income tax expense

Total reclassifications, net of income tax

 

$  

(5,132)

 

$

(1,099)

 

$

(523)