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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)
9 Months Ended
Sep. 30, 2019
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME.  
Schedule of other comprehensive income (loss) and related income tax effects

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

 

September 30, 

 

September 30, 

(In thousands)

    

2019

    

2018

    

2019

    

2018

Unrealized holding gains (losses) on available for sale securities

 

$

2,227

  

$

(4,319)

 

$

16,247

  

$

(17,137)

Reclassification adjustment for (gains) losses realized in income

 

 

 —

    

 

 —

 

 

(201)

    

 

7,921

Income tax effect

 

 

(649)

 

 

1,256

 

 

(4,679)

 

 

2,681

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

 

 

1,578

 

 

(3,063)

 

 

11,367

 

 

(6,535)

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for amortization realized in income

 

 

128

 

 

94

 

 

385

 

 

284

Income tax effect

 

 

(37)

 

 

(27)

 

 

(113)

 

 

(82)

Net change in post-retirement obligation

 

 

91

 

 

67

 

 

272

 

 

202

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of derivatives used for cash flow hedges

 

 

(657)

 

 

584

 

 

(5,360)

 

 

4,431

Reclassification adjustment for gains realized in income

 

 

(331)

 

 

(374)

 

 

(1,353)

 

 

(653)

Income tax effect

 

 

288

 

 

(61)

 

 

1,958

 

 

(1,099)

Net change in unrealized (losses) gains on cash flow hedges

 

 

(700)

 

 

149

 

 

(4,755)

 

 

2,679

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss)

 

$

969

  

$

(2,847)

 

$

6,884

  

$

(3,654)

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

December 31, 

 

Comprehensive

 

 

September 30, 

(In thousands)

    

2018

    

Income

    

 

2019

Unrealized (losses) gains on available for sale securities

 

$

(11,685)

 

$

11,367

 

$

(318)

Unrealized (losses) gains on pension benefits

 

 

(6,365)

 

 

272

 

 

(6,093)

Unrealized gains (losses) on cash flow hedges

 

 

2,938

 

 

(4,755)

 

 

(1,817)

Accumulated other comprehensive (loss) gain, net of income taxes

 

$

(15,112)

 

$

6,884

 

$

(8,228)

 

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)

    

2019

    

2018

    

2019

    

2018

    

Statements of Income

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

 

$  

 —

 

$

 —

 

$  

201

 

$

(7,921)

 

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)

 

 

 —

 

 

(3)

 

Other operating expenses

Actuarial losses

 

 

(148)

 

 

(113)

 

 

(443)

 

 

(339)

 

Other operating expenses

Realized gains on cash flow hedges

 

 

331

 

 

374

 

 

1,353

 

 

653

 

Interest expense

Total reclassifications, before income tax

 

$  

203

 

$

280

 

$

1,169

 

$

(7,552)

 

 

Income tax (expense) benefit

 

 

(59)

 

 

(81)

 

 

(341)

 

 

2,197

 

Income tax expense

Total reclassifications, net of income tax

 

$  

144

 

$

199

 

$  

828

 

$

(5,355)