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Accumulated Other Comprehensive Income
9 Months Ended
Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
The following table shows changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2019 and 2018:
 
 
Unrealized Gains and Losses on Available-for-Sale Securities (1)
 
Unrealized Gains and Losses on Pension Plan Liability (1)
 
Unrealized Gains and Losses on Hedging Instruments (1)
 
Total (1)
Three Months Ended September 30, 2019
 
(in thousands)
Beginning balance
 
$
37,162

 
$
(2,055
)
 
$
12,043

 
$
47,150

Other comprehensive income before reclassifications
 
14,593

 

 
3,137

 
17,730

Amounts reclassified from accumulated other comprehensive income (2)
 

 
62

 
(58
)
 
4

Net current-period other comprehensive income
 
14,593

 
62

 
3,079

 
17,734

Ending balance
 
$
51,755

 
$
(1,993
)
 
$
15,122

 
$
64,884

Three Months Ended September 30, 2018
 
 
 
 
 
 
 
 
Beginning balance
 
$
(53,597
)
 
$
(2,324
)
 
$

 
$
(55,921
)
Other comprehensive loss before reclassifications
 
(14,149
)
 

 

 
(14,149
)
Amounts reclassified from accumulated other comprehensive loss (2)
 

 
61

 

 
61

Net current-period other comprehensive income (loss)
 
(14,149
)
 
61

 

 
(14,088
)
Ending balance
 
$
(67,746
)
 
$
(2,263
)
 
$

 
$
(70,009
)
Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 
Beginning balance
 
$
(33,128
)
 
$
(2,177
)
 
$

 
$
(35,305
)
Other comprehensive income before reclassifications
 
86,519

 

 
15,180

 
101,699

Amounts reclassified from accumulated other comprehensive loss (2)
 
(1,636
)
 
184

 
(58
)
 
(1,510
)
Net current-period other comprehensive income
 
84,883

 
184

 
15,122

 
100,189

Ending balance
 
$
51,755

 
$
(1,993
)
 
$
15,122

 
$
64,884

Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
Beginning balance
 
$
(19,779
)
 
$
(2,446
)
 
$

 
$
(22,225
)
Adjustment pursuant to adoption of ASU 2016-01
 
157

 

 

 
157

Other comprehensive loss before reclassifications
 
(48,043
)
 

 

 
(48,043
)
Amounts reclassified from accumulated other comprehensive loss (2)
 
(81
)
 
183

 

 
102

Net current-period other comprehensive income (loss)
 
(48,124
)
 
183

 

 
(47,941
)
Ending balance
 
$
(67,746
)
 
$
(2,263
)
 
$

 
$
(70,009
)
__________
(1) All amounts are net of tax. Amounts in parenthesis indicate debits.
(2) See following table for details about these reclassifications.
The following table shows details regarding the reclassifications from accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2019 and 2018:
 
 
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
Affected line Item in the Consolidated
 
 
2019
 
2018
 
2019
 
2018
 
Statement of Income
 
 
(in thousands)
 
 
Unrealized gains and losses on available for sale debt securities
 
 
 
 
 
 
 
 
 
 
Investment securities gains, net
 
$

 
$

 
$
2,132

 
$
106

 
Investment securities gains (losses), net
 
 

 

 
2,132

 
106

 
Total before tax
 
 

 

 
(496
)
 
(25
)
 
Income tax provision
 
 
$

 
$

 
$
1,636

 
$
81

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Amortization of pension plan liability
 
 
 
 
 
 
 
 
 
 
Actuarial losses
 
$
(81
)
 
$
(80
)
 
$
(240
)
 
$
(239
)
 
Compensation and employee benefits
 
 
(81
)
 
(80
)
 
(240
)
 
(239
)
 
Total before tax
 
 
19

 
19

 
56

 
56

 
Income tax provision
 
 
$
(62
)
 
$
(61
)
 
$
(184
)
 
$
(183
)
 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains and losses from hedging instruments
 
 
 
 
 
 
 
 
 
 
Interest income
 
$
76

 
$

 
$
76

 
$

 
Loans
 
 
76

 

 
76

 

 
Total before tax
 
 
(18
)
 

 
(18
)
 

 
Income tax provision
 
 
$
58

 
$

 
$
58

 
$

 
Net of tax