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Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2020
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 six months ended June 30, 2020 and 2019:
 
 
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 June 30, 2020
 
(in thousands)
Beginning balance
 
$
112,543

 
$
(3,894
)
 
$
28,558

 
$
137,207

Other comprehensive income before reclassifications
 
42,860

 

 
2,611

 
45,471

Amounts reclassified from accumulated other comprehensive income (2)
 

 
79

 
(1,680
)
 
(1,601
)
Net current-period other comprehensive income
 
42,860

 
79

 
931

 
43,870

Ending balance
 
$
155,403

 
$
(3,815
)
 
$
29,489

 
$
181,077

Three Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Beginning balance
 
$
352

 
$
(2,116
)
 
$
4,810

 
$
3,046

Other comprehensive income before reclassifications
 
37,029

 

 
7,233

 
44,262

Amounts reclassified from accumulated other comprehensive income (2)
 
(219
)
 
61

 

 
(158
)
Net current-period other comprehensive income
 
36,810

 
61

 
7,233

 
44,104

Ending balance
 
$
37,162

 
$
(2,055
)
 
$
12,043

 
$
47,150

Six Months Ended June 30, 2020
 
 
 
 
 
 
 
 
Beginning balance
 
$
33,038

 
$
(3,974
)
 
$
11,303

 
$
40,367

Other comprehensive income before reclassifications
 
122,556

 

 
20,588

 
143,144

Amounts reclassified from accumulated other comprehensive income (2)
 
(191
)
 
159

 
(2,402
)
 
(2,434
)
Net current-period other comprehensive income
 
122,365

 
159

 
18,186

 
140,710

Ending balance
 
$
155,403

 
$
(3,815
)
 
$
29,489

 
$
181,077

Six Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Beginning balance
 
$
(33,128
)
 
$
(2,177
)
 
$

 
$
(35,305
)
Other comprehensive income before reclassifications
 
71,926

 

 
12,043

 
83,969

Amounts reclassified from accumulated other comprehensive loss (2)
 
(1,636
)
 
122

 

 
(1,514
)
Net current-period other comprehensive income
 
70,290

 
122

 
12,043

 
82,455

Ending balance
 
$
37,162

 
$
(2,055
)
 
$
12,043

 
$
47,150

__________
(1) All amounts are net of tax. Amounts in parentheses 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 six months ended June 30, 2020 and 2019:
 
 
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Affected line Item in the Consolidated
 
 
2020
 
2019
 
2020
 
2019
 
Statement of Income
 
 
(in thousands)
 
 
Unrealized gains on available for sale debt securities
 
$

 
$
285

 
$
249

 
$
2,132

 
Investment securities gains, net
 
 

 
285

 
249

 
2,132

 
Total before tax
 
 

 
(66
)
 
(58
)
 
(496
)
 
Income tax provision
 
 
$

 
$
219

 
$
191

 
$
1,636

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Amortization of pension plan liability actuarial losses
 
$
(103
)
 
$
(80
)
 
$
(207
)
 
$
(159
)
 
Compensation and employee benefits
 
 
(103
)
 
(80
)
 
(207
)
 
(159
)
 
Total before tax
 
 
24

 
19

 
48

 
37

 
Income tax provision
 
 
$
(79
)
 
$
(61
)
 
$
(159
)
 
$
(122
)
 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains from hedging instruments
 
$
2,190

 
$

 
$
3,130

 
$

 
Loans
 
 
2,190

 

 
3,130

 

 
Total before tax
 
 
(510
)
 

 
(728
)
 

 
Income tax provision
 
 
$
1,680

 
$

 
$
2,402

 
$

 
Net of tax