Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss) [Abstract]

The following table shows changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 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 September 30, 2020	(in thousands)
Beginning balance	$	155,403	$	(3,815)	$	29,489	$	181,077
Other comprehensive loss before reclassifications	(1,442)		—		(62)		(1,504)
Amounts reclassified from accumulated other comprehensive income (2)	—		80		(2,052)		(1,972)
Net current-period other comprehensive income (loss)	(1,442)		80		(2,114)		(3,476)
Ending balance	$	153,961	$	(3,735)	$	27,375	$	177,601
Three Months Ended September 30, 2019
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
Nine Months Ended September 30, 2020
Beginning balance	$	33,038	$	(3,974)	$	11,303	$	40,367
Other comprehensive income before reclassifications	121,114		—		20,526		141,640
Amounts reclassified from accumulated other comprehensive income (2)	(191)		239		(4,454)		(4,406)
Net current-period other comprehensive income	120,923		239		16,072		137,234
Ending balance	$	153,961	$	(3,735)	$	27,375	$	177,601
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

__________

(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 nine months ended September 30, 2020 and 2019:


	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
	Three Months Ended September 30,				Nine Months Ended September 30,				Affected line Item in the Consolidated
	2020		2019		2020		2019		Statement of Income
	(in thousands)
Unrealized gains on available for sale debt securities	$	—	$	—	$	249	$	2,132	Investment securities gains, net
	—		—		249		2,132		Total before tax
	—		—		(58)		(496)		Income tax provision
	$	—	$	—	$	191	$	1,636	Net of tax

Amortization of pension plan liability actuarial losses	$	(104)	$	(81)	$	(311)	$	(240)	Compensation and employee benefits
	(104)		(81)		(311)		(240)		Total before tax
	24		19		72		56		Income tax provision
	$	(80)	$	(62)	$	(239)	$	(184)	Net of tax

Unrealized gains from hedging instruments	$	2,673	$	76	$	5,803	$	76	Loans
	2,673		76		5,803		76		Total before tax
	(621)		(18)		(1,349)		(18)		Income tax provision
	$	2,052	$	58	$	4,454	$	58	Net of tax