XML 23 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 2018
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
4.
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Activity in accumulated other comprehensive income (loss), net of tax, was as follows:

  
Securities
Held-to-
Maturity
and Transferred
Securities
  
Securities
Available-for-
Sale
  
Defined
Benefit
Plans
  
Derivative
Asset
  
Total
Accumulated
Other
Comprehensive
Gain (Loss)
 
Balance as of January 1, 2018
 
$
—
  
$
285
  
$
(6,633
)
 
$
2,707
  
$
(3,641
)
Reclassification of unrealized gains and losses on available-for-sale equity securities (1)
  
—
   
(153
)
  
—
   
—
   
(153
)
Adjusted balance as of January 1, 2018
  
—
   
132
   
(6,633
)
  
2,707
   
(3,794
)
Other comprehensive income (loss) before reclassifications
  
—
   
(1,931
)
  
80
   
1,908
   
57
 
Amounts reclassified from accumulated other comprehensive loss
  
—
   
(922
)
  
217
   
(168
)
  
(873
)
Net other comprehensive income during the period
  
—
   
(2,853
)
  
297
   
1,740
   
(816
)
Reclassification of tax effects on other comprehensive income (2)
  
—
   
—
   
32
   
—
   
32
 
Balance as of June 30, 2018
 
$
—
  
$
(2,721
)
 
$
(6,304
)
 
$
4,447
  
$
(4,578
)
                     
Balance as of January 1, 2017
 
$
(713
)
 
$
(92
)
 
$
(6,910
)
 
$
1,776
  
$
(5,939
)
Other comprehensive income (loss) before reclassifications
  
36
   
125
   
(7
)
  
(331
)
  
(177
)
Amounts reclassified from accumulated other comprehensive loss
  
—
   
—
   
372
   
97
   
469
 
Net other comprehensive income during the period
  
36
   
125
   
365
   
(234
)
  
292
 
Balance as of June 30, 2017
 
$
(677
)
 
$
33
  
$
(6,545
)
 
$
1,542
  
$
(5,647
)

(1)
Represents the impact of adopting ASU 2016-01 allowing the reclassification of unrealized gains and losses on available-for-sale equity securities from accumulated other comprehensive income to retained earnings.
(2)
Represents the impact of adopting ASU 2018-02 allowing the reclassification of certain stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act of 2017 (the “Tax Act”) from accumulated other comprehensive income to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act (or portion thereof) is recorded. The amount of the reclassification is an adjustment for the difference between the historical corporate income tax rate (35%) and the newly enacted 21% corporate income tax rate.

The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below for the periods indicated.

  
Three Months Ended June
30,
  
Six Months Ended June
30,
 
  
2018
  
2017
  
2018
  
2017
 
Change in unrealized holding loss on securities held-to-maturity and transferred securities:
            
Accretion of previously recognized non-credit component of OTTI
 
$
—
  
$
8
  
$
—
  
$
17
 
Change in unrealized loss on securities transferred to held-to-maturity
  
—
   
22
   
—
   
47
 
Net change
  
—
   
30
   
—
   
64
 
Tax expense
  
—
   
12
   
—
   
28
 
Net change in unrealized holding loss on securities held-to-maturity and transferred securities
  
—
   
18
   
—
   
36
 
Change in unrealized holding gain on securities available-for-sale:
                
Change in net unrealized gain during the period
  
(1,679
)
  
104
   
(2,867
)
  
224
 
Reclassification adjustment for net gains included in net gain on securities and other assets
  
—
   
—
   
(1,370
)
  
—
 
Net change
  
(1,679
)
  
104
   
(4,237
)
  
224
 
Tax expense (benefit)
  
(534
)
  
44
   
(1,384
)
  
99
 
Net change in unrealized holding gain on securities available-for-sale
  
(1,145
)
  
60
   
(2,853
)
  
125
 
Change in pension and other postretirement obligations:
                
Reclassification adjustment for expense included in other expense
  
37
   
355
   
323
   
657
 
Change in the net actuarial gain or loss
  
249
   
—
   
118
   
—
 
Net change
  
286
   
355
   
441
   
657
 
Tax expense
  
93
   
161
   
144
   
292
 
Net change in pension and other postretirement obligations
  
193
   
194
   
297
   
365
 
Change in unrealized loss on derivatives:
                
Change in net unrealized loss during the period
  
745
   
(825
)
  
2,826
   
(597
)
Reclassification adjustment for expense included in interest expense
  
(185
)
  
92
   
(250
)
  
179
 
Net change
  
560
   
(733
)
  
2,576
   
(418
)
Tax expense (benefit)
  
149
   
(328
)
  
836
   
(184
)
Net change in unrealized loss on derivatives
  
411
   
(405
)
  
1,740
   
(234
)
Other comprehensive income (loss)
 
$
(541
)
 
$
(133
)
 
$
(816
)
 
$
292