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Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Schedule of Other Comprehensive Income (Loss)
The following tables present the components of other comprehensive income (loss), both gross and net of tax, for the three and nine months ended September 30, 2019 and 2018:
 
For the Three Months Ended September 30,
 
2019
 
2018
 
Before Tax
 
Tax Effect
 
After Tax
 
Before Tax
 
Tax Effect
 
After Tax
 
(In thousands)
Components of other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on debt securities available for sale:
$
6,186

 
$
(1,271
)
 
$
4,915

 
$
(5,992
)
 
$
634

 
$
(5,358
)
Accretion of unrealized gain on debt securities reclassified as held to maturity
2

 
—

 
2

 
1

 
(12
)
 
(11
)
Reclassification adjustment for gains included in net income
1,256

 
(291
)
 
965

 
—

 
3

 
3

 
7,444

 
(1,562
)
 
5,882

 
(5,991
)
 
625

 
(5,366
)
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Unrealized (loss) gain on swap contracts accounted for as cash flow hedges
(1,619
)
 
340

 
(1,279
)
 
1,554

 
(314
)
 
1,240

 
(1,619
)
 
340

 
(1,279
)
 
1,554

 
(314
)
 
1,240

 
 
 
 
 
 
 
 
 
 
 
 
Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Amortization of prior service cost included in net income
(14
)
 
3

 
(11
)
 
—

 
—

 
—

Reclassification adjustment of actuarial net (loss) included in net income
(930
)
 
195

 
(735
)
 
—

 
—

 
—

Change in funded status of retirement obligations
1,887

 
(397
)
 
1,490

 
—

 
(1,908
)
 
(1,908
)
 
943

 
(199
)
 
744

 
—

 
(1,908
)
 
(1,908
)
Total other comprehensive income (loss)
$
6,768

 
$
(1,421
)
 
$
5,347

 
$
(4,437
)
 
$
(1,597
)
 
$
(6,034
)













13.    Other Comprehensive Income (Loss) (continued)

 
For the Nine Months Ended September 30,
 
2019
 
2018
 
Before Tax
 
Tax Effect
 
After Tax
 
Before Tax
 
Tax Effect
 
After Tax
 
(In thousands)
Components of other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on debt securities available for sale:
$
35,781

 
$
(7,479
)
 
$
28,302

 
$
(23,253
)
 
$
5,067

 
$
(18,186
)
Accretion of unrealized gain (loss) on debt securities reclassified as held to maturity
13

 
(3
)
 
10

 
(18
)
 
5

 
(13
)
Reclassification adjustment for gains included in net income
1,721

 
(396
)
 
1,325

 
116

 
(26
)
 
90

 
37,515

 
(7,878
)
 
29,637

 
(23,155
)
 
5,046

 
(18,109
)
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Unrealized (loss) gain on swap contracts accounted for as cash flow hedges
(11,059
)
 
2,324

 
(8,735
)
 
2,232

 
(486
)
 
1,746

 
(11,059
)
 
2,324

 
(8,735
)
 
2,232

 
(486
)
 
1,746

 
 
 
 
 
 
 
 
 
 
 
 
Employee benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Amortization of prior service cost included in net income
(42
)
 
9

 
(33
)
 
125

 
(27
)
 
98

Reclassification adjustment of actuarial net (loss) gain included in net income
(2,779
)
 
583

 
(2,196
)
 
664

 
(144
)
 
520

Change in funded status of retirement obligations
(2,785
)
 
585

 
(2,200
)
 
(789
)
 
174

 
(615
)
 
(5,606
)
 
1,177

 
(4,429
)
 
—

 
3

 
3

Total other comprehensive income (loss)
$
20,850

 
$
(4,377
)
 
$
16,473

 
$
(20,923
)
 
$
4,563

 
$
(16,360
)
Components of Other Comprehensive Income (Loss)
The following tables present the changes in the components of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2019 and 2018:
 
For the Three Months Ended September 30,
 
2019
 
2018
 
Unrealized Gains on Securities Available for Sale
 
Unrealized (Losses) on Swaps
 
Employee Benefit Plans
 
Accumulated Other Comprehensive (Loss)
 
Unrealized (Losses) on Securities Available for Sale
 
Unrealized Gains on Swaps
 
Employee Benefit Plans
 
Accumulated Other Comprehensive (Loss)
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
9,981

 
$
(9,462
)
 
$
(61,838
)
 
$
(61,319
)
 
$
(20,086
)
 
$
730

 
$
(56,380
)
 
$
(75,736
)
Current period changes in other comprehensive income (loss)
5,882

 
(1,279
)
 
744

 
5,347

 
(5,366
)
 
1,240

 
(1,908
)
 
(6,034
)
Total other comprehensive income (loss)
$
15,863

 
$
(10,741
)
 
$
(61,094
)
 
$
(55,972
)
 
$
(25,452
)
 
$
1,970

 
$
(58,288
)
 
$
(81,770
)
 
For the Nine Months Ended September 30,
 
2019
 
2018
 
Unrealized Gains (Losses) on Securities Available for Sale
 
Unrealized (Losses) Gains on Swaps
 
Employee Benefit Plans
 
Accumulated Other Comprehensive (Loss)
 
Unrealized (Losses) on Securities Available for Sale
 
Unrealized Gains on Swaps
 
Employee Benefit Plans
 
Accumulated Other Comprehensive (Loss)
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
(13,226
)
 
$
(2,006
)
 
$
(56,665
)
 
$
(71,897
)
 
$
(7,343
)
 
$
224

 
$
(58,291
)
 
$
(65,410
)
Effect of the adoption of ASU 2016-01
(548
)
 
—

 
—

 
(548
)
 
—

 
—

 
—

 
—

Balance at January 1, 2019
(13,774
)
 
(2,006
)
 
(56,665
)
 
(72,445
)
 
(7,343
)
 
224

 
(58,291
)
 
(65,410
)
Current period changes in other comprehensive income (loss)
29,637

 
(8,735
)
 
(4,429
)
 
16,473

 
(18,109
)
 
1,746

 
3

 
(16,360
)
Total other comprehensive income (loss)
$
15,863

 
$
(10,741
)
 
$
(61,094
)
 
$
(55,972
)
 
$
(25,452
)
 
$
1,970

 
$
(58,288
)
 
$
(81,770
)
Reclassification out of AOCI
The following tables reflect amounts reclassified from accumulated other comprehensive income (loss) to the consolidated statements of income and the affected line item in the statement where net income is presented for the three and nine months ended September 30, 2019 and 2018:
 
 
Accumulated Other Comprehensive Income (Loss) Components
 
 
 
 
For the Three Months Ended September 30,
 
Affected Line Items in the Consolidated Statements of Income
 
 
2019
 
2018
 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
Reclassification adjustment for gains included in net income
 
$
1,256

 
$
—

 
Gains on securities transactions

Reclassification adjustment of actuarial net (loss) included in net income
 
(930
)
 
—

 
Other non-interest expense
      Total before tax
 
326

 
—

 
 
      Income (tax) benefit
 
(96
)
 
3

 
 
      Net of tax
 
$
230

 
$
3

 
 
 
 
Accumulated Other Comprehensive Income (Loss) Components
 
 
 
 
For the Nine Months Ended September 30,
 
Affected Line Items in the Consolidated Statements of Income
 
 
2019
 
2018
 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
Reclassification adjustment for gains included in net income
 
$
1,721

 
$
116

 
Gains on securities transactions
Reclassification adjustment of actuarial net gain included in net income
 
(2,779
)
 
664

 
Other non-interest expense
      Total before tax
 
(1,058
)
 
780

 
 
      Income (tax) benefit
 
187

 
(170
)
 
 
      Net of tax
 
$
(871
)
 
$
610