XML 61 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components Of Accumulated Other Comprehensive Income (Loss)
 
Unrealized Gains (Losses) on Securities (1)
 
Pension Loss
Unrealized Gains (Losses) on Cash Flow Hedge Derivatives (2)
Total Accumulated Other Comprehensive Income (Loss)
(In thousands)
OTTI
 
Other
 
Balance January 1, 2018
$
3,411

 
$
30,326

 
$
(19,629
)
$
—

 
$
14,108

ASU 2018-02 Reclassification of tax rate change
715

 
6,359

 
(4,142
)
—

 
2,932

ASU 2016-01 Reclassification of unrealized gain on equity securities
—

 
(33,320
)
 
—

—

 
(33,320
)
Other comprehensive income (loss) before reclassifications
(438
)
 
(73,725
)
 
(1,110
)
8,381

 
(66,892
)
Amounts reclassified from accumulated other comprehensive income
68

 
(447
)
 
1,996

760

 
2,377

Current period other comprehensive income (loss), before tax
(370
)
 
(74,172
)
 
886

9,141

 
(64,515
)
Income tax (expense) benefit
93

 
18,541

 
(222
)
(2,286
)
 
16,126

Current period other comprehensive income (loss), net of tax
(277
)
 
(55,631
)
 
664

6,855

 
(48,389
)
Transfer of unrealized gain on securities for which impairment was not previously recognized
12

 
(12
)
 
—

—

 
—

Balance December 31, 2018
$
3,861

 
$
(52,278
)
 
$
(23,107
)
$
6,855

 
$
(64,669
)
Balance January 1, 2017
$
2,975

 
$
27,328

 
$
(19,328
)
$
—

 
$
10,975

Other comprehensive income (loss) before reclassifications
279

 
36,307

 
(2,527
)
—

 
34,059

Amounts reclassified from accumulated other comprehensive income
385

 
(31,433
)
 
2,042

—

 
(29,006
)
Current period other comprehensive income (loss), before tax
664

 
4,874

 
(485
)
—

 
5,053

Income tax (expense) benefit
(252
)
 
(1,852
)
 
184

—

 
(1,920
)
Current period other comprehensive income (loss), net of tax
412

 
3,022

 
(301
)
—

 
3,133

Transfer of unrealized gain on securities for which impairment was not previously recognized
24

 
(24
)
 
—

—

 
—

Balance December 31, 2017
$
3,411

 
$
30,326

 
$
(19,629
)
$
—

 
$
14,108

(1) The pre-tax amounts reclassified from accumulated other comprehensive income to current earnings are included in "investment securities gains (losses), net" in the consolidated statements of income.
(2) The pre-tax amounts reclassified from accumulated other comprehensive income to current earnings are included in "interest and fees on loans" in the consolidated statements of income.

The requirement to revalue deferred tax assets and liabilities in the period of enactment stranded the effects of the tax rate change, mandated by the Tax Cuts and Jobs Act, in accumulated other comprehensive income. In response, the FASB issued ASU 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income", which the Company adopted on January 1, 2018. This ASU allowed the reclassification of the stranded tax effects from accumulated other comprehensive income (loss) (as shown in the table above) to retained earnings.
As mentioned in Note 1, new accounting guidance for investment securities, which was effective January 1, 2018, required the reclassification of unrealized gains on equity securities from accumulated other comprehensive income (loss) to retained earnings (also shown above).