Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the following table. Reclassification adjustments related to securities available for sale are included in net gain (loss) on securities transactions in the accompanying consolidated statements of income. Reclassification adjustments related to defined-benefit post-retirement benefit plans are included in the computation of net periodic pension expense (see Note 13 – Defined Benefit Plans).

	Three Months Ended   March 31, 2017									Three Months Ended   March 31, 2016
	Before Tax Amount			Tax  Expense, (Benefit)			Net of  Tax Amount			Before Tax Amount			Tax  Expense, (Benefit)			Net of  Tax Amount
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	$	33,811		$	11,834		$	21,977		$	122,218		$	42,776		$	79,442
Change in net unrealized gain on securities transferred to held to maturity	(6,286		)	(2,200		)	(4,086		)	(8,166		)	(2,858		)	(5,308		)
Reclassification adjustment for net (gains) losses included in net income	—			—			—			(14,903		)	(5,216		)	(9,687		)
Total securities available for sale and transferred securities	27,525			9,634			17,891			99,149			34,702			64,447
Defined-benefit post-retirement benefit plans:
Reclassification adjustment for net amortization of actuarial gain/loss included in net income	1,357			475			882			1,553			544			1,009
Total defined-benefit post-retirement benefit plans	1,357			475			882			1,553			544			1,009
Total other comprehensive income (loss)	$	28,882		$	10,109		$	18,773		$	100,702		$	35,246		$	65,456

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

	Securities Available For Sale			Defined Benefit Plans			Accumulated Other Comprehensive Income
Balance January 1, 2017	$	16,153		$	(40,776	)	$	(24,623	)
Other comprehensive income (loss) before reclassifications	17,891			—			17,891
Amounts reclassified from accumulated other comprehensive income (loss)	—			882			882
Net other comprehensive income (loss) during period	17,891			882			18,773
Balance at March 31, 2017	$	34,044		$	(39,894	)	$	(5,850	)
Balance January 1, 2016	$	160,611		$	(46,748	)	$	113,863
Other comprehensive income (loss) before reclassifications	74,134			1,009			75,143
Amounts reclassified from accumulated other comprehensive income (loss)	(9,687		)	—			(9,687		)
Net other comprehensive income (loss) during period	64,447			1,009			65,456
Balance at March 31, 2016	$	225,058		$	(45,739	)	$	179,319