Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2020

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 12 – Defined Benefit Plans).

	Three Months Ended   March 31, 2020									Three Months Ended   March 31, 2019
	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	$	230,118		$	48,325		$	181,793		$	198,146		$	41,611		$	156,535
Change in net unrealized gain on securities transferred to held to maturity	(377		)	(79		)	(298		)	(344		)	(72		)	(272		)
Reclassification adjustment for net (gains) losses included in net income	(108,989		)	(22,888		)	(86,101		)	—			—			—
Total securities available for sale and transferred securities	120,752			25,358			95,394			197,802			41,539			156,263
Defined-benefit post-retirement benefit plans:
Reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost (benefit)	1,330			279			1,051			1,406			295			1,111
Total defined-benefit post-retirement benefit plans	1,330			279			1,051			1,406			295			1,111
Total other comprehensive income (loss)	$	122,082		$	25,637		$	96,445		$	199,208		$	41,834		$	157,374

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, 2020	$	313,304		$	(45,934	)	$	267,370
Other comprehensive income (loss) before reclassifications	181,495			—			181,495
Reclassification of amounts included in net income	(86,101		)	1,051			(85,050		)
Net other comprehensive income (loss) during period	95,394			1,051			96,445
Balance at March 31, 2020	$	408,698		$	(44,883	)	$	363,815
Balance January 1, 2019	$	(16,103	)	$	(47,497	)	$	(63,600	)
Other comprehensive income (loss) before reclassifications	156,263			—			156,263
Reclassification of amounts included in net income	—			1,111			1,111
Net other comprehensive income (loss) during period	156,263			1,111			157,374
Balance at March 31, 2019	$	140,160		$	(46,386	)	$	93,774