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Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2019
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The following table presents the components of other comprehensive income (loss) for the years ended December 31: 
 
Before-Tax Amount
 
Tax Effect
 
Net of Tax Amount
 
(in thousands)
2019:
 
 
 
 
 
Unrealized gain on AFS securities
$
73,085

 
$
(16,166
)
 
$
56,919

Reclassification adjustment for available for sale securities gains included in net income (1)
(4,733
)
 
1,047

 
(3,686
)
Amortization of net unrealized losses on available for sale securities transferred to HTM (2) (3)
8,070

 
(1,785
)
 
6,285

Non-credit related unrealized loss on other-than-temporarily impaired debt securities
(873
)
 
193

 
(680
)
Unrecognized pension and postretirement cost
(1,203
)
 
266

 
(937
)
Amortization of net unrecognized pension and postretirement income (4)
1,316

 
(291
)
 
1,025

Total Other Comprehensive Income
$
75,662

 
$
(16,736
)
 
$
58,926

2018:
 
 
 
 
 
Unrealized loss on AFS securities
$
(31,235
)
 
$
6,909

 
$
(24,326
)
Reclassification adjustment for available for sale securities gains included in net income (1)
(37
)
 
7

 
(30
)
Amortization of net unrealized losses on available for sale securities transferred to HTM (2)
2,694

 
(596
)
 
2,098

Non-credit related unrealized loss on other-than-temporarily impaired debt securities
285

 
(63
)
 
222

Unrecognized pension and postretirement income
1,798

 
(398
)
 
1,400

Amortization of net unrecognized pension and postretirement income (4)
2,116

 
(468
)
 
1,648

Total Other Comprehensive Loss
$
(24,379
)
 
$
5,391

 
$
(18,988
)
2017:
 
 
 
 
 
Unrealized gain on AFS securities
$
16,051

 
$
(5,619
)
 
$
10,432

Reclassification adjustment for available for sale securities gains included in net income (1)
(9,071
)
 
3,177

 
(5,894
)
Non-credit related unrealized loss on other-than-temporarily impaired debt securities
285

 
(100
)
 
185

Unrecognized pension and postretirement cost
(937
)
 
328

 
(609
)
Amortization of net unrecognized pension and postretirement income (4)
2,092

 
(731
)
 
1,361

Total Other Comprehensive Income
$
8,420

 
$
(2,945
)
 
$
5,475



(1)
Amounts reclassified out of accumulated other comprehensive income (loss). Before-tax amounts included in "Investment securities gains, net" on the consolidated statements of income. See "Note 3 - Investment Securities," for additional details.
(2)
Amounts reclassified out of accumulated other comprehensive income (loss). Before-tax amounts included as a reduction to "Interest Income" on the consolidated statements of income. See "Note 3, - Investment Securities," for additional details.
(3)
Before-Tax amount includes a $3.7 million reclassification of unrealized loss related to the early adoption of ASU 2019-04, as disclosed in "Note 1 - Summary of Significant Accounting Policies" from "Amortization of net unrealized losses on available for sale securities transferred to HTM" to "Unrealized gain on securities."
(4)
Amounts reclassified out of accumulated other comprehensive income (loss). Before-tax amounts included in "Salaries and employee benefits" on the consolidated statements of income. See "Note 13 - Employee Benefit Plans," for additional details.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31: 
 
Unrealized Gain (Losses) on Investment Securities Not Other-Than-Temporarily Impaired
 
Unrealized Non-Credit Gains (Losses) on Other-Than-Temporarily Impaired Debt Securities
 
Unrecognized Pension and Postretirement Plan Income (Cost)
 
Total
 
(in thousands)
Balance as of December 31, 2016
$
(23,047
)
 
$
273

 
$
(15,675
)
 
$
(38,449
)
Other comprehensive income before reclassifications
10,432

 
185

 
(609
)
 
10,008

Amounts reclassified from accumulated other comprehensive income (loss)
(5,894
)
 
—

 
1,361

 
(4,533
)
Balance as of December 31, 2017
(18,509
)
 
458

 
(14,923
)
 
(32,974
)
Other comprehensive loss before reclassifications
(24,326
)
 
222

 
1,400

 
(22,704
)
Amounts reclassified from accumulated other comprehensive income (loss)
(30
)
 
—

 
1,648

 
1,618

Amortization of net unrealized losses on AFS transferred to HTM
2,098

 
—

 
—

 
2,098

Reclassification of stranded tax effects
(3,887
)
 
—

 
(3,214
)
 
(7,101
)
Balance as of December 31, 2018
(44,654
)
 
680

 
(15,089
)
 
(59,063
)
Other comprehensive gain before reclassifications
56,919

 
(680
)
 
(937
)
 
55,302

Amounts reclassified from accumulated other comprehensive (loss) income
(3,686
)
 
—

 
1,025

 
(2,661
)
Amortization of net unrealized losses on AFS securities transferred to HTM
6,285

 
—

 
—

 
6,285

Balance as of December 31, 2019
$
14,864

 
$
—

 
$
(15,001
)
 
$
(137
)