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Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss

The following table presents the after-tax changes in the balances of each component of accumulated other comprehensive loss for the three months ended March 31, 2014. 
 
Components of Accumulated Other Comprehensive Loss
 
Total
Accumulated
Other
Comprehensive
Loss
 
Unrealized Gains
and (Losses) on
Available for Sale
(AFS) Securities
 
Non-credit
Impairment
Losses on
AFS Securities
 
Unrealized Gains
and (Losses) on
Derivatives
 
Defined
Benefit
Pension Plan
 
 
(in thousands)
Balance at December 31, 2013
$
(20,855
)
 
$
(806
)
 
$
(6,271
)
 
$
(10,320
)
 
$
(38,252
)
Other comprehensive income before reclassifications
7,216

 
142

 
(3,662
)
 
—

 
3,696

Amounts reclassified from other comprehensive income
5

 
(115
)
 
965

 
37

 
892

Other comprehensive income, net
7,221

 
27

 
(2,697
)
 
37

 
4,588

Balance at March 31, 2014
$
(13,634
)
 
$
(779
)
 
$
(8,968
)
 
$
(10,283
)
 
$
(33,664
)


The following table presents amounts reclassified from each component of accumulated other comprehensive loss on a gross and net of tax basis for the three ended March 31, 2014 and 2013. 
 
Amounts Reclassified from
Accumulated Other  Comprehensive Loss
 
Income Statement
Line Item
Components of Accumulated Other Comprehensive Loss
Three Months Ended  
 March 31, 2014
 
Three Months
Ended
March 31, 2013
 
 
(in thousands)
 
 
Unrealized (losses) gains on AFS securities before tax
$
(8
)
 
$
3,958

 
(Losses) gains on securities transactions, net
Tax effect
3

 
(1,659
)
 
 
Total net of tax
(5
)
 
2,299

 
 
Non-credit impairment losses on AFS securities before tax:
 
 
 
 
 
Accretion of credit loss impairment due to an increase in expected cash flows
198

 
113

 
Interest and dividends on investment
Tax effect
(83
)
 
(47
)
 
securities (taxable)
Total net of tax
115

 
66

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
(1,648
)
 
(1,880
)
 
Interest expense
Tax effect
683

 
789

 
 
Total net of tax
(965
)
 
(1,091
)
 
 
Defined benefit pension plan:
 
 
 
 
 
Amortization of prior service cost
—

 
(202
)
 
*
Amortization of net actuarial loss
(62
)
 
(794
)
 
*
Total before tax
(62
)
 
(996
)
 
 
Tax effect
25

 
418

 
 
Total net of tax
(37
)
 
(578
)
 
 
Total reclassifications, net of tax
$
(892
)
 
$
696

 
 
 
*
These accumulated other comprehensive loss components are included in the computation of net periodic pension cost.