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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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 March 31, 2014
$
(13,634
)
 
$
(779
)

$
(8,968
)
 
$
(10,283
)
 
$
(33,664
)
Other comprehensive income before reclassifications
7,123

 
164


(4,862
)
 
—

 
2,425

Amounts reclassified from other comprehensive income
(4
)
 
(64
)

973

 
37

 
942

Other comprehensive income, net
7,119

 
100

 
(3,889
)
 
37

 
3,367

Balance at June 30, 2014
$
(6,515
)
 
$
(679
)
 
$
(12,857
)
 
$
(10,246
)
 
$
(30,297
)
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2013
$
(20,855
)
 
$
(806
)
 
$
(6,271
)
 
$
(10,320
)
 
$
(38,252
)
Other comprehensive income before reclassifications
14,339

 
306

 
(8,524
)
 
—

 
6,121

Amounts reclassified from other comprehensive income
1

 
(179
)
 
1,938

 
74

 
1,834

Other comprehensive income, net
14,340

 
127

 
(6,586
)
 
74

 
7,955

Balance at June 30, 2014
$
(6,515
)
 
$
(679
)
 
$
(12,857
)
 
$
(10,246
)
 
$
(30,297
)

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 and six months ended June 30, 2014 and 2013. 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
Three Months Ended June 30,
 
Six Months Ended
June 30,
 
 
Components of Accumulated Other Comprehensive Loss
2014
 
2013
 
2014
 
2013
 
Income Statement
Line Item
 
(in thousands)
 
 
Unrealized gains (losses) on AFS securities before tax
$
7

 
$
41

 
$
(1
)
 
$
3,999

 
Gains (losses) on securities transactions, net
Tax effect
(3
)
 
(16
)
 
—

 
(1,675
)
 
 
Total net of tax
4

 
25

 
(1
)
 
2,324

 
 
Non-credit impairment losses on AFS securities before tax:
 
 
 
 
 
 
 
 
 
Accretion of credit loss impairment due to an increase in expected cash flows
110

 
75

 
308

 
188

 
Interest and dividends on investment securities (taxable)
Tax effect
(46
)
 
(32
)
 
(129
)
 
(79
)
 
 
Total net of tax
64

 
43

 
179

 
109

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
(1,664
)
 
(1,714
)
 
(3,312
)
 
(3,594
)
 
Interest expense
Tax effect
691

 
719

 
1,374

 
1,508

 
 
Total net of tax
(973
)
 
(995
)
 
(1,938
)
 
(2,086
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
Amortization of prior service cost
—

 
(241
)
 
—

 
(443
)
 
*
Amortization of net actuarial loss
(62
)
 
(811
)
 
(124
)
 
(1,605
)
 
*
Recognition of loss due to curtailment
—

 
(750
)
 
—

 
(750
)
 
*
Total before tax
(62
)
 
(1,802
)
 
(124
)
 
(2,798
)
 
 
Tax effect
25

 
730

 
50

 
1,133

 
 
Total net of tax
(37
)
 
(1,072
)
 
(74
)
 
(1,665
)
 
 
Total reclassifications, net of tax
$
(942
)
 
$
(1,999
)
 
$
(1,834
)
 
$
(1,318
)
 
 
 
 
 
 
 
 
 
 
 
 
 
*
These accumulated other comprehensive loss components are included in the computation of net periodic pension cost.