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Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss After Tax
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, 2015. 
 
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, 2015
$
637

 
$
(360
)
 
$
(18,840
)
 
$
(26,099
)
 
$
(44,662
)
Other comprehensive income (loss) before reclassifications
(5,845
)
 
(31
)
 
1,131

 

 
(4,745
)
Amounts reclassified from other comprehensive income (loss)
55

 
(20
)
 
991

 
121

 
1,147

Other comprehensive income (loss), net
(5,790
)
 
(51
)
 
2,122

 
121

 
(3,598
)
Balance at June 30, 2015
$
(5,153
)
 
$
(411
)
 
$
(16,718
)
 
$
(25,978
)
 
$
(48,260
)
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
$
(1,890
)
 
$
145

 
$
(14,532
)
 
$
(26,218
)
 
$
(42,495
)
Other comprehensive income (loss) before reclassifications
(1,909
)
 
(452
)
 
(4,128
)
 

 
(6,489
)
Amounts reclassified from other comprehensive income (loss)
(1,354
)
 
(104
)
 
1,942

 
240

 
724

Other comprehensive income (loss), net
(3,263
)
 
(556
)
 
(2,186
)
 
240

 
(5,765
)
Balance at June 30, 2015
$
(5,153
)
 
$
(411
)
 
$
(16,718
)
 
$
(25,978
)
 
$
(48,260
)
Schedule of Accumulated Other Comprehensive Loss
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, 2015 and 2014
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
Components of Accumulated Other Comprehensive Loss
 
2015
 
2014
 
2015
 
2014
 
Income Statement
Line Item
 
 
(in thousands)
 
 
Unrealized gains (losses) on AFS securities before tax
 
$
(92
)
 
$
7

 
$
2,324

 
$
(1
)
 
(Losses) gains on securities transactions, net
Tax effect
 
37

 
(3
)
 
(970
)
 

 
 
Total net of tax
 
(55
)
 
4

 
1,354

 
(1
)
 
 
Non-credit impairment losses on AFS securities before tax:
 
 
 
 
 
 
 
 
 
 
Accretion of credit loss impairment due to an increase in expected cash flows
 
34

 
110

 
178

 
308

 
Interest and dividends on  investment securities (taxable)
Tax effect
 
(14
)
 
(46
)
 
(74
)
 
(129
)
 
 
Total net of tax
 
20

 
64

 
104

 
179

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(1,699
)
 
(1,664
)
 
(3,328
)
 
(3,312
)
 
Interest expense
Tax effect
 
708

 
691

 
1,386

 
1,374

 
 
Total net of tax
 
(991
)
 
(973
)
 
(1,942
)
 
(1,938
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
 
Amortization of net loss
 
(205
)
 
(62
)
 
(410
)
 
(124
)
 
*
Tax effect
 
84

 
25

 
170

 
50

 
 
Total net of tax
 
(121
)
 
(37
)
 
(240
)
 
(74
)
 
 
Total reclassifications, net of tax
 
$
(1,147
)
 
$
(942
)
 
$
(724
)
 
$
(1,834
)
 
 
 
*
Amortization of net loss is included in the computation of net periodic pension cost.