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Accumulated Other Comprehensive Loss (Tables)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Schedule of 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, 2016. 
 
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, 2015
$
(5,336
)
 
$
(520
)
 
$
(17,644
)
 
$
(22,195
)
 
$
(45,695
)
Other comprehensive income (loss) before reclassifications
8,283

 
(59
)
 
(6,552
)
 
—

 
1,672

Amounts reclassified from other comprehensive income (loss)
(170
)
 
(286
)
 
1,741

 
43

 
1,328

Other comprehensive income (loss), net
8,113

 
(345
)
 
(4,811
)
 
43

 
3,000

Balance at March 31, 2016
$
2,777

 
$
(865
)
 
$
(22,455
)
 
$
(22,152
)
 
$
(42,695
)
Reclassification out of Accumulated Other Comprehensive Income
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 months ended March 31, 2016 and 2015. 
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
March 31,
 
 
Components of Accumulated Other Comprehensive Loss
 
2016
 
2015
 
Income Statement
Line Item
 
 
(in thousands)
 
 
Unrealized gains on AFS securities before tax
 
$
271

 
$
2,416

 
Gains on securities transactions, net
Tax effect
 
(101
)
 
(1,007
)
 
 
Total net of tax
 
170

 
1,409

 
 
Non-credit impairment losses on AFS securities before tax:
 
 
 
 
 
 
Accretion of credit loss impairment due to an increase in expected cash flows
 
489

 
144

 
Interest and dividends on  investment securities (taxable)
Tax effect
 
(203
)
 
(60
)
 
 
Total net of tax
 
286

 
84

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(2,971
)
 
(1,629
)
 
Interest expense
Tax effect
 
1,230

 
678

 
 
Total net of tax
 
(1,741
)
 
(951
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
Amortization of net loss
 
(72
)
 
(205
)
 
*
Tax effect
 
29

 
86

 
 
Total net of tax
 
(43
)
 
(119
)
 
 
Total reclassifications, net of tax
 
$
(1,328
)
 
$
423

 
 
 
*
Amortization of net loss is included in the computation of net periodic pension cost.