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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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 March 31, 2016
$
2,777

 
$
(865
)
 
$
(22,455
)
 
$
(22,152
)
 
$
(42,695
)
Other comprehensive (loss) income before reclassifications
(635
)
 
301

 
(2,122
)
 
—

 
(2,456
)
Amounts reclassified from other comprehensive (loss) income
2

 
—

 
2,107

 
43

 
2,152

Other comprehensive (loss) income, net
(633
)
 
301

 
(15
)
 
43

 
(304
)
Balance at June 30, 2016
$
2,144

 
$
(564
)
 
$
(22,470
)
 
$
(22,109
)
 
$
(42,999
)

 
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
7,648

 
242

 
(8,674
)
 
—

 
(784
)
Amounts reclassified from other comprehensive income (loss)
(168
)
 
(286
)
 
3,848

 
86

 
3,480

Other comprehensive income (loss), net
7,480

 
(44
)
 
(4,826
)
 
86

 
2,696

Balance at June 30, 2016
$
2,144

 
$
(564
)
 
$
(22,470
)
 
$
(22,109
)
 
$
(42,999
)
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 and six months ended June 30, 2016 and 2015. 
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
Components of Accumulated Other Comprehensive Loss
 
2016
 
2015
 
2016
 
2015
 
Income Statement
Line Item
 
 
(in thousands)
 
 
Unrealized gains (losses) on AFS securities before tax
 
$
(3
)
 
$
(92
)
 
$
268

 
$
2,324

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

 
37

 
(100
)
 
(970
)
 
 
Total net of tax
 
(2
)
 
(55
)
 
168

 
1,354

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

 
34

 
489

 
178

 
Interest and dividends on  investment securities (taxable)
Tax effect
 
—

 
(14
)
 
(203
)
 
(74
)
 
 
Total net of tax
 
—

 
20

 
286

 
104

 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(3,597
)
 
(1,699
)
 
(6,568
)
 
(3,328
)
 
Interest expense
Tax effect
 
1,490

 
708

 
2,720

 
1,386

 
 
Total net of tax
 
(2,107
)
 
(991
)
 
(3,848
)
 
(1,942
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
 
Amortization of net loss
 
(72
)
 
(205
)
 
(144
)
 
(410
)
 
*
Tax effect
 
29

 
84

 
58

 
170

 
 
Total net of tax
 
(43
)
 
(121
)
 
(86
)
 
(240
)
 
 
Total reclassifications, net of tax
 
$
(2,152
)
 
$
(1,147
)
 
$
(3,480
)
 
$
(724
)
 
 
 
*
Amortization of net loss is included in the computation of net periodic pension cost.