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Accumulated Other Comprehensive Loss
9 Months Ended
Sep. 30, 2019
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 nine months ended September 30, 2019: 

 
Components of Accumulated Other Comprehensive Loss
 
Total
Accumulated
Other
Comprehensive
Loss
 
Unrealized Gains
and Losses on
Available for Sale
(AFS) Securities
 
Unrealized Gains
and (Losses) on
Derivatives
 
Defined
Benefit
Pension Plan
 
 
(in thousands)
Balance at June 30, 2019
$
1,214

 
$
(4,614
)
 
$
(31,731
)
 
$
(35,131
)
Other comprehensive income before reclassification
8,135

 
76

 

 
8,211

Amounts reclassified from other comprehensive income
72

 
324

 
56

 
452

Other comprehensive income, net
8,207

 
400

 
56

 
8,663

Balance at September 30, 2019
$
9,421

 
$
(4,214
)
 
$
(31,675
)
 
$
(26,468
)


 
Components of Accumulated Other Comprehensive Loss
 
Total
Accumulated
Other
Comprehensive
Loss
 
Unrealized Gains
and Losses on
Available for Sale
(AFS) Securities
 
Unrealized Gains
and (Losses) on
Derivatives
 
Defined
Benefit
Pension Plan
 
 
(in thousands)
Balance at December 31, 2018
$
(33,559
)
 
$
(4,031
)
 
$
(31,841
)
 
$
(69,431
)
Other comprehensive income (loss) before reclassification
42,890

 
(989
)
 

 
41,901

Amounts reclassified from other comprehensive income (loss)
90

 
806

 
166

 
1,062

Other comprehensive income (loss), net
42,980

 
(183
)
 
166

 
42,963

Balance at September 30, 2019
$
9,421

 
$
(4,214
)
 
$
(31,675
)
 
$
(26,468
)

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 nine months ended September 30, 2019 and 2018:
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended September 30,
 
 
Components of Accumulated Other Comprehensive Loss
 
2019
 
2018
 
2019
 
2018
 
Income Statement Line Item
 
 
(in thousands)
 
 
Unrealized gains (losses) on AFS securities before tax
 
$
(93
)
 
$
(86
)
 
$
(114
)
 
$
(881
)
 
Losses on securities transactions, net
Tax effect
 
21

 
29

 
24

 
250

 
 
Total net of tax
 
(72
)
 
(57
)
 
(90
)
 
(631
)
 
 
Unrealized losses on derivatives (cash flow hedges) before tax
 
(453
)
 
(660
)
 
(1,126
)
 
(2,977
)
 
Interest expense
Tax effect
 
129

 
188

 
320

 
850

 
 
Total net of tax
 
(324
)
 
(472
)
 
(806
)
 
(2,127
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
 
Amortization of net loss
 
(79
)
 
(157
)
 
(235
)
 
(471
)
 
*
Tax effect
 
23

 
44

 
69

 
134

 
 
Total net of tax
 
(56
)
 
(113
)
 
(166
)
 
(337
)
 
 
Total reclassifications, net of tax
 
$
(452
)
 
$
(642
)
 
$
(1,062
)
 
$
(3,095
)
 
 
 

*
Amortization of net loss is included in the computation of net periodic pension cost recognized within other non-interest expense.