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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2020
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, 2020: 
 
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 March 31, 2020
$
31,917

 
$
(4,348
)
 
$
(34,135
)
 
$
(6,566
)
Other comprehensive income (loss) before reclassification
3,013

 
(1,280
)
 
—

 
1,733

Amounts reclassified from other comprehensive income
31

 
(308
)
 
172

 
(105
)
Other comprehensive income (loss), net
3,044

 
(1,588
)
 
172

 
1,628

Balance at June 30, 2020
$
34,961

 
$
(5,936
)
 
$
(33,963
)
 
$
(4,938
)

 
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, 2019
$
5,822

 
$
(3,729
)
 
$
(34,307
)
 
$
(32,214
)
Other comprehensive income (loss) before reclassification
29,081

 
(2,337
)
 
—

 
26,744

Amounts reclassified from other comprehensive income
58

 
130

 
344

 
532

Other comprehensive income (loss), net
29,139

 
(2,207
)
 
344

 
27,276

Balance at June 30, 2020
$
34,961

 
$
(5,936
)
 
$
(33,963
)
 
$
(4,938
)
Reclassification from Each Component 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, 2020 and 2019:
 
 
Amounts Reclassified from
Accumulated Other Comprehensive Loss
 
 
 
 
Three Months Ended
June 30,
 
Six Months Ended June 30,
 
 
Components of Accumulated Other Comprehensive Loss
 
2020
 
2019
 
2020
 
2019
 
Income Statement Line Item
 
 
(in thousands)
 
 
Unrealized (losses) gains on AFS securities before tax
 
$
(41
)
 
$
11

 
$
(81
)
 
$
(21
)
 
(Losses) gains on securities transactions, net
Tax effect
 
10

 
(3
)
 
23

 
3

 
 
Total net of tax
 
(31
)
 
8

 
(58
)
 
(18
)
 
 
Unrealized gains (losses) on derivatives (cash flow hedges) before tax
 
438

 
(383
)
 
(177
)
 
(673
)
 
Interest expense
Tax effect
 
(130
)
 
109

 
47

 
191

 
 
Total net of tax
 
308

 
(274
)
 
(130
)
 
(482
)
 
 
Defined benefit pension plan:
 
 
 
 
 
 
 
 
 
 
Amortization of actuarial net loss
 
(229
)
 
(78
)
 
(465
)
 
(156
)
 
*
Tax effect
 
57

 
23

 
121

 
46

 
 
Total net of tax
 
(172
)
 
(55
)
 
(344
)
 
(110
)
 
 
Total reclassifications, net of tax
 
$
105

 
$
(321
)
 
$
(532
)
 
$
(610
)
 
 
 

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