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Other Comprehensive Income
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Other Comprehensive Income
Other Comprehensive Income
(In Thousands)
Changes in the components of other comprehensive income (loss) were as follows for the periods presented:
 
 
Pre-Tax
 
Tax Expense
(Benefit)
 
Net of Tax
Three months ended June 30, 2016
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding gains on securities
$
1,326

 
$
514

 
$
812

Reclassification adjustment for gains realized in net income
(1,257
)
 
(485
)
 
(772
)
Amortization of unrealized holding gains on securities transferred to the held to maturity category
(28
)
 
(10
)
 
(18
)
Total securities available for sale
41

 
19

 
22

Derivative instruments:
 
 
 
 
 
Unrealized holding losses on derivative instruments
(704
)
 
(276
)
 
(428
)
Total derivative instruments
(704
)
 
(276
)
 
(428
)
Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Amortization of net actuarial loss recognized in net periodic pension cost
119

 
39

 
80

Total defined benefit pension and post-retirement benefit plans
119

 
39

 
80

Total other comprehensive loss
$
(544
)
 
$
(218
)
 
$
(326
)
Three months ended June 30, 2015
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding losses on securities
$
(6,212
)
 
$
(2,376
)
 
$
(3,836
)
Reclassification adjustment for gains realized in net income
(96
)
 
(36
)
 
(60
)
Amortization of unrealized holding gains on securities transferred to the held to maturity category
(46
)
 
(18
)
 
(28
)
Total securities available for sale
(6,354
)
 
(2,430
)
 
(3,924
)
Derivative instruments:
 
 
 
 
 
Unrealized holding gains on derivative instruments
1,399

 
536

 
863

Total derivative instruments
1,399

 
536

 
863

Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Amortization of net actuarial loss recognized in net periodic pension cost
109

 
41

 
68

Total defined benefit pension and post-retirement benefit plans
109

 
41

 
68

Total other comprehensive loss
$
(4,846
)
 
$
(1,853
)
 
$
(2,993
)
 
Pre-Tax
 
Tax Expense
(Benefit)
 
Net of Tax
Six months ended June 30, 2016
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding gains on securities
$
6,315

 
$
2,440

 
$
3,875

Reclassification adjustment for gains realized in net income
(1,186
)
 
(458
)
 
(728
)
Amortization of unrealized holding gains on securities transferred to the held to maturity category
(61
)
 
(23
)
 
(38
)
Total securities available for sale
5,068

 
1,959

 
3,109

Derivative instruments:
 
 
 
 
 
Unrealized holding losses on derivative instruments
(2,766
)
 
(1,072
)
 
(1,694
)
Total derivative instruments
(2,766
)
 
(1,072
)
 
(1,694
)
Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Amortization of net actuarial loss recognized in net periodic pension cost
236

 
84

 
152

Total defined benefit pension and post-retirement benefit plans
236

 
84

 
152

Total other comprehensive income
$
2,538

 
$
971

 
$
1,567

Six months ended June 30, 2015
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding losses on securities
$
(1,963
)
 
$
(751
)
 
$
(1,212
)
Reclassification adjustment for gains realized in net income
(96
)
 
(36
)
 
(60
)
Amortization of unrealized holding gains on securities transferred to the held to maturity category
(97
)
 
(37
)
 
(60
)
Total securities available for sale
(2,156
)
 
(824
)
 
(1,332
)
Derivative instruments:
 
 
 
 
 
Unrealized holding gains on derivative instruments
315

 
121

 
194

Total derivative instruments
315

 
121

 
194

Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Amortization of net actuarial loss recognized in net periodic pension cost
202

 
77

 
125

Total defined benefit pension and post-retirement benefit plans
202

 
77

 
125

Total other comprehensive loss
$
(1,639
)
 
$
(626
)
 
$
(1,013
)


The accumulated balances for each component of other comprehensive income (loss), net of tax, were as follows as of the dates presented:
 
 
June 30,
2016
 
December 31, 2015
Unrealized gains on securities
$
19,593

 
$
16,500

Non-credit related portion of other-than-temporary impairment on securities
(16,719
)
 
(16,735
)
Unrealized losses on derivative instruments
(3,576
)
 
(1,882
)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations
(7,266
)
 
(7,418
)
Total accumulated other comprehensive loss
$
(7,968
)
 
$
(9,535
)