Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

(In Thousands)

Changes in the components of other comprehensive income (loss), net of tax, were as follows for the periods presented:

	Pre-Tax			Tax Expense (Benefit)			Net of Tax
Three months ended June 30, 2019
Securities available for sale:
Unrealized holding gains on securities	$	12,599		$	3,206		$	9,393
Reclassification adjustment for losses realized in net income	8			2			6
Total securities available for sale	12,607			3,208			9,399
Derivative instruments:
Unrealized holding losses on derivative instruments	(2,067		)	(526		)	(1,541		)
Total derivative instruments	(2,067		)	(526		)	(1,541		)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	137			35			102
Total defined benefit pension and post-retirement benefit plans	137			35			102
Total other comprehensive income	$	10,677		$	2,717		$	7,960
Three months ended June 30, 2018
Securities available for sale:
Unrealized holding losses on securities	$	(4,025	)	$	(1,025	)	$	(3,000	)
Total securities available for sale	(4,025		)	(1,025		)	(3,000		)
Derivative instruments:
Unrealized holding gains on derivative instruments	519			132			387
Total derivative instruments	519			132			387
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	77			20			57
Total defined benefit pension and post-retirement benefit plans	77			20			57
Total other comprehensive loss	$	(3,429	)	$	(873	)	$	(2,556	)

	Pre-Tax			Tax Expense (Benefit)			Net of Tax
Six months ended June 30, 2019
Securities available for sale:
Unrealized holding gains on securities	$	27,780		$	7,070		$	20,710
Reclassification adjustment for gains realized in net income	(5		)	(1		)	(4		)
Total securities available for sale	27,775			7,069			20,706
Derivative instruments:
Unrealized holding losses on derivative instruments	(3,294		)	(838		)	(2,456		)
Total derivative instruments	(3,294		)	(838		)	(2,456		)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	209			53			156
Total defined benefit pension and post-retirement benefit plans	209			53			156
Total other comprehensive income	$	24,690		$	6,284		$	18,406
Six months ended June 30, 2018
Securities available for sale:
Unrealized holding losses on securities	$	(14,634	)	$	(3,725	)	$	(10,909	)
Total securities available for sale	(14,634		)	(3,725		)	(10,909		)
Derivative instruments:
Unrealized holding gains on derivative instruments	1,670			425			1,245
Total derivative instruments	1,670			425			1,245
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	164			41			123
Total defined benefit pension and post-retirement benefit plans	164			41			123
Total other comprehensive loss	$	(12,800	)	$	(3,259	)	$	(9,541	)

The accumulated balances for each component of other comprehensive income (loss), net of tax, were as follows as of the dates presented:

	June 30, 2019			December 31, 2018
Unrealized gains on securities	$	21,772		$	1,066
Non-credit related portion of other-than-temporary impairment on securities	(11,319		)	(11,319		)
Unrealized losses on derivative instruments	(3,086		)	(630		)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(6,857		)	(7,013		)
Total accumulated other comprehensive income (loss)	$	510		$	(17,896	)