Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Changes in the components of other comprehensive income (loss)

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 September 30, 2019
Securities available for sale:
Unrealized holding losses on securities	$	(84	)	$	(22	)	$	(62	)
Reclassification adjustment for losses realized in net income	2,516			640			1,876
Total securities available for sale	2,432			618			1,814
Derivative instruments:
Unrealized holding losses on derivative instruments	(949		)	(241		)	(708		)
Total derivative instruments	(949		)	(241		)	(708		)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	104			26			78
Total defined benefit pension and post-retirement benefit plans	104			26			78
Total other comprehensive income	$	1,587		$	403		$	1,184
Three months ended September 30, 2018
Securities available for sale:
Unrealized holding losses on securities	$	(6,548	)	$	(1,666	)	$	(4,882	)
Reclassification adjustment for losses realized in net income	15			4			11
Total securities available for sale	(6,533		)	(1,662		)	(4,871		)
Derivative instruments:
Unrealized holding gains on derivative instruments	857			218			639
Total derivative instruments	857			218			639
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	82			21			61
Total defined benefit pension and post-retirement benefit plans	82			21			61
Total other comprehensive loss	$	(5,594	)	$	(1,423	)	$	(4,171	)

	Pre-Tax			Tax Expense (Benefit)			Net of Tax
Nine months ended September 30, 2019
Securities available for sale:
Unrealized holding gains on securities	$	27,695		$	7,047		$	20,648
Reclassification adjustment for losses realized in net income	2,511			639			1,872
Total securities available for sale	30,206			7,686			22,520
Derivative instruments:
Unrealized holding losses on derivative instruments	(4,244		)	(1,080		)	(3,164		)
Total derivative instruments	(4,244		)	(1,080		)	(3,164		)
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	314			80			234
Total defined benefit pension and post-retirement benefit plans	314			80			234
Total other comprehensive income	$	26,276		$	6,686		$	19,590
Nine months ended September 30, 2018
Securities available for sale:
Unrealized holding losses on securities	$	(21,182	)	$	(5,391	)	$	(15,791	)
Reclassification adjustment for losses realized in net income	15			4			11
Total securities available for sale	(21,167		)	(5,387		)	(15,780		)
Derivative instruments:
Unrealized holding gains on derivative instruments	2,527			643			1,884
Total derivative instruments	2,527			643			1,884
Defined benefit pension and post-retirement benefit plans:
Amortization of net actuarial loss recognized in net periodic pension cost	246			62			184
Total defined benefit pension and post-retirement benefit plans	246			62			184
Total other comprehensive loss	$	(18,394	)	$	(4,682	)	$	(13,712	)

Accumulated balances for each component of other comprehensive income (loss), net of tax

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

	September 30, 2019			December 31, 2018
Unrealized gains on securities	$	23,586		$	1,066
Non-credit related portion of other-than-temporary impairment on securities	(11,319		)	(11,319		)
Unrealized losses on derivative instruments	(3,794		)	(630		)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations	(6,779		)	(7,013		)
Total accumulated other comprehensive income (loss)	$	1,694		$	(17,896	)