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Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2020
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 March 31, 2020
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding gains on securities
$
22,389

 
$
5,695

 
$
16,694

Reclassification adjustment for losses realized in net income

 

 

Total securities available for sale
22,389

 
5,695

 
16,694

Derivative instruments:
 
 
 
 
 
Unrealized holding losses on derivative instruments
(4,028
)
 
(1,025
)
 
(3,003
)
Total derivative instruments
(4,028
)
 
(1,025
)
 
(3,003
)
Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Amortization of net actuarial loss recognized in net periodic pension cost
62

 
16

 
46

Total defined benefit pension and post-retirement benefit plans
62

 
16

 
46

Total other comprehensive income
$
18,423

 
$
4,686

 
$
13,737

Three months ended March 31, 2019
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding gains on securities
$
15,179


$
3,862


$
11,317

Reclassification adjustment for gains realized in net income
(13
)
 
(3
)
 
(10
)
Total securities available for sale
15,166

 
3,859

 
11,307

Derivative instruments:
 
 
 
 
 
Unrealized holding losses on derivative instruments
(1,228
)
 
(313
)
 
(915
)
Total derivative instruments
(1,228
)
 
(313
)
 
(915
)
Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Amortization of net actuarial loss recognized in net periodic pension cost
72

 
18

 
54

Total defined benefit pension and post-retirement benefit plans
72

 
18

 
54

Total other comprehensive income
$
14,010

 
$
3,564

 
$
10,446


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:
 
 
March 31,
2020
 
December 31, 2019
Unrealized gains on securities
$
38,257

 
$
21,563

Non-credit related portion of previously recorded other-than-temporary impairment on securities
(11,319
)
 
(11,319
)
Unrealized losses on derivative instruments
(5,851
)
 
(2,847
)
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations
(6,586
)
 
(6,633
)
Total accumulated other comprehensive income
$
14,501

 
$
764