Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2019

Comprehensive Income [Abstract]

Components Of Other Comprehensive Income (Loss) And Related Tax Effects

	Nine Months Ended				Three Months Ended
	September 30,				September 30,
(in thousands)	2019		2018		2019		2018
Change in net unrealized holding gains (losses) on
available-for-sale securities:
Change arising during the period	$	16,479	$	(22,059)	$	848	$	(7,231)
Reclassification adjustment for net loss
included in net income (1)		—		4,960		—		4,960
		16,479		(17,099)		848		(2,271)
Tax effect		4,941		(5,166)		254		(686)
		11,538		(11,933)		594		(1,585)
Change in funded status of pension plan:
Amortization of net actuarial loss included in net income (2)		264		—		88		—
Tax effect		118		—		26		—
		146		—		62		—
Change in net unrealized gains (loss) on derivative instruments:
Change arising during the period		(4,757)		(34)		(516)		462
Reclassification adjustment for net interest expense
included in net income (3)		423		315		240		225
		(4,334)		281		(276)		687
Tax effect		(1,295)		85		(83)		207
		(3,039)		196		(193)		480
Other comprehensive income (loss)	$	8,645	$	(11,737)	$	463	$	(1,105)

(1) Represents net realized loss arising from the sale of available-for-sale securities. The net realized loss is included in the consolidated statements of income in the line item, “Net loss on sales of securities.” See “Note 4 – Investment Securities” for the income tax benefit related to the net realized loss, which is included in the consolidated statements of income in the line item, “Income tax expense.”

(2) Represents the amortization of net actuarial loss relating to the Corporation’s defined benefit pension plan. This item is a component of net periodic pension cost (see “Note 7 – Defined Benefit Pension Plan”) and included in the consolidated statements of income in the line item, “Other noninterest income.”

(3) Represents the net interest expense recorded on derivative transactions and included in the consolidated statements of income under “Interest expense.”

Components Of Accumulated Other Comprehensive Income (Loss), Net Of Tax

			Current
	Balance		Period		Balance
(in thousands)	12/31/18		Change		9/30/19
Unrealized holding gains (losses) on available-for-sale securities	$	(2,955)	$	11,538	$	8,583
Unrealized actuarial losses on pension plan		(5,696)		146		(5,550)
Unrealized loss on derivative instruments		(789)		(3,039)		(3,828)
Accumulated other comprehensive loss, net of tax	$	(9,440)	$	8,645	$	(795)