Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Components of Accumulated Other Comprehensive Income (Loss)



	Available		HTM Securities				Loss on
	for Sale		Transferred		Employee		Effective Cash
(in thousands)	Securities		from AFS		Benefit Plans		Flow Hedges		Total
Balance, December 31, 2014	$	18,001	$	(19,074)	$	(48,626)	$	(375)	$	(50,074)
Other comprehensive income before income taxes:
Net change in unrealized gain		4,421		—		—		992		5,413
Reclassification of net losses realized and included in earnings		(165)		—		770		—		605
Amortization of unrealized net loss on securities transferred to HTM		—		647		—		—		647
Income tax expense		1,481		238		280		361		2,360
Balance, March 31, 2015	$	20,776	$	(18,665)	$	(48,136)	$	256	$	(45,769)
Balance, December 31, 2015	$	4,268	$	(16,795)	$	(67,890)	$	(178)	$	(80,595)
Other comprehensive income before income taxes:
Net change in unrealized gain		26,882		—		—		2,090		28,972
Reclassification of net (gain) losses realized and included in earnings		(346)		—		1,437		—		1,091
Amortization of unrealized net loss on securities transferred to HTM		—		798		—		—		798
Income tax expense		9,751		292		525		764		11,332
Balance, March 31, 2016	$	21,053	$	(16,289)	$	(66,978)	$	1,148	$	(61,066)

Line Items in Consolidated Income Statements Affected by Amounts Reclassified from Accumulated Other Comprehensive Income



	Three Months Ended
Amount reclassified from AOCI (a)	March 31,				Affected line item on
(in thousands)		2016		2015	the income statement
Gain on sale of AFS securities	$	346	$	165	Securities gains (losses)
Tax effect		(127)		(58)	Income taxes
Net of tax		219		107	Net income
Amortization of unrealized net loss on securities transferred to HTM		(798)		(647)	Interest income
Tax effect		292		238	Income taxes
Net of tax		(506)		(409)	Net income
Amortization of defined benefit pension and post-retirement items		(1,437)		(770)	Employee benefits expense (b)
Tax effect		525		280	Income taxes
Net of tax		(912)		(490)	Net income
Total reclassifications, net of tax	$	(1,199)	$	(792)	Net income

(a)

Amounts in parenthesis indicate reduction in net income.

(b)

These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 11 for additional details).