Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 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 (loss) gain		(13,962)		—		—		1,005		(12,957)
Reclassification of net (gain) losses realized and included in earnings		(165)		—		1,571		—		1,406
Valuation adjustment for employee benefit plans		—		—		(5,922)		—		(5,922)
Amortization of unrealized net loss on securities transferred to HTM		—		1,586		—		—		1,586
Income tax (benefit) expense		(5,249)		580		(1,574)		366		(5,877)
Balance, June 30, 2015	$	9,123	$	(18,068)	$	(51,403)	$	264	$	(60,084)
Balance, December 31, 2015	$	4,268	$	(16,795)	$	(67,890)	$	(178)	$	(80,595)
Other comprehensive income before income taxes:
Net change in unrealized gain		41,990		—		—		3,611		45,601
Reclassification of net (gain) losses realized and included in earnings		(1,114)		—		2,916		—		1,802
Amortization of unrealized net loss on securities transferred to HTM		—		1,628		—		—		1,628
Income tax expense		14,970		625		1,066		1,316		17,977
Balance, June 30, 2016	$	30,174	$	(15,792)	$	(66,040)	$	2,117	$	(49,541)

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



	Six Months Ended

Amount reclassified from AOCI (a)	June 30,				Affected line item on

(in thousands)		2016		2015	the income statement
Gain on sale of AFS securities	$	1,114	$	165	Securities transactions
Tax effect		(390)		(58)	Income taxes
Net of tax		724		107	Net income
Amortization of unrealized net loss on securities transferred to HTM		(1,628)		(1,586)	Interest income
Tax effect		625		580	Income taxes
Net of tax		(1,003)		(1,006)	Net income
Amortization of defined benefit pension and post-retirement items		(2,916)		(1,571)	Employee benefits expense (b)
Tax effect		1,066		550	Income taxes
Net of tax		(1,850)		(1,021)	Net income
Total reclassifications, net of tax	$	(2,129)	$	(1,920)	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).