Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2017

Components of Accumulated Other Comprehensive Income (Loss)



	Available		HTM Securities
	for Sale		Transferred		Employee		Cash
(in thousands)	Securities		from AFS		Benefit Plans		Flow Hedges		Total
Balance, December 31, 2015	$	4,268	$	(16,795)	$	(67,890)	$	(178)	$	(80,595)
Other comprehensive income (loss) before income taxes:
Net change in unrealized gain		41,990		—		—		3,611		45,601
Reclassification of net (gain) loss 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)
Balance, December 31, 2016	$	(28,679)	$	(14,392)	$	(72,501)	$	(4,960)	$	(120,532)
Other comprehensive income (loss) before income taxes:
Net change in unrealized gain (loss)		14,687		—		—		(842)		13,845
Reclassification of net losses realized and included in earnings		—		—		3,105		—		3,105
Valuation adjustment for pension plan amendment (a)		—		—		17,315		—		17,315
Other valuation adjustments for employee benefit plan		—		—		(10,782)		—		(10,782)
Amortization of unrealized net loss on securities transferred to HTM		—		1,749		—		—		1,749
Income tax expense (benefit)		5,333		657		3,458		(309)		9,139
Balance, June 30, 2017	$	(19,325)	$	(13,300)	$	(66,321)	$	(5,493)	$	(104,439)

(a)

For further discussion on the pension plan amendment, see Note 11 – Retirement Plans.

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)		2017		2016	the income statement
Gain on sale of AFS securities	$	—	$	1,114	Securities transactions
Tax effect		—		(390)	Income taxes
Net of tax		—		724	Net income
Amortization of unrealized net loss on securities transferred to HTM		(1,749)		(1,628)	Interest income
Tax effect		657		625	Income taxes
Net of tax		(1,092)		(1,003)	Net income
Amortization of defined benefit pension and post-retirement items		(3,105)		(2,916)	Employee benefits expense (b)
Tax effect		1,114		1,066	Income taxes
Net of tax		(1,991)		(1,850)	Net income
Total reclassifications, net of tax	$	(3,083)	$	(2,129)	Net income

(a)

Amounts in parenthesis indicate reduction in net income.

(b)

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