Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2017

Components of Accumulated Other Comprehensive Income (Loss)



(in thousands)	Available for Sale Securities		HTM Securities Transferred from AFS		Employee Benefit Plans		Cash Flow Hedges		Total
Balance, December 31, 2014	$	18,001	$	(19,074)	$	(48,626)	$	(375)	$	(50,074)
Net change in unrealized gain (loss)		(21,581)		—		—		311		(21,270)
Reclassification of net loss realized
and included in earnings		(165)		—		3,175		—		3,010
Valuation adjustment for employee benefit plans		—		—		(33,971)		—		(33,971)
Amortization of unrealized net loss on securities
transferred to held to maturity		—		3,530		—		—		3,530
Income tax expense (benefit)		(8,013)		1,251		(11,532)		114		(18,180)
Balance, December 31, 2015	$	4,268	$	(16,795)	$	(67,890)	$	(178)	$	(80,595)
Net change in unrealized (loss) gain		(49,839)		—		—		(7,507)		(57,346)
Reclassification of net (gain) loss realized
and included in earnings		(1,912)		—		5,928		—		4,016
Valuation adjustment for employee benefit plans		—		—		(12,748)		—		(12,748)
Amortization of unrealized net loss on securities
transferred to held to maturity		—		3,830		—		—		3,830
Income tax expense (benefit)		(18,804)		1,427		(2,209)		(2,725)		(22,311)
Balance, December 31, 2016	$	(28,679)	$	(14,392)	$	(72,501)	$	(4,960)	$	(120,532)
Net change in unrealized loss		6,903		—		—		(7,328)		(425)
Reclassification of net (gain) loss realized
and included in earnings		—		—		5,201		600		5,801
Valuation adjustment for pension plan amendment		—		—		17,315		—		17,315
Other valuation adjustment for employee benefit plans		—		—		(10,929)		—		(10,929)
Amortization of unrealized net loss on securities
transferred to held to maturity		—		3,786		—		—		3,786
Income tax expense (benefit)		1,067		1,393		4,228		(2,600)		4,088
Reclassification of certain tax effects (a)		6,669		2,586		13,936		2,139		25,330
Balance, December 31, 2017	$	(29,512)	$	(14,585)	$	(79,078)	$	(11,227)	$	(134,402)

(a)

Represents the reclassification of stranded income tax effects to Retained Earnings upon adoption of ASU 2018-02. The adjustment is discussed in more detail later in this footnote.

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



Amount reclassified from AOCI (a)	Year Ended December 31,				Increase (decrease) in affected line
(in thousands)	2017		2016		item in the income statement
Gain on sale of AFS securities	$	—	$	1,912	Securities gains
Tax effect		—		(694)	Income taxes
Net of tax		—		1,218	Net income
Amortization of unrealized net loss on
securities transferred to HTM	$	(3,786)	$	(3,830)	Interest income
Tax effect		1,393		1,427	Income taxes
Net of tax		(2,393)		(2,403)	Net income
Amortization of defined benefit pension and
post-retirement items (b)	$	(5,201)	$	(5,928)	Employee benefits expense
Tax effect		1,898		1,920	Income taxes
Net of tax		(3,303)		(4,008)	Net income
Amortization of loss on terminated cash flow hedges		(600)		—	Interest expense
Tax effect		232		—	Income taxes
Net of tax		(368)		—	Net income
Total reclassifications, net of tax	$	(6,064)	$	(5,193)	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 footnote 16 for additional information).

Compliance with Regulatory Capital Requirements



	Actual			Required for Minimum Capital Adequacy			Required To Be Well Capitalized
($ in thousands)	Amount		Ratio %	Amount		Ratio %	Amount		Ratio %
At December 31, 2017
Tier 1 leverage capital
Company	$	2,214,723	8.43	$	1,051,025	4.00	$	1,313,781	5.00
Whitney Bank		2,282,485	8.72		1,046,644	4.00		1,308,305	5.00
Common equity tier 1 (to risk weighted assets)
Company	$	2,214,723	10.21	$	976,303	4.50	$	1,410,216	6.50
Whitney Bank		2,282,485	10.54		974,362	4.50		1,407,412	6.50
Tier 1 capital (to risk weighted assets)
Company	$	2,214,723	10.21	$	1,301,738	6.00	$	1,735,650	8.00
Whitney Bank		2,282,485	10.54		1,299,150	6.00		1,732,200	8.00
Total capital (to risk weighted assets)
Company	$	2,582,031	11.90	$	1,735,650	8.00	$	2,169,563	10.00
Whitney Bank		2,499,793	11.55		1,732,200	8.00		2,165,250	10.00
At December 31, 2016
Tier 1 leverage capital
Company	$	2,184,812	9.56	$	914,520	4.00	$	1,143,150	5.00
Whitney Bank		2,011,719	8.83		911,091	4.00		1,138,864	5.00
Common equity tier 1 (to risk weighted assets)
Company	$	2,184,812	11.26	$	873,192	4.50	$	1,261,277	6.50
Whitney Bank		2,011,719	10.39		871,361	4.50		1,258,633	6.50
Tier 1 capital (to risk weighted assets)
Company	$	2,184,812	11.26	$	1,164,256	6.00	$	1,552,341	8.00
Whitney Bank		2,011,719	10.39		1,161,815	6.00		1,549,086	8.00
Total capital (to risk weighted assets)
Company	$	2,564,230	13.21	$	1,552,341	8.00	$	1,940,427	10.00
Whitney Bank		2,241,137	11.57		1,549,086	8.00		1,936,358	10.00