Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2018

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, 2016	$	(28,679)	$	(14,392)	$	(72,501)	$	(4,960)	$	(120,532)
Other comprehensive income (loss) before income taxes:
Net change in unrealized gain		2,319		—		—		(1,135)		1,184
Reclassification of net (gain) loss realized and included in earnings		—		—		1,387		—		1,387
Amortization of unrealized net loss on securities transferred to HTM		—		650		—		—		650
Income tax expense (benefit)		843		266		504		(412)		1,201
Balance, March 31, 2017	$	(27,203)	$	(14,008)	$	(71,618)	$	(5,683)	$	(118,512)
Balance, December 31, 2017	$	(29,512)	$	(14,585)	$	(79,078)	$	(11,227)	$	(134,402)
Other comprehensive income (loss) before income taxes:
Net change in unrealized gain (loss)		(55,114)		—		—		(7,130)		(62,244)
Reclassification of net losses realized and included in earnings		—		—		1,177		619		1,796
Other valuation adjustments for employee benefit plan		—		—		—				—
Amortization of unrealized net loss on securities transferred to HTM		—		755		—		—		755
Income tax expense (benefit)		(12,508)		171		267		(1,476)		(13,546)
Balance, March 31, 2018	$	(72,118)	$	(14,001)	$	(78,168)	$	(16,262)	$	(180,549)

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)		2018		2017	the statement of income
Amortization of unrealized net loss on securities transferred to HTM		(755)		(650)	Interest income
Tax effect		171		266	Income taxes
Net of tax		(584)		(384)	Net income
Amortization of defined benefit pension and post-retirement items		(1,177)		(1,387)	Other noninterest expense (b)
Tax effect		267		504	Income taxes
Net of tax		(910)		(883)	Net income
Reclassification of unrealized gain on cash flow hedges		336		—	Interest income
Tax effect		(76)		—	Income taxes
Net of tax		260			Net income
Amortization of loss on terminated cash flow hedges		(954)		—	Interest income
Tax effect		216		—	Income taxes
Net of tax		(738)		—	Net income
Total reclassifications, net of tax	$	(1,972)	$	(1,267)	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 12 – Retirement Plans for additional details).