Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 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 (loss)		21,026		—		—		(1,232)		19,794
Reclassification of net loss realized and included in earnings		—		—		4,144		335		4,479
Valuation adjustment for pension plan amendment		—		—		17,315		—		17,315
Other valuation adjustments for employee benefit plan		—		—		(9,185)		—		(9,185)
Amortization of unrealized net loss on securities transferred to HTM		—		2,726		—		—		2,726
Income tax expense (benefit)		7,649		1,012		4,416		(329)		12,748
Balance, September 30, 2017	$	(15,302)	$	(12,678)	$	(64,643)	$	(5,528)	$	(98,151)
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 losses		(92,477)		—		—		(18,418)		(110,895)
Reclassification of net losses realized and included in earnings		—		—		3,719		2,841		6,560
Other valuation adjustments for employee benefit plan		—		—		(9,039)		—		(9,039)
Amortization of unrealized net loss on securities transferred to HTM		—		2,427		—		—		2,427
Income tax expense (benefit)		(20,985)		550		(1,205)		(3,530)		(25,170)
Balance, September 30, 2018	$	(101,004)	$	(12,708)	$	(83,193)	$	(23,274)	$	(220,179)

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



	Nine Months Ended
Amount reclassified from AOCI (a)	September 30,				Affected line item on
(in thousands)		2018		2017	the statement of income
Amortization of unrealized net loss on securities transferred to HTM	$	(2,427)	$	(2,726)	Interest income
Tax effect		550		1,012	Income taxes
Net of tax		(1,877)		(1,714)	Net income
Amortization of defined benefit pension and post-retirement items		(3,719)		(4,144)	Other noninterest expense (b)
Tax effect		842		1,491	Income taxes
Net of tax		(2,877)		(2,653)	Net income
Reclassification of unrealized gain on cash flow hedges		1,264		—	Interest income
Tax effect		(286)		—	Income taxes
Net of tax		978		—	Net income
Amortization of loss on terminated cash flow hedges		(4,105)		(335)	Interest income
Tax effect		930		123	Income taxes
Net of tax		(3,175)		(212)	Net income
Total reclassifications, net of tax	$	(6,951)	$	(4,579)	Net income

(a)

Amounts in parentheses 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).