Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Components of Accumulated Other Comprehensive Income (Loss)

A roll forward of the components of AOCI is included as follows:


(in thousands)	Available for Sale Securities			HTM Securities Transferred from AFS			Employee Benefit Plans			Cash Flow Hedges			Total
Balance, December 31, 2012	$	38,854		$	19,090		$	(80,688	)	$	(181	)	$	(22,925	)
Net change in unrealized loss		(105,270	)		—			—			(4	)		(105,274	)
Transfer of net unrealized loss from AFS to HTM, net of cumulative tax effect		36,208			(36,208	)		—			—			—
Reclassification of net (gain) loss realized and included in earnings		(105	)		—			8,331			301			8,527
Valuation adjustment for employee benefit plans		—			—			82,653			—			82,653
Amortization of unrealized net gain on securities transferred to held to maturity		—			(6,371	)		—			—			(6,371	)
Income tax expense (benefit)		(38,576	)		(2,300	)		32,749			116			(8,011	)

Balance, December 31, 2013	$	8,263		$	(21,189	)	$	(22,453	)	$	—		$	(35,379	)
Net change in unrealized gain (loss)		15,413			—			—			(592	)		14,821
Reclassification of net loss realized and included in earnings		—			—			390			—			390
Valuation adjustment for employee benefit plans		—			—			(41,244	)		—			(41,244	)
Amortization of unrealized net loss on securities transferred to held to maturity		—			3,297			—			—			3,297
Income tax expense (benefit)		5,675			1,182			(14,681	)		(217	)		(8,041	)

Balance, December 31, 2014	$	18,001		$	(19,074	)	$	(48,626	)	$	(375	)	$	(50,074	)
Net change in unrealized (loss) gain		(21,581	)		—			—			311			(21,270	)
Reclassification of net (gain) 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	)

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

The following table shows the line items in the consolidated income statements affected by amounts reclassified from AOCI:


Year Ended December 31,
Amount reclassified from AOCI (a) (in thousands)	2015			2014			Increase (decrease) in affected line item in the income statement
Gain on sale of AFS securities	$	165		$	—		Securities gains (losses)
Tax effect		(58	)		—		Income taxes

Net of tax		107			—		Net income

Amortization of unrealized net loss on securities transferred to HTM	$	(3,530	)	$	(3,297	)	Interest income
Tax effect		1,236			1,154		Income taxes

Net of tax		(2,294	)		(2,143	)	Net income

Amortization of defined benefit pension and post-retirement items (b)	$	(3,175	)	$	(390	)	Employee benefits expense
Tax effect		1,111			137		Income taxes

Net of tax		(2,064	)		(253	)	Net income

Total reclassifications, net of tax	$	(4,251	)	$	2,396		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 15 for additional details).

Schedule of Compliance with Regulatory Capital Requirements

Following is a summary of the actual regulatory capital amounts and ratios for the Company and the Bank together with corresponding regulatory capital requirements at December 31, 2015 and 2014:


	Actual				Required for Minimum Capital Adequacy				Required To Be Well Capitalized
($ in thousands)	Amount		Ratio %		Amount		Ratio %		Amount		Ratio %
At December 31, 2015
Tier 1 leverage capital
Company	$	1,844,992		8.55	$	863,289		4.00	$	1,079,111		5.00
Whitney Bank		1,965,332		9.16		858,551		4.00		1,073,189		5.00
Common equity tier 1 (to risk weighted assets)
Company	$	1,844,992		9.96	$	833,216		4.50	$	1,203,534		6.50
Whitney Bank		1,965,332		10.64		830,985		4.50		1,200,312		6.50
Tier 1 capital (to risk weighted assets)
Company	$	1,844,992		9.96	$	1,110,954		6.00	$	1,481,272		8.00
Whitney Bank		1,965,332		10.64		1,107,980		6.00		1,477,306		8.00
Total capital (to risk weighted assets)
Company	$	2,195,913		11.86	$	1,481,272		8.00	$	1,851,590		10.00
Whitney Bank		2,166,253		11.73		1,477,306		8.00		1,846,633		10.00
At December 31, 2014
Tier 1 leverage capital
Company	$	1,777,348		9.17	$	581,263		3.00		n/a		n/a
Whitney Bank		1,756,813		9.13		577,493		3.00	$	962,488		5.00
Tier 1 capital (to risk weighted assets)
Company	$	1,777,348		11.23	$	632,898		4.00		n/a		n/a
Whitney Bank		1,756,813		11.13		631,220		4.00	$	946,829		6.00
Total capital (to risk weighted assets)
Company	$	1,945,710		12.30	$	1,265,796		8.00		n/a		n/a
Whitney Bank		1,925,175		12.20		1,262,439		8.00	$	1,578,049		10.00