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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2019
Stockholders Equity Note [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)



 

Available

for Sale

Securities

 

 

HTM Securities

Transferred

from AFS

 

 

Employee

Benefit Plans

 

 

Cash

Flow Hedges

 

 

Equity Method Investment

 

 

Total

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 loss

 

 

(55,114

)

 

 

 

 

 

 

 

 

(7,130

)

 

 

 

 

 

(62,244

)

Reclassification of net loss realized and included in earnings

 

 

 

 

 

 

 

 

1,177

 

 

 

619

 

 

 

 

 

 

1,796

 

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

)

Balance, December 31, 2018

 

$

(50,125

)

 

$

(12,044

)

 

$

(110,247

)

 

$

(8,293

)

 

$

 

 

$

(180,709

)

Other comprehensive income (loss) before income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in unrealized gain or loss

 

 

46,984

 

 

 

 

 

 

 

 

 

9,475

 

 

 

784

 

 

 

57,243

 

Reclassification of net loss realized and included in earnings

 

 

 

 

 

 

 

 

2,203

 

 

 

2,016

 

 

 

 

 

 

4,219

 

Amortization of unrealized net loss on securities transferred to HTM

 

 

 

 

 

591

 

 

 

 

 

 

 

 

 

 

 

 

591

 

Income tax expense

 

 

10,623

 

 

 

134

 

 

 

498

 

 

 

2,598

 

 

 

 

 

 

13,853

 

Balance, March 31, 2019

 

$

(13,764

)

 

$

(11,587

)

 

$

(108,542

)

 

$

600

 

 

$

784

 

 

$

(132,509

)

 

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)

 

2019

 

 

2018

 

 

the statement of income

Amortization of unrealized net loss on securities transferred to HTM

 

$

(591

)

 

$

(755

)

 

Interest income

Tax effect

 

 

134

 

 

 

171

 

 

Income taxes

Net of tax

 

 

(457

)

 

 

(584

)

 

Net income

Amortization of defined benefit pension and post-retirement items

 

 

(2,203

)

 

 

(1,177

)

 

Other noninterest expense (b)

Tax effect

 

 

498

 

 

 

267

 

 

Income taxes

Net of tax

 

 

(1,705

)

 

 

(910

)

 

Net income

Reclassification of unrealized gain (loss) on cash flow hedges

 

 

(610

)

 

 

336

 

 

Interest income

Tax effect

 

 

138

 

 

 

(76

)

 

Income taxes

Net of tax

 

 

(472

)

 

 

260

 

 

Net income

Amortization of loss on terminated cash flow hedges

 

 

(1,406

)

 

 

(954

)

 

Interest income

Tax effect

 

 

318

 

 

 

216

 

 

Income taxes

Net of tax

 

 

(1,088

)

 

 

(738

)

 

Net income

Total reclassifications, net of tax

 

$

(3,722

)

 

$

(1,972

)

 

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).