Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following tables summarize the components of accumulated other comprehensive income (loss) at September 30, 2019 and 2018, including changes during the preceding nine and three month periods as well as any reclassifications out of accumulated other comprehensive income (loss):

($ in Thousands)	Investment Securities Available For Sale			Defined Benefit Pension and Post Retirement Obligations			Accumulated Other Comprehensive Income (Loss)
Balance January 1, 2019	$	(75,643	)	$	(49,330	)	$	(124,972	)
Other comprehensive income (loss) before reclassifications	123,139			—			123,139
Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities losses (gains), net	(5,931		)	—			(5,931		)
Personnel expense	—			(111		)	(111		)
Other expense	—			357			357
Amortization of net unrealized (gains) losses on available for sale securities transferred to held to maturity securities	279			—			279
Income tax (expense) benefit	(29,651		)	(62		)	(29,713		)
Net other comprehensive income (loss) during period	87,836			184			88,020
Balance September 30, 2019	$	12,194		$	(49,146	)	$	(36,953	)
Balance January 1, 2018	$	(38,453	)	$	(24,305	)	$	(62,758	)
Other comprehensive income (loss) before reclassifications	(82,099		)	—			(82,099		)
Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities loss (gain), net	1,985			—			1,985
Personnel expense	—			(112		)	(112		)
Other expense	—			1,480			1,480
Adjustment for adoption of ASU 2016-01	(84		)	—			(84		)
Adjustment for adoption of ASU 2018-02	(8,419		)	(5,235		)	(13,654		)
Amortization of net unrealized (gains) losses on available for sale securities transferred to held to maturity securities	(684		)	—			(684		)
Income tax (expense) benefit	20,796			(390		)	20,406
Net other comprehensive income (loss) during period	(68,505		)	(4,257		)	(72,762		)
Balance September 30, 2018	$	(106,958	)	$	(28,562	)	$	(135,520	)

($ in Thousands)	Investments Securities Available For Sale			Defined Benefit Pension and Post Retirement Obligations			Accumulated Other Comprehensive Income (Loss)
Balance July 1, 2019	$	(9,773	)	$	(49,290	)	$	(59,063	)
Other comprehensive income (loss) before reclassifications	33,173			—			33,173
Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities losses (gains), net	(3,788		)	—			(3,788		)
Personnel expense	—			(36		)	(36		)
Other expense	—			229			229
Amortization of net unrealized (gains) losses on available for sale securities transferred to held to maturity securities	(8		)	—			(8		)
Income tax (expense) benefit	(7,410		)	(49		)	(7,458		)
Net other comprehensive income (loss) during period	21,967			144			22,111
Balance September 30, 2019	$	12,194		$	(49,146	)	$	(36,953	)
Balance July 1, 2018	$	(90,986	)	$	(28,902	)	$	(119,888	)
Other comprehensive income (loss) before reclassifications	(21,345		)	—			(21,345		)
Amounts reclassified from accumulated other comprehensive income (loss)
Investment securities loss (gain), net	(30		)	—			(30		)
Personnel expense	—			(37		)	(37		)
Other expense	—			551			551
Amortization of net unrealized (gains) losses on available for sale securities transferred to held to maturity securities	(52		)	—			(52		)
Income tax (expense) benefit	5,456			(174		)	5,282
Net other comprehensive income (loss) during period	(15,971		)	340			(15,631		)
Balance September 30, 2018	$	(106,958	)	$	(28,562	)	$	(135,520	)