Reclassification Adjustments Out of Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2019

8. Reclassification Adjustments Out of Other Comprehensive Income (Loss)

The following table summarizes the reclassification adjustments out of accumulated other comprehensive income (loss) (“AOCI”):

Detail About AOCI Components	Amount Reclassified From AOCI						Affected Line Item in the Consolidated Statement of Comprehensive Income (Loss)
	Three Months Ended
(In thousands)	September 30, 2019			September 30, 2018
AFS securities:
Gains on AFS securities	$	(20	)	$	-		Net securities gains
Amortization of unrealized gains related to securities transfer		190			168		Interest income
Tax effect	$	(42	)	$	(42	)	Income tax (benefit)
Net of tax	$	128		$	126

Cash flow hedges:
Net unrealized (gains) on cash flow hedges reclassified to interest expense	$	(395	)	$	(638	)	Interest expense
Tax effect	$	98		$	159		Income tax expense
Net of tax	$	(297	)	$	(479	)

Pension and other benefits:
Amortization of net losses	$	649		$	263		Other noninterest expense
Amortization of prior service costs		23			23		Other noninterest expense
Tax effect	$	(168	)	$	(71	)	Income tax (benefit)
Net of tax	$	504		$	215

Total reclassifications, net of tax	$	335		$	(138	)

Detail About AOCI Components	Amount Reclassified From AOCI						Affected Line item in the Consolidated Statement of Comprehensive Income (Loss)
	Nine Months Ended
(In thousands)	September 30, 2019			September 30, 2018
AFS securities:
Losses on AFS securities	$	79		$	-		Net securities gains
Amortization of unrealized gains related to securities transfer		556			533		Interest income
Tax effect	$	(159	)	$	(133	)	Income tax (benefit)
Net of tax	$	476		$	400

Cash flow hedges:
Net unrealized (gains) on cash flow hedges reclassified to interest expense	$	(1,932	)	$	(1,537	)	Interest expense
Tax effect	$	483		$	384		Income tax expense
Net of tax	$	(1,449	)	$	(1,153	)

Pension and other benefits:
Amortization of net losses	$	1,916		$	809		Other noninterest expense
Amortization of prior service costs		69			67		Other noninterest expense
Tax effect	$	(496	)	$	(219	)	Income tax (benefit)
Net of tax	$	1,489		$	657

Total reclassifications, net of tax	$	516		$	(96	)