Accumulated Other Comprehensive Loss, Net of Tax

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Accumulated Other Comprehensive Loss, Net of Tax

Accumulated Other Comprehensive Loss, Net of Tax

The following table summarizes the changes in AOCL by component:

(In thousands)	Available For Sale Securities		Derivative Instruments		Defined Benefit Pension and Other Postretirement Benefit Plans		Total
Balance at December 31, 2016	$	(15,476)	$	(17,068)	$	(44,449)	$	(76,993)
Other comprehensive (loss) income before reclassifications	(7,590)		181		98		(7,311)
Amounts reclassified from accumulated other comprehensive loss	—		4,384		4,037		8,421
Net current-period other comprehensive (loss) income, net of tax	(7,590)		4,565		4,135		1,110
Balance at Adoption of ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) - Reclassification of Certain Tax Effects from AOCI	(4,881)		(2,513)		(8,254)		(15,648)
Balance at December 31, 2017	(27,947)		(15,016)		(48,568)		(91,531)
Other comprehensive (loss) income before reclassifications	(43,427)		208		(7,122)		(50,341)
Amounts reclassified from accumulated other comprehensive loss	—		5,495		5,725		11,220
Net current-period other comprehensive (loss) income, net of tax	(43,427)		5,703		(1,397)		(39,121)
Balance at December 31, 2018	(71,374)		(9,313)		(49,965)		(130,652)
Other comprehensive income (loss) before reclassifications	88,647		(4,945)		1,622		85,324
Amounts reclassified from accumulated other comprehensive loss	(22)		5,074		4,204		9,256
Net current-period other comprehensive income, net of tax	88,625		129		5,826		94,580
Balance at December 31, 2019	$	17,251	$	(9,184)	$	(44,139)	$	(36,072)

The following table provides information for the items reclassified from AOCL:

	Years ended December 31,
Accumulated Other Comprehensive Loss Components	2019		2018		2017		Associated Line Item in the Consolidated Statement Of Income
(In thousands)
Available-for-sale securities:
Unrealized gains on investments	$	29	$	—	$	—	Gain on sale of investment securities, net
Tax expense	(7)		—		—		Income tax expense
Net of tax	$	22	$	—	$	—
Derivative instruments:
Hedge terminations	$	(5,509)	$	(7,425)	$	(7,160)	Interest expense
Premium amortization	(1,323)		—		—		Interest income
Tax benefit	1,758		1,930		2,776		Income tax expense
Net of tax	$	(5,074)	$	(5,495)	$	(4,384)
Defined benefit pension and other postretirement benefit plans:
Amortization of net loss	$	(5,706)	$	(7,708)	$	(6,612)	Other non-interest expense
Tax benefit	1,502		1,983		2,575		Income tax expense
Net of tax	$	(4,204)	$	(5,725)	$	(4,037)

The following tables summarize the items and related tax effects for each component of OCI/OCL, net of tax:

	Year ended December 31, 2019
(In thousands)	Pre-Tax Amount		Tax Benefit (Expense)		Net of Tax Amount
Available-for-sale securities:
Net unrealized gain during the period	$	120,333	$	(31,686)	$	88,647
Reclassification for net gain included in net income	(29)		7		(22)
Total available-for-sale securities	120,304		(31,679)		88,625
Derivative instruments:
Net unrealized loss during the period	(6,672)		1,727		(4,945)
Reclassification adjustment for net loss included in net income	6,832		(1,758)		5,074
Total derivative instruments	160		(31)		129
Defined benefit pension and other postretirement benefit plans:
Current year actuarial gain	2,202		(580)		1,622
Reclassification adjustment for amortization of net loss included in net income	5,706		(1,502)		4,204
Total defined benefit pension and postretirement benefit plans	7,908		(2,082)		5,826
Other comprehensive income, net of tax	$	128,372	$	(33,792)	$	94,580
	Year ended December 31, 2018
(In thousands)	Pre-Tax Amount		Tax Benefit (Expense)		Net of Tax Amount
Available-for-sale securities:
Net unrealized loss during the period	$	(58,792)	$	15,365	$	(43,427)
Reclassification for net gain included in net income	—		—		—
Total available-for-sale securities	(58,792)		15,365		(43,427)
Derivative instruments:
Net unrealized gain during the period	280		(72)		208
Reclassification adjustment for net loss included in net income	7,425		(1,930)		5,495
Total derivative instruments	7,705		(2,002)		5,703
Defined benefit pension and other postretirement benefit plans:
Current year actuarial loss	(9,600)		2,478		(7,122)
Reclassification adjustment for amortization of net loss included in net income	7,708		(1,983)		5,725
Total defined benefit pension and postretirement benefit plans	(1,892)		495		(1,397)
Other comprehensive loss, net of tax	$	(52,979)	$	13,858	$	(39,121)
	Year ended December 31, 2017
(In thousands)	Pre-Tax Amount		Tax Benefit (Expense)		Net of Tax Amount
Available-for-sale securities:
Net unrealized loss during the period	$	(12,423)	$	4,833	$	(7,590)
Reclassification for net gain included in net income	—		—		—
Total available-for-sale securities	(12,423)		4,833		(7,590)
Derivative instruments:
Net unrealized gain during the period	291		(110)		181
Reclassification adjustment for net loss included in net income	7,160		(2,776)		4,384
Total derivative instruments	7,451		(2,886)		4,565
Defined benefit pension and other postretirement benefit plans:
Current year actuarial gain	155		(57)		98
Reclassification adjustment for amortization of net loss included in net income	6,612		(2,575)		4,037
Total defined benefit pension and postretirement benefit plans	6,767		(2,632)		4,135
Other comprehensive income, net of tax	$	1,795	$	(685)	$	1,110