Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Accumulated Other Comprehensive Income

The following table shows changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2020, 2019 and 2018:


	Unrealized Gains and Losses on Available for Sale Securities (1)		Unrealized Gains and Losses on Pension Plan Liability (1)		Unrealized Gains and Losses on Hedging Instruments (1)		Total (1)
Year Ended December 31, 2020	(in thousands)
Beginning balance	$	33,038	$	(3,974)	$	11,303	$	40,367

Other comprehensive income (loss) before reclassifications	130,355		(2,177)		20,012		148,190
Amounts reclassified from accumulated other comprehensive income (2)	(219)		318		(6,461)		(6,362)
Net current-period other comprehensive income (loss)	130,136		(1,859)		13,551		141,828
Ending balance	$	163,174	$	(5,833)	$	24,854	$	182,195
Year Ended December 31, 2019
Beginning balance	$	(33,128)	$	(2,177)	$	—	$	(35,305)
Other comprehensive income (loss) before reclassifications	67,802		(2,042)		11,760		77,520
Amounts reclassified from accumulated other comprehensive loss (2)	(1,636)		245		(457)		(1,848)
Net current-period other comprehensive income (loss)	66,166		(1,797)		11,303		75,672
Ending balance	$	33,038	$	(3,974)	$	11,303	$	40,367
Year Ended December 31, 2018
Beginning balance	$	(19,779)	$	(2,446)	$	—	$	(22,225)
Adjustment pursuant to adoption of ASU 2016-01	157		—		—		157
Other comprehensive income (loss) before reclassifications	(13,425)		24		—		(13,401)
Amounts reclassified from accumulated other comprehensive loss (2)	(81)		245		—		164
Net current-period other comprehensive income (loss)	(13,506)		269		—		(13,237)
Ending balance	$	(33,128)	$	(2,177)	$	—	$	(35,305)

__________

(1) All amounts are net of tax. Amounts in parentheses indicate debits.

(2) See following table for details about these reclassifications.

The following table shows details regarding the reclassifications from accumulated other comprehensive income for the years ended December 31, 2020, 2019 and 2018:


	Amount Reclassified from Accumulated Other Comprehensive Income						Affected line Item in the Consolidated Statement of Income
	Years Ended December 31,
	2020		2019		2018
	(in thousands)
Unrealized gains on available for sale debt securities	$	285	$	2,132	$	106	Investment securities gains (losses), net
	285		2,132		106		Total before tax
	(66)		(496)		(25)		Income tax provision
	$	219	$	1,636	$	81	Net of tax

Amortization of pension plan liability actuarial losses	$	(414)	$	(319)	$	(319)	Compensation and employee benefits
	(414)		(319)		(319)		Total before tax
	96		74		74		Income tax provision
	$	(318)	$	(245)	$	(245)	Net of tax

Unrealized gains from hedging instruments	$	8,418	$	595	$	—	Loans
	8,418		595		—		Total before tax
	(1,957)		(138)		—		Income tax provision
	$	6,461	$	457	$	—	Net of tax