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Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Schedule of Components of Comprehensive Income-Gross and Net of Tax
Second Quarter 2015
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
46,765

 
12,997

 
33,768

Components of OCI:
 
 

 
 

 
 

Unrealized (losses) gains on investment securities:
 
 

 
 

 
 

Unrealized holding losses during the period
 
(60,244
)
 
(21,084
)
 
(39,160
)
Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(185
)
 
(65
)
 
(120
)
Realized losses on AFS securities
 
3,422

 
1,197

 
2,225

Net unrealized losses
 
(57,007
)
 
(19,952
)
 
(37,055
)
Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
1,709

 
598

 
1,111

Defined benefit pension and post-retirement plans
 
1,709

 
598

 
1,111

Other comprehensive loss
 
(55,298
)
 
(19,354
)
 
(35,944
)
Comprehensive loss
 
$
(8,533
)
 
(6,357
)
 
(2,176
)


Second Quarter 2014
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
39,521

 
10,180

 
29,341

Components of OCI:
 
 

 
 

 
 

Unrealized gains (losses) on investment securities:
 
 

 
 

 
 

Unrealized holding gains during the period
 
45,122

 
15,793

 
29,329

Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(221
)
 
(77
)
 
(144
)
Non-credit OTTI
 
469

 
164

 
305

Realized gains on AFS securities
 
(5,008
)
 
(1,753
)
 
(3,255
)
Net unrealized gains
 
40,362

 
14,127

 
26,235

Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
381

 
133

 
248

Defined benefit pension and post-retirement plans
 
381

 
133

 
248

Other comprehensive income
 
40,743

 
14,260

 
26,483

Comprehensive income
 
$
80,264

 
24,440

 
55,824


Six Months 2015
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
103,055

 
29,579

 
73,476

Components of OCI:
 
 

 
 

 
 

Unrealized (losses) gains on investment securities:
 
 

 
 

 
 

Unrealized holding losses during the period
 
(36,267
)
 
(12,693
)
 
(23,574
)
Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(446
)
 
(156
)
 
(290
)
Non-credit OTTI
 
357

 
125

 
232

Realized gains on AFS securities
 
(16,473
)
 
(5,766
)
 
(10,707
)
Net unrealized losses
 
(52,829
)
 
(18,490
)
 
(34,339
)
Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
3,418

 
1,196

 
2,222

Defined benefit pension and post-retirement plans
 
3,418

 
1,196

 
2,222

Other comprehensive loss
 
(49,411
)
 
(17,294
)
 
(32,117
)
Comprehensive income
 
$
53,644

 
12,285

 
41,359


Six Months 2014
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
64,605

 
17,290

 
47,315

Components of OCI:
 
 

 
 
 
 
Unrealized gains (losses) on investment securities:
 
 

 
 
 
 
Unrealized holding gains during the period
 
78,086

 
27,331

 
50,755

Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(677
)
 
(237
)
 
(440
)
Non-credit OTTI
 
469

 
164

 
305

Realized gains on AFS securities
 
(12,237
)
 
(4,283
)
 
(7,954
)
Net unrealized gains
 
65,641

 
22,975

 
42,666

Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
761

 
266

 
495

Defined benefit pension and post-retirement plans
 
761

 
266

 
495

Other comprehensive income
 
66,402

 
23,241

 
43,161

Comprehensive income
 
$
131,007

 
40,531

 
90,476
Schedule of Components of Accumulated Other Comprehensive Income
June 30, 2015
 
 
 
 
 
 
 
 
Net Unrealized (Loss) Gain on Investment Securities
 
Defined Benefit
Pension and Post-Retirement Plans
 
Total Accumulated Other Comprehensive Income (Loss)
($ in thousands)
 
OTTI
Related
 
HTM
Related
 
All
Other
 
Investments
Subtotal
 
 
Balance, December 31, 2014
 
$
(514
)
 
623

 
80,284

 
80,393

 
(60,605
)
 
19,788

OCI before reclassifications
 
—

 
—

 
(23,574
)
 
(23,574
)
 
—

 
(23,574
)
Amounts reclassified from AOCI
 
232

 
(290
)
 
(10,707
)
 
(10,765
)
 
2,222

 
(8,543
)
Net current period OCI
 
232

 
(290
)
 
(34,281
)
 
(34,339
)
 
2,222

 
(32,117
)
Balance, June 30, 2015
 
$
(282
)
 
333

 
46,003

 
46,054

 
(58,383
)
 
(12,329
)
Schedule of Reclassifications Out Of Accumulated Other Comprehensive Income
 
Quarter ended
June 30,
 
Six Months ended
June 30,
 
($ in thousands)
2015
 
2014
 
2015
 
2014
Affected Line Item in the Unaudited Consolidated Statement of Income
OTTI related
 
 
 
 
 
 
 
 
Non-credit OTTI on disposed securities
$
—

 
469

 
357

 
469

Net realized (losses) gains
 
—

 
469

 
357

 
469

Income before federal income tax
 
—

 
(164
)
 
(125
)
 
(164
)
Total federal income tax expense
 
—

 
305

 
232

 
305

Net income
HTM related
 
 
 
 
 
 
 
 
Unrealized losses on HTM disposals
87

 
51

 
137

 
75

Net realized (losses) gains
Amortization of net unrealized gains on HTM securities
(272
)
 
(272
)
 
(583
)
 
(752
)
Net investment income earned
 
(185
)
 
(221
)
 
(446
)
 
(677
)
Income before federal income tax
 
65

 
77

 
156

 
237

Total federal income tax expense
 
(120
)
 
(144
)
 
(290
)
 
(440
)
Net income
Realized gains and losses on AFS and OTTI
 
 
 
 
 
 
 
 
Realized losses (gains) on AFS disposals and OTTI
3,422

 
(5,008
)
 
(16,473
)
 
(12,237
)
Net realized (losses) gains
 
3,422

 
(5,008
)
 
(16,473
)
 
(12,237
)
Income before federal income tax
 
(1,197
)
 
1,753

 
5,766

 
4,283

Total federal income tax expense
 
2,225

 
(3,255
)
 
(10,707
)
 
(7,954
)
Net income
Defined benefit pension and post-retirement life plans
 
 
 
 
 
 
 
 
Net actuarial loss
372

 
88

 
743

 
175

Loss and loss expense incurred
 
1,337

 
293

 
2,675

 
586

Policy acquisition costs
Total defined benefit pension and post-retirement life
1,709

 
381

 
3,418

 
761

Income before federal income tax
 
(598
)
 
(133
)
 
(1,196
)
 
(266
)
Total federal income tax expense
 
1,111

 
248

 
2,222

 
495

Net income
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
$
3,216

 
(2,846
)
 
(8,543
)
 
(7,594
)
Net income