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Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Schedule of Components of Comprehensive Income-Gross and Net of Tax
Second Quarter 2016
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
62,311

 
18,710

 
43,601

Components of OCI:
 
 

 
 

 
 

Unrealized gains (losses) on investment securities:
 
 

 
 

 
 

Unrealized holding gains during period
 
55,675

 
19,487

 
36,188

Non-credit portion of OTTI recognized in OCI
 
(10
)
 
(4
)
 
(6
)
Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(19
)
 
(7
)
 
(12
)
Realized gains on AFS securities
 
(1,762
)
 
(617
)
 
(1,145
)
    Total unrealized gains on investment securities
 
53,884

 
18,859

 
35,025

Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
1,517

 
532

 
985

    Total defined benefit pension and post-retirement plans
 
1,517

 
532

 
985

Other comprehensive income
 
55,401

 
19,391

 
36,010

Comprehensive income
 
$
117,712

 
38,101

 
79,611



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 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

    Total unrealized losses on investment securities
 
(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

    Total 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
)

Six Months 2016
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
114,186

 
33,553

 
80,633

Components of OCI:
 
 

 
 

 
 

Unrealized gains on investment securities:
 
 

 
 

 
 

Unrealized holding gains during period
 
121,412

 
42,495

 
78,917

Non-credit portion of OTTI recognized in OCI
 
(10
)
 
(4
)
 
(6
)
Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(91
)
 
(32
)
 
(59
)
Realized losses on AFS securities
 
937

 
328

 
609

    Total unrealized gains on investment securities
 
122,248

 
42,787

 
79,461

Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
3,033

 
1,062

 
1,971

    Total defined benefit pension and post-retirement plans
 
3,033

 
1,062

 
1,971

Other comprehensive income
 
125,281

 
43,849

 
81,432

Comprehensive income
 
$
239,467

 
77,402

 
162,065


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 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
)
    Total unrealized losses on investment securities
 
(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

    Total 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
Schedule of Components of Accumulated Other Comprehensive Income
June 30, 2016
 
 
 
 
 
 
 
 
Net Unrealized Gain on Investment Securities
 
Defined Benefit
Pension and Post-Retirement Plans
 
Total AOCI
($ in thousands)
 
OTTI
Related
 
HTM
Related
 
All
Other
 
Investments
Subtotal
 
 
Balance, December 31, 2015
 
$
(282
)
 
194

 
45,083

 
44,995

 
(54,420
)
 
(9,425
)
OCI before reclassifications
 
(6
)
 
—

 
78,917

 
78,911

 
—

 
78,911

Amounts reclassified from AOCI
 
—

 
(59
)
 
609

 
550

 
1,971

 
2,521

Net current period OCI
 
(6
)
 
(59
)
 
79,526

 
79,461

 
1,971

 
81,432

Balance, June 30, 2016
 
$
(288
)
 
135

 
124,609

 
124,456

 
(52,449
)
 
72,007
Schedule of Reclassifications Out Of Accumulated Other Comprehensive Income
 
Quarter ended June 30,
 
Six Months ended
June 30,
Affected Line Item in the Unaudited Consolidated Statement of Income
($ in thousands)
2016
 
2015
 
2016
 
2015
OTTI related
 
 
 
 
 
 
 
 
Non-credit OTTI on disposed securities
$
—

 
—

 
—

 
357

Net realized gains (losses)
 
—

 
—

 
—

 
357

Income before federal income tax
 
—

 
—

 
—

 
(125
)
Total federal income tax expense
 
—

 
—

 
—

 
232

Net income
HTM related
 
 
 
 
 
 
 
 
Unrealized losses on HTM disposals
60

 
87

 
88

 
137

Net realized gains (losses)
Amortization of net unrealized gains on HTM securities
(79
)
 
(272
)
 
(179
)
 
(583
)
Net investment income earned
 
(19
)
 
(185
)
 
(91
)
 
(446
)
Income before federal income tax
 
7

 
65

 
32

 
156

Total federal income tax expense
 
(12
)
 
(120
)
 
(59
)
 
(290
)
Net income
Realized losses (gains) on AFS and OTTI
 
 
 
 
 
 
 
 
Realized losses (gains) on AFS disposals and OTTI
(1,762
)
 
3,422

 
937

 
(16,473
)
Net realized gains (losses)
 
(1,762
)
 
3,422

 
937

 
(16,473
)
Income before federal income tax
 
617

 
(1,197
)
 
(328
)
 
5,766

Total federal income tax expense
 
(1,145
)
 
2,225

 
609

 
(10,707
)
Net income
Defined benefit pension and post-retirement life plans
 
 
 
 
 
 
 
 
Net actuarial loss
329

 
372

 
658

 
743

Loss and loss expense incurred
 
1,188

 
1,337

 
2,375

 
2,675

Policy acquisition costs
Total defined benefit pension and post-retirement life
1,517

 
1,709

 
3,033

 
3,418

Income before federal income tax
 
(532
)
 
(598
)
 
(1,062
)
 
(1,196
)
Total federal income tax expense
 
985

 
1,111

 
1,971

 
2,222

Net income
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
$
(172
)
 
3,216

 
2,521

 
(8,543
)
Net income