XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Comprehensive Income (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Schedule of Components of Comprehensive Income-Gross and Net of Tax |
Second Quarter 2017 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 58,929 |  |  | 17,503 |  |  | 41,426 |
Components of OCI: |  |  |  |  |  |  |  |  |
Unrealized gains on investment securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains during period |  | 35,887 |  |  | 12,561 |  |  | 23,326 |
Non-credit portion of OTTI recognized in OCI |  | 6 |  |  | 2 |  |  | 4 |
Amounts reclassified into net income: |  |  |  |  |  |
HTM securities |  | (43 | ) |  | (15 | ) |  | (28 | )
Realized gains on AFS securities |  | (1,885 | ) |  | (660 | ) |  | (1,225 | )
Total unrealized gains on investment securities |  | 33,965 |  |  | 11,888 |  |  | 22,077 |
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |
Amounts reclassified into net income: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 508 |  |  | 178 |  |  | 330 |
Total defined benefit pension and post-retirement plans |  | 508 |  |  | 178 |  |  | 330 |
Other comprehensive income |  | 34,473 |  |  | 12,066 |  |  | 22,407 |
Comprehensive income |  | $ | 93,402 |  |  | 29,569 |  |  | 63,833 |
Second Quarter 2016 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 62,311 |  |  | 18,710 |  |  | 43,601 |
Components of OCI: |  |  |  |  |  |  |  |  |
Unrealized gains 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 |
Six Months 2017 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 126,503 |  |  | 34,637 |  |  | 91,866 |
Components of OCI: |  |  |  |  |  |  |  |  |
Unrealized gains on investment securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains during period |  | 61,672 |  |  | 21,585 |  |  | 40,087 |
Non-credit portion of OTTI recognized in OCI |  | 6 |  |  | 2 |  |  | 4 |
Amounts reclassified into net income: |  |  |  |  |  |
HTM securities |  | (92 | ) |  | (32 | ) |  | (60 | )
Realized gains on AFS securities |  | (375 | ) |  | (131 | ) |  | (244 | )
Total unrealized gains on investment securities |  | 61,211 |  |  | 21,424 |  |  | 39,787 |
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |
Amounts reclassified into net income: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 1,015 |  |  | 355 |  |  | 660 |
Total defined benefit pension and post-retirement plans |  | 1,015 |  |  | 355 |  |  | 660 |
Other comprehensive income |  | 62,226 |  |  | 21,779 |  |  | 40,447 |
Comprehensive income |  | $ | 188,729 |  |  | 56,416 |  |  | 132,313 |
Schedule of Components of Accumulated Other Comprehensive Income |
June 30, 2017 |  |  |  | Defined Benefit Pension and Post-Retirement Plans |  |
|  | Net Unrealized Gain on Investment Securities |  |  | Total AOCI
($ in thousands) |  | OTTI Related |  | HTM Related |  | All Other |  | Investments Subtotal |  |
Balance, December 31, 2016 |  | $ | (150 | ) |  | 102 |  |  | 42,170 |  |  | 42,122 |  |  | (58,072 | ) |  | (15,950 | )
OCI before reclassifications |  | 4 |  |  | — |  |  | 40,087 |  |  | 40,091 |  |  | — |  |  | 40,091 |
Amounts reclassified from AOCI |  | — |  |  | (60 | ) |  | (244 | ) |  | (304 | ) |  | 660 |  |  | 356 |
Net current period OCI |  | 4 |  |  | (60 | ) |  | 39,843 |  |  | 39,787 |  |  | 660 |  |  | 40,447 |
Balance, June 30, 2017 |  | $ | (146 | ) |  | 42 |  |  | 82,013 |  |  | 81,909 |  |  | (57,412 | ) |  | 24,497 |
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) | 2017 |  | 2016 |  | 2017 |  | 2016
HTM related |  |  |  |  |  |  |  |
Unrealized losses on HTM disposals | 17 |  |  | 60 |  |  | 30 |  |  | 88 |  | Net realized gains (losses)
Amortization of net unrealized gains on HTM securities | (60 | ) |  | (79 | ) |  | (122 | ) |  | (179 | ) | Net investment income earned
| (43 | ) |  | (19 | ) |  | (92 | ) |  | (91 | ) | Income before federal income tax
| 15 |  |  | 7 |  |  | 32 |  |  | 32 |  | Total federal income tax expense
| (28 | ) |  | (12 | ) |  | (60 | ) |  | (59 | ) | Net income
Realized (gains) losses on AFS and OTTI |  |  |  |  |  |  |  |
Realized (gains) losses on AFS disposals and OTTI | (1,885 | ) |  | (1,762 | ) |  | (375 | ) |  | 937 |  | Net realized gains (losses)
| (1,885 | ) |  | (1,762 | ) |  | (375 | ) |  | 937 |  | Income before federal income tax
| 660 |  |  | 617 |  |  | 131 |  |  | (328 | ) | Total federal income tax expense
| (1,225 | ) |  | (1,145 | ) |  | (244 | ) |  | 609 |  | Net income
Defined benefit pension and post-retirement life plans |  |  |  |  |  |  |  |
Net actuarial loss | 111 |  |  | 329 |  |  | 221 |  |  | 658 |  | Losses and loss expenses incurred
| 397 |  |  | 1,188 |  |  | 794 |  |  | 2,375 |  | Policy acquisition costs
Total defined benefit pension and post-retirement life | 508 |  |  | 1,517 |  |  | 1,015 |  |  | 3,033 |  | Income before federal income tax
| (178 | ) |  | (532 | ) |  | (355 | ) |  | (1,062 | ) | Total federal income tax expense
| 330 |  |  | 985 |  |  | 660 |  |  | 1,971 |  | Net income
Total reclassifications for the period | $ | (923 | ) |  | (172 | ) |  | 356 |  |  | 2,521 |  | Net income

X
- References No definition available. + Details
Name: | us-gaap_ComprehensiveIncomeNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration