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Comprehensive Income | 3 Months Ended
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Mar. 31, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Comprehensive Income | Comprehensive Income The components of comprehensive income, both gross and net of tax, for First Quarter 2018 and 2017 were as follows:
First Quarter 2018 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 19,931 |  |  | 1,006 |  |  | 18,925 |
Other comprehensive loss, net of tax: |  |  |  |  |  |  |  |  |
Unrealized losses on investment securities: |  |  |  |  |  |  |  |  |
Unrealized holding losses during period |  | (85,315 | ) |  | (17,917 | ) |  | (67,398 | )
Amounts reclassified into net income: |  |  |  |  |  |
HTM securities |  | (12 | ) |  | (2 | ) |  | (10 | )
Realized losses on disposals of AFS securities |  | 4,549 |  |  | 955 |  |  | 3,594 |
Total unrealized losses on investment securities |  | (80,778 | ) |  | (16,964 | ) |  | (63,814 | )
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |
Amounts reclassified into net income: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 532 |  |  | 112 |  |  | 420 |
Total defined benefit pension and post-retirement plans |  | 532 |  |  | 112 |  |  | 420 |
Other comprehensive loss |  | (80,246 | ) |  | (16,852 | ) |  | (63,394 | )
Comprehensive loss |  | $ | (60,315 | ) |  | (15,846 | ) |  | (44,469 | )
First Quarter 2017 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 67,574 |  |  | 17,134 |  |  | 50,440 |
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |
Unrealized gains on investment securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains during period |  | 25,785 |  |  | 9,024 |  |  | 16,761 |
Amounts reclassified into net income: |  |  |  |  |  |
HTM securities |  | (49 | ) |  | (17 | ) |  | (32 | )
Realized losses on disposals of AFS securities |  | 1,510 |  |  | 529 |  |  | 981 |
Total unrealized gains on investment securities |  | 27,246 |  |  | 9,536 |  |  | 17,710 |
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |
Amounts reclassified into net income: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 507 |  |  | 177 |  |  | 330 |
Total defined benefit pension and post-retirement plans |  | 507 |  |  | 177 |  |  | 330 |
Other comprehensive income |  | 27,753 |  |  | 9,713 |  |  | 18,040 |
Comprehensive income |  | $ | 95,327 |  |  | 26,847 |  |  | 68,480 |
The balances of, and changes in, each component of AOCI (net of taxes) as of March 31, 2018 were as follows:
March 31, 2018 |  |  |  | Defined Benefit Pension and Post-Retirement Plans |  |
|  | Net Unrealized Gains (Losses) on Investment Securities |  |  | Total AOCI
($ in thousands) |  | OTTI Related |  | HTM Related |  | All Other |  | Investments Subtotal |  |
Balance, December 31, 2017 |  | $ | (59 | ) |  | (14 | ) |  | 80,648 |  |  | 80,575 |  |  | (60,405 | ) |  | 20,170 |
Cumulative effect adjustments |  | (12 | ) |  | (2 | ) |  | (12,792 | ) |  | (12,806 | ) |  | (12,213 | ) |  | (25,019 | )
Balance, December 31, 2017 as adjusted |  | (71 | ) |  | (16 | ) |  | 67,856 |  |  | 67,769 |  |  | (72,618 | ) |  | (4,849 | )
OCI before reclassifications |  | — |  |  | — |  |  | (67,398 | ) |  | (67,398 | ) |  | — |  |  | (67,398 | )
Amounts reclassified from AOCI |  | — |  |  | (10 | ) |  | 3,594 |  |  | 3,584 |  |  | 420 |  |  | 4,004 |
Net current period OCI |  | — |  |  | (10 | ) |  | (63,804 | ) |  | (63,814 | ) |  | 420 |  |  | (63,394 | )
Balance, March 31, 2018 |  | $ | (71 | ) |  | (26 | ) |  | 4,052 |  |  | 3,955 |  |  | (72,198 | ) |  | (68,243 | )
The reclassifications out of AOCI were as follows:
| Quarter ended March 31, | Affected Line Item in the Unaudited Consolidated Statements of Income
($ in thousands) | 2018 |  | 2017
HTM related |  |  |  |
Unrealized losses on HTM disposals | $ | 1 |  |  | 13 |  | Net realized and unrealized losses
Amortization of net unrealized gains on HTM securities | (13 | ) |  | (62 | ) | Net investment income earned
| (12 | ) |  | (49 | ) | Income before federal income tax
| 2 |  |  | 17 |  | Total federal income tax expense
| (10 | ) |  | (32 | ) | Net income
Realized losses on AFS and OTTI |  |  |  |
Realized losses on AFS disposals and OTTI | 4,549 |  |  | 1,510 |  | Net realized and unrealized losses
| 4,549 |  |  | 1,510 |  | Income before federal income tax
| (955 | ) |  | (529 | ) | Total federal income tax expense
| 3,594 |  |  | 981 |  | Net income
Defined benefit pension and post-retirement life plans |  |  |  |
Net actuarial loss | 112 |  |  | 110 |  | Loss and loss expense incurred
| 420 |  |  | 397 |  | Other insurance expenses
Total defined benefit pension and post-retirement life | 532 |  |  | 507 |  | Income before federal income tax
| (112 | ) |  | (177 | ) | Total federal income tax expense
| 420 |  |  | 330 |  | Net income
Total reclassifications for the period | $ | 4,004 |  |  | 1,279 |  | Net income

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- References No definition available. + Details
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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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