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Shareholders' Equity | 12 Months Ended
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Dec. 31, 2018
Accumulated Other Comprehensive Income [Abstract] |
Stockholders' Equity |
NOTE 14 – SHAREHOLDERS’ EQUITY
Accumulated Other Comprehensive (Loss) Income The following table presents the components of other comprehensive income (loss) for the years ended December 31:
| Before-Tax Amount |  | Tax Effect |  | Net of Tax Amount
| (in thousands)
2018: |  |  |  |  |
Unrealized loss on available for sale securities | $ | (31,235 | ) |  | $ | 6,909 |  |  | $ | (24,326 | )
Reclassification adjustment for available for sale securities gains included in net income (1) | (37 | ) |  | 7 |  |  | (30 | )
Amortization of net unrealized losses on available for sale securities transferred to held to maturity (2) | 2,694 |  |  | (596 | ) |  | 2,098 |
Non-credit related unrealized loss on other-than-temporarily impaired debt securities | 285 |  |  | (63 | ) |  | 222 |
Unrecognized pension and postretirement income | 1,798 |  |  | (398 | ) |  | 1,400 |
Amortization of net unrecognized pension and postretirement income (3) | 2,116 |  |  | (468 | ) |  | 1,648 |
Total Other Comprehensive Loss | $ | (24,379 | ) |  | $ | 5,391 |  |  | $ | (18,988 | )
2017: |  |  |  |  |
Unrealized gain on available for sale securities | $ | 16,051 |  |  | $ | (5,619 | ) |  | $ | 10,432 |
Reclassification adjustment for available for sale securities gains included in net income (1) | (9,071 | ) |  | 3,177 |  |  | (5,894 | )
Non-credit related unrealized loss on other-than-temporarily impaired debt securities | 285 |  |  | (100 | ) |  | 185 |
Unrecognized pension and postretirement cost | (937 | ) |  | 328 |  |  | (609 | )
Amortization of net unrecognized pension and postretirement income (3) | 2,092 |  |  | (731 | ) |  | 1,361 |
Total Other Comprehensive Income | $ | 8,420 |  |  | $ | (2,945 | ) |  | $ | 5,475 |
2016: |  |  |  |  |
Unrealized loss on available for sale securities | $ | (22,907 | ) |  | $ | 8,016 |  |  | $ | (14,891 | )
Reclassification adjustment for available for sale securities gains included in net income (1) | (2,550 | ) |  | 893 |  |  | (1,657 | )
Non-credit related unrealized loss on other-than-temporarily impaired debt securities | (285 | ) |  | 100 |  |  | (185 | )
Amortization of unrealized loss on derivative financial instruments (4) | 25 |  |  | (9 | ) |  | 16 |
Unrecognized pension and postretirement cost | (1,432 | ) |  | 501 |  |  | (931 | )
Amortization of net unrecognized pension and postretirement income (3) | 1,869 |  |  | (653 | ) |  | 1,216 |
Total Other Comprehensive Loss | $ | (25,280 | ) |  | $ | 8,848 |  |  | $ | (16,432 | )
(1) | Amounts reclassified out of accumulated other comprehensive (loss) income. Before-tax amounts included in "Investment securities gains, net" on the consolidated statements of income. See "Note 3 - Investment Securities," for additional details.
(2) | Amounts reclassified out of accumulated other comprehensive (loss) income. Before-tax amounts as a reduction to "Interest Income" on the consolidated statements of income. See "Note 3, - Investment Securities," for additional details.
(3) | Amounts reclassified out of accumulated other comprehensive (loss) income. Before-tax amounts included in "Salaries and employee benefits" on the consolidated statements of income. See "Note 13 - Employee Benefit Plans," for additional details.
(4) | Amounts reclassified out of accumulated other comprehensive (loss) income. Before-tax amounts included in "Interest Expense" on the consolidated statements of income.
The following table presents changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31:
| Unrealized Gain (Losses) on Investment Securities Not Other-Than-Temporarily Impaired |  | Unrealized Non-Credit Gains (Losses) on Other-Than-Temporarily Impaired Debt Securities |  | Unrealized Effective Portions of Losses on Forward-Starting Interest Rate Swaps |  | Unrecognized Pension and Postretirement Plan Income (Cost) |  | Total
| (in thousands)
Balance as of December 31, 2015 | $ | (6,499 | ) |  | $ | 458 |  |  | $ | (15 | ) |  | $ | (15,961 | ) |  | $ | (22,017 | )
Other comprehensive loss before reclassifications | (14,891 | ) |  | (185 | ) |  | — |  |  | (931 | ) |  | (16,007 | )
Amounts reclassified from accumulated other comprehensive (loss) income | (1,657 | ) |  | — |  |  | 15 |  |  | 1,217 |  |  | (425 | )
Balance as of December 31, 2016 | (23,047 | ) |  | 273 |  |  | — |  |  | (15,675 | ) |  | (38,449 | )
Other comprehensive income before reclassifications | 10,432 |  |  | 185 |  |  | — |  |  | (609 | ) |  | 10,008 |
Amounts reclassified from accumulated other comprehensive (loss) income | (5,894 | ) |  | — |  |  | — |  |  | 1,361 |  |  | (4,533 | )
Balance as of December 31, 2017 | (18,509 | ) |  | 458 |  |  | — |  |  | (14,923 | ) |  | (32,974 | )
Other comprehensive loss before reclassifications | (24,326 | ) |  | 222 |  |  | — |  |  | 1,400 |  |  | (22,704 | )
Amounts reclassified from accumulated other comprehensive (loss) income | (30 | ) |  | — |  |  | — |  |  | 1,648 |  |  | 1,618 |
Amortization of net unrealized losses on available for sale securities transferred to held to maturity | 2,098 |  |  | — |  |  | — |  |  | — |  |  | 2,098 |
Reclassification of stranded tax effects | (3,887 | ) |  | — |  |  | — |  |  | (3,214 | ) |  | (7,101 | )
Balance as of December 31, 2018 | $ | (44,654 | ) |  | $ | 680 |  |  | $ | — |  |  | $ | (15,089 | ) |  | $ | (59,063 | )
Common Stock Repurchase Plans In November 2017, the Corporation's board of directors approved an extension to a share repurchase program pursuant to which the Corporation was authorized to repurchase up to $50.0 million of its outstanding shares of common stock, or approximately 2.3% of its outstanding shares, through December 31, 2018. During 2018, the Corporation repurchased approximately 1.9 million shares under this program for a total cost of approximately $31.5 million, or $16.71 per share, completing this program. In November 2018, the Corporation's board of directors approved a share repurchase program pursuant to which the Corporation is authorized to repurchase up to $75.0 million of its outstanding shares of common stock, or approximately 2.7% of its outstanding shares, through December 31, 2019. During 2018, the Corporation repurchased approximately 4.1 million shares under this program for a total cost of $63.7 million or $15.49 per share. Up to an additional $11.3 million of the Corporation's common stock may be repurchased under this program through December 31, 2019. Total commissions and fees paid on stock repurchases in 2018 were $139,000. Under both repurchase programs, repurchased shares were added to treasury stock, at cost. As permitted by securities laws and other legal requirements, and subject to market conditions and other factors, purchases may be made from time to time in open market or privately negotiated transactions, including, without limitation, through accelerated share repurchase transactions.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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