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Changes In Accumulated Other Comprehensive Income (Loss) By Component (Tables)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2018 and 2017. All amounts are presented net of tax. Amounts in parentheses indicate reductions to AOCI.
 
 
Available-for-Sale Securities
 
 
 
 
(amounts in thousands)
 
Unrealized Gains (Losses)
 
Foreign Currency Items
 
Total Unrealized Gains (Losses)
 
Unrealized Gains (Losses) on Cash Flow Hedges
 
Total
Balance, December 31, 2016
 
$
(2,681
)
 
$
—

 
$
(2,681
)
 
$
(2,211
)
 
$
(4,892
)
Current period:
 
 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
 
7,800

 
88

 
7,888

 
406

 
8,294

Amounts reclassified from accumulated other comprehensive income to net income (1)
 
(5,368
)
 
—

 
(5,368
)
 
1,607

 
(3,761
)
Net current-period other comprehensive income
 
2,432

 
88

 
2,520

 
2,013

 
4,533

Balance, December 31, 2017
 
(249
)
 
88

 
(161
)
 
(198
)
 
(359
)
Reclassification of the income tax effects of the Tax Cuts and Jobs Act (2)
 
(256
)
 
—

 
(256
)
 
(42
)
 
(298
)
Reclassification of the of net unrealized gains on equity securities (2)
 
(953
)
 
(88
)
 
(1,041
)
 
—

 
(1,041
)
Balance after reclassification adjustments on January 1, 2018
 
(1,458
)
 
—

 
(1,458
)
 
(240
)
 
(1,698
)
Current period:
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
 
(34,091
)
 
—

 
(34,091
)
 
1,477

 
(32,614
)
Amounts reclassified from accumulated other comprehensive income (loss) to net income (1)
 
13,808

 
—

 
13,808

 
(2,159
)
 
11,649

 Net current-period other comprehensive income (loss)
 
(20,283
)
 
—

 
(20,283
)
 
(682
)
 
(20,965
)
Balance, December 31, 2018
 
$
(21,741
)
 
$
—

 
$
(21,741
)
 
$
(922
)
 
$
(22,663
)
(1)
Reclassification amounts for available-for-sale debt securities are reported as gain or loss on sale of investment securities on the consolidated statements of income. During the years ended December 31, 2018 and 2017, reclassification amounts of $18.7 million ($13.8 million net of taxes), and $8.8 million ($5.4 million net of taxes) were reported as loss and gains on sale of investment securities on the consolidated statements of income, respectively. Impairment losses recorded during the year ended December 31, 2017 were not previously deferred in accumulated other comprehensive income (loss) because Customers decided to sell the securities as of December 31, 2016. Reclassification amounts for cash flow hedges are reported as either interest expense on FHLB advances on the consolidated statements of income or other non-interest income on the consolidated statements of income for gains recognized from the discontinuance of cash flow hedge accounting for certain interest rate swaps. During the year ended December 31, 2018, a reclassification amount of $95 thousand ($70 thousand net of taxes) was reported as a reduction to interest expense on FHLB advances on the consolidated statements of income. A reclassification amount of $2.8 million ($2.1 million net of taxes) was reported as other non-interest income on the consolidated statements of income from the discontinuance of cash flow hedge accounting for certain interest rate swaps. During the year ended December 31, 2017, a reclassification amount of $2.6 million ($1.6 million net of taxes) was reported as interest expense on FHLB advances on the consolidated statements of income.
(2)
Amounts reclassified from accumulated other comprehensive income (loss) on January 1, 2018 as a result of the adoption of ASU 2018-02 and ASU 2016-01 resulted in a decrease in accumulated other comprehensive income of $1.3 million and a corresponding increase in retained earnings for the same amount. See NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION for more information.