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Changes in Accumulated Other Comprehensive Income (Loss) By Component

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss) By Component

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT

The following tables present the changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2019 and 2018. All amounts are presented net of tax. Amounts in parentheses indicate reductions to AOCI.

			Three Months Ended September 30, 2019
			Available-for-Sale Debt Securities
(amounts in thousands)			Unrealized Gains (Losses)			Foreign Currency Items			Total Unrealized Gains (Losses)						Unrealized Gains (Losses) on Cash Flow Hedges												Total
Balance - June 30, 2019			$	6,802		$	—		$	6,802					$	(16,795)											$	(9,993)
Other comprehensive income (loss) before reclassifications			5,815			—			5,815						(3,821)												1,994
Amounts reclassified from accumulated other comprehensive income (loss) to net income (1)			(741)			—			(741)						566												(175)
Net current-period other comprehensive income (loss)			5,074			—			5,074						(3,255)												1,819
Balance - September 30, 2019			$	11,876		$	—		$	11,876					$	(20,050)											$	(8,174)

			Nine Months Ended September 30, 2019
			Available-for-Sale Debt 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, 2018			$	(21,741)		$	—		$	(21,741)					$	(922)											$	(22,663)
Other comprehensive income (loss) before reclassifications			34,358			—			34,358						(19,391)												14,967
Amounts reclassified from accumulated other comprehensive income (loss) to net income (1)			(741)			—			(741)						263												(478)
Net current-period other comprehensive income (loss)			33,617			—			33,617						(19,128)												14,489
Balance - September 30, 2019			$	11,876		$	—		$	11,876					$	(20,050)											$	(8,174)

(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 both the three and nine months ended September 30, 2019 reclassification amounts of $1.0 million ($0.7 million net of taxes) were reported as gain on sale of investment securities on the consolidated statements of income. Reclassification amounts for cash flow hedges are reported as interest expense for the applicable hedged items on the consolidated statements of income. During the three and nine months ended September 30, 2019, reclassification amounts of $0.8 million ($0.6 million net of taxes) and $0.4 million ($0.3 million net of taxes), respectively, were reported as increases to interest expense for the applicable hedged items on the consolidated statements of income.

			Three Months Ended September 30, 2018
			Available-for-Sale Debt Securities
(amounts in thousands)			Unrealized Gains (Losses)			Foreign Currency Items			Unrealized Gains (Losses) on Available-For-Sale Securities						Unrealized Gains (Losses) on Cash Flow Hedges						Total
Balance - June 30, 2018			$	(35,711)		$	—		$	(35,711)					$	1,714					$	(33,997)
Other comprehensive income (loss) before reclassifications			(1,206)			—			(1,206)						3,006						1,800
Amounts reclassified from accumulated other comprehensive income (loss) to net income (1)			13,808			—			13,808						(1,864)						11,944
Net current-period other comprehensive income (loss)			12,602			—			12,602						1,142						13,744
Balance - September 30, 2018			$	(23,109)		$	—		$	(23,109)					$	2,856					$	(20,253)

			Nine Months Ended September 30, 2018
			Available-for-Sale Debt Securities
(amounts in thousands)			Unrealized Gains (Losses)			Foreign Currency Items			Unrealized Gains (Losses) on Available-For-Sale Securities						Unrealized Gains (Losses) on Cash Flow Hedges						Total
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 net unrealized gains on equity securities  (2)			(953)			(88)			(1,041)						—						(1,041)
Balance after reclassifications on January 1, 2018			(1,458)			—			(1,458)						(240)						(1,698)
Other comprehensive income (loss) before reclassifications			(35,459)			—			(35,459)						5,055						(30,404)
Amounts reclassified from accumulated other comprehensive income (loss) to net income (1)			13,808			—			13,808						(1,959)						11,849
Net current-period other comprehensive income			(21,651)			—			(21,651)						3,096						(18,555)
Balance - September 30, 2018			$	(23,109)		$	—		$	(23,109)					$	2,856					$	(20,253)

(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 both the three and nine months ended September 30, 2018, reclassification amounts of $18.7 million ($13.8 million net of taxes), were reported as loss on sale of investment securities on the consolidated statements of income. Reclassification amounts for cash flow hedges are reported as interest expense for the applicable hedged items on the consolidated statements of income or other non-interest income on the consolidated statements of income for gains from the discontinuance of cash flow hedge accounting for certain interest rate swaps. During the three and nine months ended September 30, 2018, reclassification amounts of $303 thousand ($224 thousand net of taxes) and $175 thousand ($129 thousand net of taxes) were reported as interest expense on hedged items on the the consolidated statements of income. During the three and nine months ended September 30, 2018, reclassification amounts of $2.8 million ($2.1 million net of taxes), respectively, were 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.

(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 AOCI of $1.3 million and a corresponding increase in retained earnings for the same amount.

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- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI http://asc.fasb.org/topic&trid=2134417

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- References

No definition available.

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