XML 121 R23.htm IDEA: XBRL DOCUMENT
v3.20.1

Other Comprehensive Income (Loss) | 12 Months Ended
--- | ---
Dec. 31, 2019
Equity [Abstract] |
Other Comprehensive Income (Loss) | OTHER COMPREHENSIVE INCOME (LOSS) The following tables present a reconciliation of the changes in the components of other comprehensive income and loss for the periods indicated, including the amount of tax (expense) benefit allocated to each component:
|  | For The Year Ended December 31, 2019
(In thousands) |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount
AFS Securities: |  |  |  |  |  |
Unrealized holdings gains |  | $ | 26,743 |  |  | $ | (5,750 | ) |  | $ | 20,993 |
Less: reclassification adjustment for realized losses(1) |  | (105 | ) |  | 22 |  |  | (83 | )
Net unrealized gains |  | 26,848 |  |  | (5,772 | ) |  | 21,076 |
Cash Flow Hedges: |  |  |  |  |  |
Net decrease in fair value |  | (2,973 | ) |  | 639 |  |  | (2,334 | )
Less: effective portion reclassified into interest expense(2) |  | (921 | ) |  | 198 |  |  | (723 | )
Net decrease in fair value |  | (2,052 | ) |  | 441 |  |  | (1,611 | )
Postretirement Plans: |  |  |  |  |  |
Net actuarial loss |  | (1,918 | ) |  | 412 |  |  | (1,506 | )
Less: Amortization of net actuarial losses(3) |  | (271 | ) |  | 59 |  |  | (212 | )
Less: Amortization of net prior service credits(3) |  | 24 |  |  | (5 | ) |  | 19 |
Net loss on postretirement plans |  | (1,671 | ) |  | 358 |  |  | (1,313 | )
Other comprehensive income |  | $ | 23,125 |  |  | $ | (4,973 | ) |  | $ | 18,152 |
|  | For The Year Ended December 31, 2018
(In thousands) |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount
AFS Securities: |  |  |  |  |  |
Unrealized holdings losses |  | $ | (10,846 | ) |  | $ | 2,332 |  |  | $ | (8,514 | )
Less: reclassification adjustment for realized losses(1) |  | (663 | ) |  | 142 |  |  | (521 | )
Net unrealized losses |  | (10,183 | ) |  | 2,190 |  |  | (7,993 | )
Cash Flow Hedges: |  |  |  |  |  |
Net increase in fair value |  | 1,066 |  |  | (229 | ) |  | 837 |
Less: effective portion reclassified into interest expense(2) |  | (831 | ) |  | 179 |  |  | (652 | )
Net increase in fair value |  | 1,897 |  |  | (408 | ) |  | 1,489 |
Postretirement Plans: |  |  |  |  |  |
Net actuarial gain |  | 1,743 |  |  | (375 | ) |  | 1,368 |
Less: Amortization of net actuarial losses(3) |  | (613 | ) |  | 131 |  |  | (482 | )
Less: Amortization of net prior service credits(3) |  | 24 |  |  | (5 | ) |  | 19 |
Net loss on postretirement plans |  | 2,332 |  |  | (501 | ) |  | 1,831 |
Other comprehensive loss |  | $ | (5,954 | ) |  | $ | 1,281 |  |  | $ | (4,673 | )
|  | For The Year Ended December 31, 2017
(In thousands) |  | Pre-Tax Amount |  | Tax (Expense) Benefit |  | After-Tax Amount
AFS Securities: |  |  |  |  |  |
Unrealized holdings losses |  | $ | (2,905 | ) |  | $ | 1,017 |  |  | $ | (1,888 | )
Less: reclassification adjustment for realized gains(1) |  | 855 |  |  | (299 | ) |  | 556 |
Net unrealized losses |  | (3,760 | ) |  | 1,316 |  |  | (2,444 | )
Cash Flow Hedges: |  |  |  |  |  |
Net decrease in fair value |  | (382 | ) |  | 134 |  |  | (248 | )
Less: effective portion reclassified into interest expense(2) |  | (1,592 | ) |  | 557 |  |  | (1,035 | )
Net increase in fair value |  | 1,210 |  |  | (423 | ) |  | 787 |
Postretirement Plans: |  |  |  |  |  |
Net actuarial loss |  | (2,065 | ) |  | 723 |  |  | (1,342 | )
Less: amortization of net actuarial losses(3) |  | (286 | ) |  | 100 |  |  | (186 | )
Less: amortization of net prior service credits(3) |  | 24 |  |  | (8 | ) |  | 16 |
Net loss on postretirement plans |  | (1,803 | ) |  | 631 |  |  | (1,172 | )
Other comprehensive loss |  | $ | (4,353 | ) |  | $ | 1,524 |  |  | $ | (2,829 | )
(1) | Reclassified into net (loss) gain on sale of securities on the consolidated statements of income.
(2) | Reclassified into interest on borrowings and subordinated debentures on the consolidated statements of income.
(3) | Reclassified into compensation and related benefits and other expense on the consolidated statements of income. Refer to Note 18 of the consolidated financial statements for further details.
The Company adopted ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02"), in 2017 and reclassified certain tax effects from AOCI to retained earnings, related to items that were stranded in other comprehensive income or loss as a result of the Tax Act. A description of the tax effects on other comprehensive income or loss upon are presented within the table below. The following table presents the changes in each component of AOCI for the periods indicated:
(In thousands) |  | Net Unrealized Gains (Losses) on AFS Securities(1) |  | Net Unrealized Losses on Cash Flow Hedges(1) |  | Defined Benefit Postretirement Plans(1) |  | AOCI(1)
Balance at December 31, 2016 |  | $ | (6,085 | ) |  | $ | (5,694 | ) |  | $ | (2,130 | ) |  | $ | (13,909 | )
Other comprehensive loss before reclassifications |  | (1,888 | ) |  | (248 | ) |  | (1,342 | ) |  | (3,478 | )
Less: Amounts reclassified from AOCI |  | 556 |  |  | (1,035 | ) |  | (170 | ) |  | (649 | )
Other comprehensive loss (income) |  | (2,444 | ) |  | 787 |  |  | (1,172 | ) |  | (2,829 | )
Less: Amounts reclassified from AOCI related to adoption of ASU 2018-02 |  | (1,771 | ) |  | (1,019 | ) |  | (686 | ) |  | (3,476 | )
Balance at December 31, 2017 |  | (10,300 | ) |  | (5,926 | ) |  | (3,988 | ) |  | (20,214 | )
Other comprehensive (loss) income before reclassifications |  | (8,514 | ) |  | 837 |  |  | 1,368 |  |  | (6,309 | )
Less: Amounts reclassified from AOCI |  | (521 | ) |  | (652 | ) |  | (463 | ) |  | (1,636 | )
Other comprehensive loss (income) |  | (7,993 | ) |  | 1,489 |  |  | 1,831 |  |  | (4,673 | )
Net amount reclassified to AOCI related to adoption of ASU 2016-01 and ASU 2017-12 |  | 467 |  |  | — |  |  | — |  |  | 467 |
Balance at December 31, 2018 |  | (17,826 | ) |  | (4,437 | ) |  | (2,157 | ) |  | (24,420 | )
Other comprehensive income (loss) before reclassifications |  | 20,993 |  |  | (2,334 | ) |  | (1,506 | ) |  | 17,153 |
Less: Amounts reclassified from AOCI |  | (83 | ) |  | (723 | ) |  | (193 | ) |  | (999 | )
Other comprehensive income (loss) |  | 21,076 |  |  | (1,611 | ) |  | (1,313 | ) |  | 18,152 |
Balance at December 31, 2019 |  | $ | 3,250 |  |  | $ | (6,048 | ) |  | $ | (3,470 | ) |  | $ | (6,268 | )
(1) | All amounts are net of tax.

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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