Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2018

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Components Of Other Comprehensive Income (Loss)

	Pre-tax Amount			Tax Effect			Net-of-tax Amount
Three months ended September 30, 2018
Securities available for sale and transferred securities:
Change in unrealized gain/loss during the period	$	(2,532	)	$	(639	)	$	(1,893	)
Reclassification adjustment for net gains included in net income ⁽¹⁾		209			52			157
Total securities available for sale and transferred securities		(2,323	)		(587	)		(1,736	)
Hedging derivative instruments:
Change in unrealized gain/loss during the period		114			29			85
Pension and post-retirement obligations:
Amortization of prior service credit included in income		(18	)		(4	)		(14	)
Amortization of net actuarial loss included in income		188			47			141
Total pension and post-retirement obligations		170			43			127
Other comprehensive loss	$	(2,039	)	$	(515	)	$	(1,524	)
Nine months ended September 30, 2018
Securities available for sale and transferred securities:
Change in unrealized gain/loss during the period	$	(14,411	)	$	(3,633	)	$	(10,778	)
Reclassification adjustment for net gains included in net income ⁽¹⁾		381			96			285
Total securities available for sale and transferred securities		(14,030	)		(3,537	)		(10,493	)
Hedging derivative instruments:
Change in unrealized gain/loss during the period		278			70			208
Pension and post-retirement obligations:
Amortization of prior service credit included in income		(54	)		(14	)		(40	)
Amortization of net actuarial loss included in income		563			142			421
Total pension and post-retirement obligations		509			128			381
Other comprehensive loss	$	(13,243	)	$	(3,339	)	$	(9,904	)

(1)

Includes amounts related to the amortization/accretion of unrealized net gains and losses related to the Company’s reclassification of available for sale investment securities to the held to maturity category. The unrealized net gains/losses will be amortized/accreted over the remaining life of the investment securities as an adjustment of yield.

	Pre-tax Amount			Tax Effect			Net-of-tax Amount
Three months ended September 30, 2017
Securities available for sale and transferred securities:
Change in unrealized gain/loss during the period	$	589		$	226		$	363
Reclassification adjustment for net gains included in net income ⁽¹⁾		(127	)		(48	)		(79	)
Total securities available for sale and transferred securities		462			178			284
Hedging derivative instruments:
Change in unrealized gain/loss during the period		—			—			—
Pension and post-retirement obligations:
Amortization of prior service credit included in income		(12	)		(4	)		(8	)
Amortization of net actuarial loss included in income		291			112			179
Total pension and post-retirement obligations		279			108			171
Other comprehensive income	$	741		$	286		$	455
Nine months ended September 30, 2017
Securities available for sale and transferred securities:
Change in unrealized gain/loss during the period	$	4,747		$	1,831		$	2,916
Reclassification adjustment for net gains included in net income ⁽¹⁾		(514	)		(198	)		(316	)
Total securities available for sale and transferred securities		4,233			1,633			2,600
Hedging derivative instruments:
Change in unrealized gain/loss during the period		—			—			—
Pension and post-retirement obligations:
Amortization of prior service credit included in income		(38	)		(14	)		(24	)
Amortization of net actuarial loss included in income		874			337			537
Total pension and post-retirement obligations		836			323			513
Other comprehensive income	$	5,069		$	1,956		$	3,113

(1)

Components Of Accumulated Other Comprehensive Income (Loss)

	Hedging Derivative Instruments		Securities Available for Sale and Transferred Securities			Pension and Post- retirement Obligations			Accumulated Other Comprehensive Income (Loss)
Three months ended September 30, 2018
Balance at beginning of period	$	123	$	(12,032	)	$	(8,387	)	$	(20,296	)
Other comprehensive income (loss) before reclassifications		85		(1,893	)		—			(1,808	)
Amounts reclassified from accumulated other comprehensive income (loss)		—		157			127			284
Net current period other comprehensive income (loss)		85		(1,736	)		127			(1,524	)
Balance at end of period	$	208	$	(13,768	)	$	(8,260	)	$	(21,820	)
Nine months ended September 30, 2018
Balance at beginning of period	$	—	$	(3,275	)	$	(8,641	)	$	(11,916	)
Other comprehensive income (loss) before reclassifications		208		(10,778	)		—			(10,570	)
Amounts reclassified from accumulated other comprehensive income (loss)		—		285			381			666
Net current period other comprehensive income (loss)		208		(10,493	)		381			(9,904	)
Balance at end of period	$	208	$	(13,768	)	$	(8,260	)	$	(21,820	)
Three months ended September 30, 2017
Balance at beginning of period	$	—	$	(1,413	)	$	(9,880	)	$	(11,293	)
Other comprehensive income (loss) before reclassifications		—		363			—			363
Amounts reclassified from accumulated other comprehensive income (loss)		—		(79	)		171			92
Net current period other comprehensive income (loss)		—		284			171			455
Balance at end of period	$	—	$	(1,129	)	$	(9,709	)	$	(10,838	)
Nine months ended September 30, 2017
Balance at beginning of period	$	—	$	(3,729	)	$	(10,222	)	$	(13,951	)
Other comprehensive income (loss) before reclassifications		—		2,916			—			2,916
Amounts reclassified from accumulated other comprehensive income (loss)		—		(316	)		513			197
Net current period other comprehensive income (loss)		—		2,600			513			3,113
Balance at end of period	$	—	$	(1,129	)	$	(9,709	)	$	(10,838	)

Amounts Reclassified Out Of Each Component Of Accumulated Other Comprehensive Income (Loss)

Details About Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)						Affected Line Item in the Consolidated Statement of Income
	Three months ended
	September 30,
	2018			2017
Realized (loss) gain on sale of investment securities	$	(95	)	$	184		Net gain on investment securities
Amortization of unrealized holding gains (losses) on investment securities transferred from available for sale to held to maturity		(114	)		(57	)	Interest income
		(209	)		127		Total before tax
		52			(48	)	Income tax benefit (expense)
		(157	)		79		Net of tax
Amortization of pension and post-retirement items:
Prior service credit ⁽¹⁾		18			12		Salaries and employee benefits
Net actuarial losses ⁽¹⁾		(188	)		(291	)	Salaries and employee benefits
		(170	)		(279	)	Total before tax
		43			108		Income tax benefit
		(127	)		(171	)	Net of tax
Total reclassified for the period	$	(284	)	$	(92	)

	Nine months ended
	September 30,
	2018			2017
Realized (loss) gain on sale of investment securities	$	(88	)	$	600		Net gain on investment securities
Amortization of unrealized holding gains (losses) on investment securities transferred from available for sale to held to maturity		(293	)		(86	)	Interest income
		(381	)		514		Total before tax
		96			(198	)	Income tax benefit (expense)
		(285	)		316		Net of tax
Amortization of pension and post-retirement items:
Prior service credit ⁽¹⁾		54			38		Salaries and employee benefits
Net actuarial losses ⁽¹⁾		(563	)		(874	)	Salaries and employee benefits
		(509	)		(836	)	Total before tax
		128			323		Income tax benefit
		(381	)		(513	)	Net of tax
Total reclassified for the period	$	(666	)	$	(197	)

(1)	These items are included in the computation of net periodic pension expense. See Note 11 – Employee Benefit Plans for additional information.