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Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2020
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] |
Components of Other Comprehensive Income (Loss) | The following tables present the components of other comprehensive income (loss) for the three and six months ended June 30, 2020 and 2019 (in thousands):
|  | Pre-tax Amount |  |  | Tax Effect |  |  | Net-of-tax Amount |
Three months ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale and transferred securities: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain/loss during the period |  | $ | 2,912 |  |  | $ | 746 |  |  | $ | 2,166 |
Reclassification adjustment for net gains included in net income (1) |  |  | (571 | ) |  |  | (146 | ) |  |  | (425 | )
Total securities available for sale and transferred securities |  |  | 2,341 |  |  |  | 600 |  |  |  | 1,741 |
Hedging derivative instruments: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain/loss during the period |  |  | (522 | ) |  |  | (134 | ) |  |  | (388 | )
Pension and post-retirement obligations: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of prior service credit included in income |  |  | (9 | ) |  |  | (3 | ) |  |  | (6 | )
Amortization of net actuarial loss included in income |  |  | 323 |  |  |  | 84 |  |  |  | 239 |
Total pension and post-retirement obligations |  |  | 314 |  |  |  | 81 |  |  |  | 233 |
Other comprehensive income |  | $ | 2,133 |  |  | $ | 547 |  |  | $ | 1,586 |
Six months ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale and transferred securities: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain/loss during the period |  | $ | 19,363 |  |  | $ | 4,961 |  |  | $ | 14,402 |
Reclassification adjustment for net gains included in net income (1) |  |  | (746 | ) |  |  | (191 | ) |  |  | (555 | )
Total securities available for sale and transferred securities |  |  | 18,617 |  |  |  | 4,770 |  |  |  | 13,847 |
Hedging derivative instruments: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain/loss during the period |  |  | (399 | ) |  |  | (102 | ) |  |  | (297 | )
Pension and post-retirement obligations: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of prior service credit included in income |  |  | (18 | ) |  |  | (5 | ) |  |  | (13 | )
Amortization of net actuarial loss included in income |  |  | 646 |  |  |  | 166 |  |  |  | 480 |
Total pension and post-retirement obligations |  |  | 628 |  |  |  | 161 |  |  |  | 467 |
Other comprehensive loss |  | $ | 18,846 |  |  | $ | 4,829 |  |  | $ | 14,017 |
(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 June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale and transferred securities: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain/loss during the period |  | $ | 7,046 |  |  | $ | 1,776 |  |  | $ | 5,270 |
Reclassification adjustment for net gains included in net income (1) |  |  | (42 | ) |  |  | (11 | ) |  |  | (31 | )
Total securities available for sale and transferred securities |  |  | 7,004 |  |  |  | 1,765 |  |  |  | 5,239 |
Hedging derivative instruments: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain/loss during the period |  |  | (141 | ) |  |  | (35 | ) |  |  | (106 | )
Pension and post-retirement obligations: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of prior service credit included in income |  |  | (17 | ) |  |  | (4 | ) |  |  | (13 | )
Amortization of net actuarial loss included in income |  |  | 366 |  |  |  | 92 |  |  |  | 274 |
Total pension and post-retirement obligations |  |  | 349 |  |  |  | 88 |  |  |  | 261 |
Other comprehensive income |  | $ | 7,212 |  |  | $ | 1,818 |  |  | $ | 5,394 |
Six months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale and transferred securities: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain/loss during the period |  | $ | 14,230 |  |  | $ | 3,587 |  |  | $ | 10,643 |
Reclassification adjustment for net gains included in net income (1) |  |  | 132 |  |  |  | 33 |  |  |  | 99 |
Total securities available for sale and transferred securities |  |  | 14,362 |  |  |  | 3,620 |  |  |  | 10,742 |
Hedging derivative instruments: |  |  |  |  |  |  |  |  |  |  |  |
Change in unrealized gain/loss during the period |  |  | (481 | ) |  |  | (121 | ) |  |  | (360 | )
Pension and post-retirement obligations: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of prior service credit included in income |  |  | (33 | ) |  |  | (8 | ) |  |  | (25 | )
Amortization of net actuarial loss included in income |  |  | 732 |  |  |  | 185 |  |  |  | 547 |
Total pension and post-retirement obligations |  |  | 699 |  |  |  | 177 |  |  |  | 522 |
Other comprehensive income |  | $ | 14,580 |  |  | $ | 3,676 |  |  | $ | 10,904 |
(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.
Components of Accumulated Other Comprehensive Income (Loss) | Activity in accumulated other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2020 and 2019 was as follows (in thousands):
|  | Hedging Derivative Instruments |  |  | Securities Available for Sale and Transferred Securities |  |  | Pension and Post- retirement Obligations |  |  | Accumulated Other Comprehensive Income (Loss) |
Three months ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (427 | ) |  | $ | 12,979 |  |  | $ | (14,634 | ) |  | $ | (2,082 | )
Other comprehensive income before reclassifications |  |  | (388 | ) |  |  | 2,166 |  |  |  | — |  |  |  | 1,778 |
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | — |  |  |  | (425 | ) |  |  | 233 |  |  |  | (192 | )
Net current period other comprehensive income |  |  | (388 | ) |  |  | 1,741 |  |  |  | 233 |  |  |  | 1,586 |
Balance at end of period |  | $ | (815 | ) |  | $ | 14,720 |  |  | $ | (14,401 | ) |  | $ | (496 | )
Six months ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (518 | ) |  | $ | 873 |  |  | $ | (14,868 | ) |  | $ | (14,513 | )
Other comprehensive income (loss) before reclassifications |  |  | (297 | ) |  |  | 14,402 |  |  |  | — |  |  |  | 14,105 |
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | — |  |  |  | (555 | ) |  |  | 467 |  |  |  | (88 | )
Net current period other comprehensive income (loss) |  |  | (297 | ) |  |  | 13,847 |  |  |  | 467 |  |  |  | 14,017 |
Balance at end of period |  | $ | (815 | ) |  | $ | 14,720 |  |  | $ | (14,401 | ) |  | $ | (496 | )
Three months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (530 | ) |  | $ | (2,947 | ) |  | $ | (15,077 | ) |  | $ | (18,554 | )
Other comprehensive income (loss) before reclassifications |  |  | (106 | ) |  |  | 5,270 |  |  |  | — |  |  |  | 5,164 |
Amounts reclassified from accumulated other comprehensive income |  |  | — |  |  |  | (31 | ) |  |  | 261 |  |  |  | 230 |
Net current period other comprehensive income (loss) |  |  | (106 | ) |  |  | 5,239 |  |  |  | 261 |  |  |  | 5,394 |
Balance at end of period |  | $ | (636 | ) |  | $ | 2,292 |  |  | $ | (14,816 | ) |  | $ | (13,160 | )
Six months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (276 | ) |  | $ | (7,769 | ) |  | $ | (13,236 | ) |  |  | (21,281 | )
Reclassification of income tax effects to retained earnings |  |  | — |  |  |  | (681 | ) |  |  | (2,102 | ) |  |  | (2,783 | )
Other comprehensive income (loss) before reclassifications |  |  | (360 | ) |  |  | 10,643 |  |  |  | — |  |  |  | 10,283 |
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | — |  |  |  | 99 |  |  |  | 522 |  |  |  | 621 |
Net current period other comprehensive income (loss) |  |  | (360 | ) |  |  | 10,742 |  |  |  | 522 |  |  |  | 10,904 |
Balance at end of period |  | $ | (636 | ) |  | $ | 2,292 |  |  | $ | (14,816 | ) |  | $ | (13,160 | )
Amounts Reclassified Out Of Each Component Of Accumulated Other Comprehensive Income (Loss) | The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2020 and 2019 (in thousands):
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 |  |  |
|  | June 30, |  |  |
|  | 2020 |  |  | 2019 |  |  |
Realized gain on sale of investment securities |  | $ | 674 |  |  | $ | 166 |  |  | Net gain on investment securities
Amortization of unrealized holding losses on investment securities transferred from available for sale to held to maturity |  |  | (103 | ) |  |  | (124 | ) |  | Interest income
|  |  | 571 |  |  |  | 42 |  |  | Total before tax
|  |  | (146 | ) |  |  | (11 | ) |  | Income tax expense
|  |  | 425 |  |  |  | 31 |  |  | Net of tax
Amortization of pension and post-retirement items: |  |  |  |  |  |  |  |  |  |
Prior service credit (1) |  |  | 9 |  |  |  | 17 |  |  | Salaries and employee benefits
Net actuarial losses (1) |  |  | (323 | ) |  |  | (366 | ) |  | Salaries and employee benefits
|  |  | (314 | ) |  |  | (349 | ) |  | Total before tax
|  |  | 81 |  |  |  | 88 |  |  | Income tax benefit
|  |  | (233 | ) |  |  | (261 | ) |  | Net of tax
Total reclassified for the period |  | $ | 192 |  |  | $ | (230 | ) |  |
|  | Six months ended |  |  |
|  | June 30, |  |  |
|  | 2020 |  |  | 2019 |  |  |
Realized gain on sale of investment securities |  | $ | 895 |  |  | $ | 113 |  |  | Net gain on investment securities
Amortization of unrealized holding losses on investment securities transferred from available for sale to held to maturity |  |  | (149 | ) |  |  | (245 | ) |  | Interest income
|  |  | 746 |  |  |  | (132 | ) |  | Total before tax
|  |  | (191 | ) |  |  | 33 |  |  | Income tax (expense) benefit
|  |  | 555 |  |  |  | (99 | ) |  | Net of tax
Amortization of pension and post-retirement items: |  |  |  |  |  |  |  |  |  |
Prior service credit (1) |  |  | 18 |  |  |  | 33 |  |  | Salaries and employee benefits
Net actuarial losses (1) |  |  | (646 | ) |  |  | (732 | ) |  | Salaries and employee benefits
|  |  | (628 | ) |  |  | (699 | ) |  | Total before tax
|  |  | 161 |  |  |  | 177 |  |  | Income tax benefit
|  |  | (467 | ) |  |  | (522 | ) |  | Net of tax
Total reclassified for the period |  | $ | 88 |  |  | $ | (621 | ) |  |
(1) | These items are included in the computation of net periodic pension expense. See Note 11 – Employee Benefit Plans for additional information.

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e526-108580 + Details
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