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Changes and Reclassifications Out of Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2015
Changes and Reclassifications Out of Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes and Reclassifications Out of Accumulated Other Comprehensive Income

The following table presents the changes in AOCI by component of comprehensive income for the three months ended March 31, 2015 and 2014:
 
Three Months Ended March 31, 2015
 
(In thousands)
Pretax
 
Tax
 
After tax
 
Unrealized and realized securities gains and losses:
 
 
 
 
 
 
Balance at the beginning of the period
$
(8,531
)
 
$
(2,985
)
 
$
(5,546
)
 
Changes in unrealized securities' holding gains/(losses)
34,117

 
11,941

 
22,176

 
Changes in unrealized securities' holding gains/(losses) that result from securities being transferred from available-for-sale into held-to-maturity
(504
)
 
(176
)
 
(328
)
 
Net losses/(gains) realized on sale of securities reclassified to noninterest income
(354
)
 
(124
)
 
(230
)
 
Balance at the end of the period
24,728

 
8,656

 
16,072

 
Pension plans and other postretirement benefits:
 
 
 
 
 
 
Balance at the beginning and end of the period
(102,068
)
 
(35,722
)
 
(66,346
)
 
Amortization of actuarial gain
1,138

 
398

 
740

 
Amortization of prior service cost reclassified to other noninterest expense
410

 
143

 
267

 
Balance at the end of the period
(100,520
)
 
(35,181
)
 
(65,339
)
 
Total Accumulated Other Comprehensive Income
$
(75,792
)
 
$
(26,525
)
 
$
(49,267
)
 
 
 
 
 
 
 
 


 
Three Months Ended March 31, 2014
 
(In thousands)
Pretax
 
Tax
 
After tax
 
Unrealized and realized securities gains and losses:
 
 
 
 
 
 
Balance at the beginning of the period
$
(45,072
)
 
$
(15,775
)
 
$
(29,297
)
 
Changes in unrealized securities' holding gains/(losses)
18,044

 
6,315

 
11,729

 
Changes in unrealized securities' holding gains/(losses) that result from securities being transferred from available-for-sale into held-to-maturity
(494
)
 
(173
)
 
(321
)
 
Net losses/(gains) realized on sale of securities reclassified to noninterest income
(56
)
 
(20
)
 
(36
)
 
Balance at the end of the period
(27,578
)
 
(9,653
)
 
(17,925
)
 
Pension plans and other postretirement benefits:
 
 
 
 
 
 
Balance at the beginning and end of the period
(57,812
)
 
(20,233
)
 
(37,579
)
 
Current year actual losses/(gains)

 

 

 
Amortization of actuarial losses/(gains)

 

 

 
Amortization of prior service cost reclassified to other noninterest expense

 

 

 
Balance at the end of the period
(57,812
)
 
(20,233
)
 
(37,579
)
 
Total Accumulated Other Comprehensive Income
$
(85,390
)
 
$
(29,886
)
 
$
(55,504
)
 
 
 
 
 
 
 
 

Tax Effect of Changes and Reclassifications Out of Accumulated Other Comprehensive Income
The following table presents current period reclassifications out of AOCI by component of comprehensive income for the three months ended March 31, 2015 and 2014:
(In thousands)
 
Three Months Ended March 31, 2015
 
Income statement line item presentation
Realized (gains)/losses on sale of securities
 
$
(354
)
 
Investment securities losses (gains), net
Tax expense (benefit) (35%)
 
(124
)
 
Income tax expense (benefit)
Reclassified amount, net of tax
 
$
(230
)
 
 
 
 
 
 
 


(In thousands)
 
Three Months Ended March 31, 2014
 
Income statement line item presentation
Realized (gains)/losses on sale of securities
 
$
(56
)
 
Investment securities losses (gains), net
Tax expense (benefit) (35%)
 
(20
)
 
Income tax expense (benefit)
Reclassified amount, net of tax
 
$
(36
)