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Changes and Reclassifications Out of Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2015 and 2014:
 
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
(In thousands)
Pretax
 
Tax
 
After tax
 
Pretax
 
Tax
 
After tax
Unrealized and realized securities gains and losses:
 
 
 
 
 
 
 
 
 
 
 
Balance at the beginning of the period
$
24,728

 
$
8,656

 
$
16,072

 
$
(8,531
)
 
$
(2,985
)
 
$
(5,546
)
Changes in unrealized securities' holding gains/(losses)
(28,642
)
 
(10,024
)
 
(18,618
)
 
5,475

 
1,916

 
3,559

Changes in unrealized securities' holding gains/(losses) that result from securities being transferred from available-for-sale into held-to-maturity
(575
)
 
(203
)
 
(372
)
 
(1,079
)
 
(378
)
 
(701
)
Net losses/(gains) realized on sale of securities reclassified to noninterest income
(567
)
 
(198
)
 
(369
)
 
(921
)
 
(322
)
 
(599
)
Balance at the end of the period
(5,056
)
 
(1,769
)
 
(3,287
)
 
(5,056
)
 
(1,769
)
 
(3,287
)
Pension plans and other postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Balance at the beginning and end of the period
(100,520
)
 
(35,181
)
 
(65,339
)
 
(102,068
)
 
(35,722
)
 
(66,346
)
Current year actual losses (gains)

 

 

 

 

 

Amortization of actuarial gain
1,138

 
399

 
739

 
2,276

 
797

 
1,479

Amortization of prior service cost reclassified to other noninterest expense
410

 
144

 
266

 
820

 
287

 
533

Balance at the end of the period
(98,972
)
 
(34,638
)
 
(64,334
)
 
(98,972
)
 
(34,638
)
 
(64,334
)
Total Accumulated Other Comprehensive Income
$
(104,028
)
 
$
(36,407
)
 
$
(67,621
)
 
$
(104,028
)
 
$
(36,407
)
 
$
(67,621
)
 
 
 
 
 
 
 
 
 
 
 
 


 
Three Months Ended June 30, 2014
 
Six Months Ended June 30, 2014
(In thousands)
Pretax
 
Tax
 
After tax
 
Pretax
 
Tax
 
After tax
Unrealized and realized securities gains and losses:
 
 
 
 
 
 
 
 
 
 
 
Balance at the beginning of the period
$
(27,578
)
 
$
(9,653
)
 
$
(17,925
)
 
$
(45,072
)
 
$
(15,775
)
 
$
(29,297
)
Changes in unrealized securities' holding gains/(losses)
22,456

 
7,860

 
14,596

 
40,500

 
14,175

 
26,325

Changes in unrealized securities' holding gains/(losses) that result from securities being transferred from available-for-sale into held-to-maturity
(494
)
 
(173
)
 
(321
)
 
(988
)
 
(346
)
 
(642
)
Net losses/(gains) realized on sale of securities reclassified to noninterest income
(80
)
 
(28
)
 
(52
)
 
(136
)
 
(48
)
 
(88
)
Balance at the end of the period
(5,696
)
 
(1,994
)
 
(3,702
)
 
(5,696
)
 
(1,994
)
 
(3,702
)
Pension plans and other postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Balance at the beginning and end of the period
(57,812
)
 
(20,233
)
 
(37,579
)
 
(57,812
)
 
(20,233
)
 
(37,579
)
Current year actual losses/(gains)

 

 

 

 

 

Amortization of actuarial losses/(gains)
1,631

 
571

 
1,060

 
1,631

 
571

 
1,060

Amortization of prior service cost reclassified to other noninterest expense
1,097

 
383

 
714

 
1,097

 
383

 
714

Balance at the end of the period
(55,084
)
 
(19,279
)
 
(35,805
)
 
(55,084
)
 
(19,279
)
 
(35,805
)
Total Accumulated Other Comprehensive Income
$
(60,780
)
 
$
(21,273
)
 
$
(39,507
)
 
$
(60,780
)
 
$
(21,273
)
 
$
(39,507
)
 
 
 
 
 
 
 
 
 
 
 
 

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 and six months ended June 30, 2015 and 2014:
(In thousands)
 
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
 
Income statement line item presentation
Realized (gains)/losses on sale of securities
 
$
(567
)
 
$
(921
)
 
Investment securities losses (gains), net
Tax expense (benefit) (35%)
 
(198
)
 
(322
)
 
Income tax expense (benefit)
Reclassified amount, net of tax
 
$
(369
)
 
$
(599
)
 
 
 
 
 
 
 
 
 


(In thousands)
 
Three Months Ended June 30, 2014
 
Six Months Ended June 30, 2014
 
Income statement line item presentation
Realized (gains)/losses on sale of securities
 
$
(80
)
 
$
(136
)
 
Investment securities losses (gains), net
Tax expense (benefit) (35%)
 
(28
)
 
(48
)
 
Income tax expense (benefit)
Reclassified amount, net of tax
 
$
(52
)
 
$
(88
)