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Changes and Reclassifications Out of Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2015
Changes and Reclassifications Out of Other Comprehensive Income [Abstract]  
Comprehensive Income (Loss)
The following table presents the changes in AOCI by components of comprehensive income for the years ended December 31, 2015 and 2014:
 
Year Ended December 31, 2015
(In thousands)
Pre-tax
 
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)
(19,842
)
 
(11,253
)
 
(8,589
)
Changes in unrealized securities’ holding gains/(losses) that result from securities being transferred into available-for-sale from held-to-maturity
(3,456
)
 
(1,254
)
 
(2,202
)
Net losses/(gains) realized on sale of securities reclassified to noninterest income
(957
)
 
(348
)
 
(609
)
Balance at the end of the period
(32,786
)
 
(15,840
)
 
(16,946
)
Pension plans and other postretirement benefits:
 
 
 
 
 
Balance at the beginning and end of the period
(102,068
)
 
(35,722
)
 
(66,346
)
Current year actual gains/(losses)
116

 
42

 
74

Amortization of actuarial losses/(gains)
4,552

 
1,652

 
2,900

Amortization of prior service cost reclassified to other noninterest expense
1,640

 
596

 
1,044

Balance at the end of the period
(95,760
)
 
(33,432
)
 
(62,328
)
Total Accumulated Other Comprehensive Income
$
(128,546
)
 
$
(49,272
)
 
$
(79,274
)
 
 
 
 
 
 

 
Year Ended December 31, 2014
(In thousands)
Pre-tax
 
Tax
 
After-tax
Unrealized and realized securities gains and losses:
 
 
 
 
 
Balance at the beginning of the period
$
(45,072
)
 
$
(15,776
)
 
$
(29,296
)
Changes in unrealized securities’ holding gains/(losses)
38,864

 
13,602

 
25,262

Changes in unrealized securities’ holding gains/(losses) that result from securities being transferred into available-for-sale from held-to-maturity
(2,157
)
 
(753
)
 
(1,404
)
Net losses/(gains) realized on sale of securities reclassified to noninterest income
(166
)
 
(58
)
 
(108
)
Balance at the end of the period
(8,531
)
 
(2,985
)
 
(5,546
)
Pension plans and other postretirement benefits:
 
 
 
 
 
Balance at the beginning and end of the period
(57,813
)
 
(20,233
)
 
(37,580
)
Current year actual gains/(losses)
(49,552
)
 
(17,344
)
 
(32,208
)
Amortization of actuarial losses/(gains)
3,166

 
1,108

 
2,058

Amortization of prior service cost reclassified to other noninterest expense
2,131

 
747

 
1,384

Balance at the end of the period
(102,068
)
 
(35,722
)
 
(66,346
)
Total Accumulated Other Comprehensive Income
$
(110,599
)
 
$
(38,707
)
 
$
(71,892
)
 
 
 
 
 
 
Reclassification out of Accumulated Other Comprehensive Income
The following table presents current period reclassifications out of AOCI by component of comprehensive income for the years ended December 31, 2015 and 2014:
(In thousands)
Year Ended December 31, 2015
 
Statement of Income line item presentation
Realized (gains) losses on sale of securities
$
(957
)
 
Investment securities losses (gains), net
Tax expense (benefit) (36.3%)
(348
)
 
Income tax expense (benefit)
Reclassified amount, net of tax
$
(609
)
 
 
 
 
 
 


(In thousands)
Year Ended December 31, 2014
 
Statement of Income line item presentation
Realized (gains) losses on sale of securities
$
(166
)
 
Investment securities losses (gains), net
Tax expense (benefit) (35%)
(58
)
 
Income tax expense (benefit)
Reclassified amount, net of tax
$
(108
)