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Changes and Reclassifications Out of Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2016
Changes and Reclassifications Out of Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in AOCI by component of comprehensive income for the three months ended March 31, 2016 and 2015:
 
Three Months Ended
 
March 31, 2016
(In thousands)
Pretax
 
Tax
 
After tax
Unrealized and realized securities gains and losses:
 
 
 
 
 
Balance at the beginning of the period
$
(32,786
)
 
$
(15,840
)
 
$
(16,946
)
Changes in unrealized securities' holding gains/(losses)
48,379

 
17,562

 
30,817

Changes in unrealized securities' holding gains/(losses) that result from securities being transferred from available-for-sale into held-to-maturity
(1,441
)
 
(147
)
 
(1,294
)
Net losses/(gains) realized on sale of securities reclassified to noninterest income
295

 
107

 
188

Balance at the end of the period
14,447

 
1,682

 
12,765

Pension plans and other postretirement benefits:
 
 
 
 
 
Balance at the beginning of the period
(95,760
)
 
(33,432
)
 
(62,328
)
Current year actual losses/(gains)
—

 
—

 
—

Amortization of actuarial losses/(gains)
2,168

 
773

 
1,395

Amortization of prior service cost reclassified to other noninterest expense
(260
)
 
(87
)
 
(173
)
Balance at the end of the period
(93,852
)
 
(32,746
)
 
(61,106
)
Total Accumulated Other Comprehensive Income
$
(79,405
)
 
$
(31,064
)
 
$
(48,341
)
 
 
 
 
 
 


 
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 of the period
(102,068
)
 
(35,722
)
 
(66,346
)
Amortization of actuarial losses/(gains)
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
)
 
 
 
 
 
 
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, 2016 and 2015:
 
 
Three Months Ended
 
 
(In thousands)
 
March 31, 2016
 
Income statement line item presentation
Realized (gains)/losses on sale of securities
 
$
295

 
Investment securities losses (gains), net
Tax expense (benefit) (36.3%)
 
107

 
Income tax expense (benefit)
Reclassified amount, net of tax
 
$
188

 
 
 
 
 
 
 


 
 
Three Months Ended
 
 
(In thousands)
 
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
)