Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2012

Other Comprehensive Income (Loss)

Note 14 - Other Comprehensive Income (Loss)

The tax effects allocated to each component of other comprehensive income (loss) were as follows:

	Before Tax Amount			Tax Expense, (Benefit)			Net of Tax Amount
2012
Securities available for sale:
Change in net unrealized gain/loss during the period	$	32,755		$	11,464		$	21,291
Reclassification adjustment for net (gains) losses included in net income		(4,314	)		(1,510	)		(2,804	)
Total securities available for sale		28,441			9,954			18,487
Defined-benefit post-retirement benefit plans:
Change in the net actuarial gain/loss		(9,405	)		(3,292	)		(6,113	)
Derivatives:
Change in the accumulated gain/loss on effective cash flow hedge derivatives		(783	)		(274	)		(509	)
Reclassification adjustments for (gains) losses included in net income:
Interest rate swaps on variable-rate loans		(37,380	)		(13,083	)		(24,297	)
Interest rate swap on junior subordinated deferrable interest debentures		4,224			1,478			2,746
Total derivatives		(33,939	)		(11,879	)		(22,060	)
Total other comprehensive income (loss)	$	(14,903	)	$	(5,217	)	$	(9,686	)
2011
Securities available for sale:
Change in net unrealized gain/loss during the period	$	208,015		$	72,806		$	135,209
Reclassification adjustment for net (gains) losses included in net income		(6,414	)		(2,245	)		(4,169	)
Total securities available for sale		201,601			70,561			131,040
Defined-benefit post-retirement benefit plans:
Change in the net actuarial gain/loss		(22,463	)		(7,862	)		(14,601	)
Derivatives:
Change in the accumulated gain/loss on effective cash flow hedge derivatives		(2,321	)		(812	)		(1,509	)
Reclassification adjustments for (gains) losses included in net income:
Interest rate swaps on variable-rate loans		(37,380	)		(13,083	)		(24,297	)
Interest rate swap on junior subordinated deferrable interest debentures		4,386			1,535			2,851
Total derivatives		(35,315	)		(12,360	)		(22,955	)
Total other comprehensive income (loss)	$	143,823		$	50,339		$	93,484
2010
Securities available for sale:
Change in net unrealized gain/loss during the period	$	(21,568	)	$	(7,549	)	$	(14,019	)
Reclassification adjustment for net (gains) losses included in net income		(6	)		(2	)		(4	)
Total securities available for sale		(21,574	)		(7,551	)		(14,023	)
Defined-benefit post-retirement benefit plans:
Change in the net actuarial gain/loss		(887	)		(310	)		(577	)
Derivatives:
Change in the accumulated gain/loss on effective cash flow hedge derivatives		61,553			21,544			40,009
Reclassification adjustments for (gains) losses included in net income:
Interest rate swaps on variable-rate loans		(43,389	)		(15,186	)		(28,203	)
Interest rate swap on junior subordinated deferrable interest debentures		4,367			1,528			2,839
Total derivatives		22,531			7,886			14,645
Total other comprehensive income (loss)	$	70		$	25		$	45

Activity in accumulated other comprehensive income, net of tax, was as follows:

	Securities Available For Sale			Defined Benefit Plans			Derivatives			Accumulated Other Comprehensive Income
Balance January 1, 2012	$	227,052		$	(42,958	)	$	63,640		$	247,734
Other comprehensive income (loss)		18,487			(6,113	)		(22,060	)		(9,686	)
Balance December 31, 2012	$	245,539		$	(49,071	)	$	41,580		$	238,048
Balance January 1, 2011	$	96,012		$	(28,357	)	$	86,595		$	154,250
Other comprehensive income (loss)		131,040			(14,601	)		(22,955	)		93,484
Balance December 31, 2011	$	227,052		$	(42,958	)	$	63,640		$	247,734
Balance January 1, 2010	$	110,035		$	(27,780	)	$	71,950		$	154,205
Other comprehensive income (loss)		(14,023	)		(577	)		14,645			45
Balance December 31, 2010	$	96,012		$	(28,357	)	$	86,595		$	154,250