OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2013

OTHER COMPREHENSIVE INCOME [Abstract]

OTHER COMPREHENSIVE INCOME

(18) OTHER COMPREHENSIVE INCOME

The following tables present the components of other comprehensive income and the related tax effects allocated to each component for the years ended December 31, 2013, 2012 and 2011:

	2013
	Before	Tax	Net
	Tax	(Expense)	of Tax
	Amount	Benefit	Amount
	(In thousands)
Net unrealized gains on available-for-sale securities:
Unrealized (losses) gains  arising during
holding period	$    (61,640)	$    23,603	$    (38,037)
Reclassification adjustment for net (gains) losses
realized in net income (1)	(46)	18	(28)
Recognized employee benefit plan net
periodic benefit cost (2)	27,128	(10,376)	16,752
Other comprehensive loss	$    (34,558)	$    13,245	$    (21,313)

	2012
	Before	Tax	Net
	Tax	(Expense)	of Tax
	Amount	Benefit	Amount
	(In thousands)
Net unrealized gains on available-for-sale securities:
Unrealized gains (losses) arising during
holding period	$      3,043	$      (1,171)	$      1,872
Reclassification adjustment for net (gains) losses
realized in net income (1)	(442)	169	(273)
Recognized employee benefit plan net
periodic benefit cost (2)	(12,930)	4,946	(7,984)
Other comprehensive loss	$    (10,329)	$      3,944	$      (6,385)

	2011
	Before	Tax	Net
	Tax	(Expense)	of Tax
	Amount	Benefit	Amount
	(In thousands)
Net unrealized gains on available-for-sale securities:
Unrealized gains (losses) arising during
holding period	$     55,882	$     (21,405)	$     34,477
Reclassification adjustment for net (gains) losses
realized in net income (1)	(12,127)	4,639	(7,488)
Recognized employee benefit plan net
periodic benefit cost (2)	(23,963)	9,166	(14,797)
Other comprehensive income	$     19,792	$       (7,600)	$     12,192

(1) Reclassification adjustments for net gains on available-for-sale securities are reported as security gains, net on the consolidated statement of income.

(2) Recognized employee benefit plan net periodic benefit cost include amortization of unrecognized transition amount, recognized prior service cost and recognized net loss.  For more information, see Footnote 14 – Pension, Other Post Retirement Benefit and Profit Sharing Plans.