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COMPREHENSIVE INCOME (Tables)
3 Months Ended
Sep. 30, 2014
COMPREHENSIVE INCOME [Abstract]  
Components Of Other Comprehensive Income

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30,

 

 

2014

 

2013

 

 

Before

 

 

 

Net

 

Before

 

 

 

Net

 

 

tax

 

Tax

 

of tax

 

tax

 

Tax

 

of tax

 

 

amount

 

effect

 

amount

 

amount

 

effect

 

amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized (losses) gains on available-for-

 

(In thousands)

sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized (losses) gains arising during

 

 

 

 

 

 

 

 

 

 

 

 

holding period

 

$     (1,484)

 

$         567 

 

$        (917)

 

$     (1,439)

 

$         554 

 

$        (885)

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net gains realized in net income (1)

 

(18)

 

 

(11)

 

 

(1)

 

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

738 

 

(283)

 

455 

 

1,337 

 

(512)

 

825 

Other comprehensive (loss) income

 

$        (764)

 

$         291 

 

$        (473)

 

$          (97)

 

$           41 

 

$          (56)

Net income

 

 

 

 

 

28,778 

 

 

 

 

 

24,857 

Comprehensive  income

 

 

 

 

 

$     28,305 

 

 

 

 

 

$    24,801 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30,

 

 

2014

 

2013

 

 

Before

 

 

 

Net

 

Before

 

 

 

Net

 

 

tax

 

Tax

 

of tax

 

tax

 

Tax

 

of tax

 

 

amount

 

effect

 

amount

 

amount

 

effect

 

amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized gains (losses) on available-for-

 

(In thousands)

sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains (losses) arising

 

 

 

 

 

 

 

 

 

 

 

 

during holding period

 

$     21,221 

 

$      (8,130)

 

$     13,091 

 

$    (53,820)

 

$     20,610 

 

$    (33,210)

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net gains realized in net income (1)

 

(19)

 

 

(12)

 

(17)

 

 

(10)

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

2,214 

 

(847)

 

1,367 

 

4,011 

 

(1,534)

 

2,477 

Other comprehensive income (loss)

 

$     23,416 

 

$      (8,970)

 

$     14,446 

 

$    (49,826)

 

$     19,083 

 

$    (30,743)

Net income

 

 

 

 

 

88,090 

 

 

 

 

 

66,417 

Comprehensive  income

 

 

 

 

 

$   102,536 

 

 

 

 

 

$     35,674 

 

 

(1)  Reclassification adjustments for net (losses) gains on available-for-sale securities are reported as net security (losses) gains on the consolidated statements 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 Note 9 - Pension Benefits.