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COMPREHENSIVE INCOME (Tables)
3 Months Ended
Jun. 30, 2015
COMPREHENSIVE INCOME [Abstract]  
Components Of Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30,

 

 

2015

 

2014

 

 

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

 

$     (8,653)

 

$      3,313 

 

$     (5,340)

 

$    10,643 

 

$     (4,076)

 

$      6,567 

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net gains realized in net income (1)

 

(41)

 

16 

 

(25)

 

(5)

 

 

(3)

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

1,797 

 

(687)

 

1,110 

 

738 

 

(282)

 

456 

Other comprehensive (loss) income

 

$     (6,897)

 

$      2,642 

 

$     (4,255)

 

$    11,376 

 

$     (4,356)

 

$      7,020 

Net income

 

 

 

 

 

39,713 

 

 

 

 

 

30,868 

Comprehensive  income

 

 

 

 

 

$     35,458 

 

 

 

 

 

$    37,888 

 

 

(1)  Reclassification adjustments for net gains (losses) on available-for-sale securities are reported as net security 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

2015

 

2014

 

 

Before

 

 

 

Net

 

Before

 

 

 

Net

 

 

tax

 

Tax

 

of tax

 

tax

 

Tax

 

of tax

 

 

amount

 

effect

 

amount

 

amount

 

effect

 

amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized gains  on available-for-

 

(In thousands)

sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains  arising

 

 

 

 

 

 

 

 

 

 

 

 

during holding period

 

$         380 

 

$        (168)

 

$          212 

 

$    22,705 

 

$     (8,697)

 

$    14,008 

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net gains realized in net income (1)

 

(55)

 

21 

 

(34)

 

(1)

 

 -

 

(1)

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

3,594 

 

(1,374)

 

2,220 

 

1,476 

 

(564)

 

912 

Other comprehensive income (loss)

 

$      3,919 

 

$     (1,521)

 

$       2,398 

 

$    24,180 

 

$     (9,261)

 

$    14,919 

Net income

 

 

 

 

 

71,979 

 

 

 

 

 

59,312 

Comprehensive  income

 

 

 

 

 

$     74,377 

 

 

 

 

 

$    74,231 

 

(1)  Reclassification adjustments for net gains (losses) on available-for-sale securities are reported as net security 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.