COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2017

COMPREHENSIVE INCOME [Abstract]

COMPREHENSIVE INCOME

NOTE 7 – COMPREHENSIVE INCOME

The following tables present the components of other comprehensive (loss) income and the related tax effects allocated to each component for the periods indicated:

	Three months ended March 31,
	2017			2016
	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	$         474	$        (183)	$              291	$    14,169	$     (5,420)	$      8,749
Reclassification adjustment for
net gains realized in net income (1)	(1,071)	410	(661)	(2)	1	(1)
Recognized employee benefit plan
net periodic benefit cost (2)	1,533	(586)	947	1,511	(578)	933
Other comprehensive income	$         936	$        (359)	$              577	$    15,678	$     (5,997)	$      9,681
Net income			38,093			22,549
Comprehensive  income			$         38,670			$    32,230

(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 recognized prior service cost and recognized net loss.  For more information, see Note 9 - Pension Benefits.