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COMPREHENSIVE INCOME (Tables)
6 Months Ended
Jun. 30, 2017
COMPREHENSIVE INCOME [Abstract]  
Components Of Other Comprehensive Income



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three months ended June 30,



 

2017

 

2016



 

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

 

$        (700)

 

$         267 

 

$            (433)

 

$      5,956 

 

$     (2,279)

 

$      3,677 

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net gains realized in net income (1)

 

(23)

 

 

(15)

 

(86)

 

33 

 

(53)

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

1,533 

 

(586)

 

947 

 

1,511 

 

(578)

 

933 

Other comprehensive income

 

$         810 

 

$        (311)

 

$              499 

 

$      7,381 

 

$     (2,824)

 

$      4,557 

Net income

 

 

 

 

 

37,889 

 

 

 

 

 

34,692 

Comprehensive  income

 

 

 

 

 

$         38,388 

 

 

 

 

 

$    39,249 





(1)  Reclassification adjustments for net (losses) gains 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.







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Six months ended June 30,



 

2017

 

2016



 

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

 

$        (226)

 

$           84 

 

$            (142)

 

$    20,125 

 

$     (7,699)

 

$    12,426 

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net gains realized in net income (1)

 

(1,094)

 

418 

 

(676)

 

(88)

 

34 

 

(54)

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

3,066 

 

(1,172)

 

1,894 

 

3,022 

 

(1,156)

 

1,866 

Other comprehensive income

 

$      1,746 

 

$        (670)

 

$           1,076 

 

$    23,059 

 

$     (8,821)

 

$    14,238 

Net income

 

 

 

 

 

75,982 

 

 

 

 

 

57,241 

Comprehensive  income

 

 

 

 

 

$         77,058 

 

 

 

 

 

$    71,479 



(1)  Reclassification adjustments for net gains 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.