COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2011

Comprehensive (Loss) Income [Abstract]

COMPREHENSIVE INCOME (LOSS)

4.  COMPREHENSIVE INCOME (LOSS)

The components of other comprehensive income (loss) as required by FASB ASC Topic 220 “Comprehensive Income,” are as follows (in thousands):

	Year Ended December 31, 2011
	Before-Tax			Tax (Expense)			Net-of-Tax
	Amount			Benefit			Amount
Unrealized gains on securities:
Unrealized holding gains arising during period	$	52,506		$	(18,377	)	$	34,129
Less:  reclassification adjustment for gains included in net income		11,795			(4,128	)		7,667
Net unrealized gains on securities		40,711			(14,249	)		26,462
Change in pension plans		(8,382	)		2,934			(5,448	)
Other comprehensive income	$	32,329		$	(11,315	)	$	21,014

	Year Ended December 31, 2010
	Before-Tax			Tax (Expense)			Net-of-Tax
	Amount			Benefit			Amount
Unrealized losses on securities:
Unrealized holding gains arising during period	$	15,021		$	(5,257	)	$	9,764
Noncredit portion of other-than-temporary impairment losses on the AFS securities		36			(13	)		23
Less:  reclassification adjustment for gains included in net income		25,789			(9,026	)		16,763
Less:  reclassification of other-than-temporary impairment charges on AFS securities included in net income		(75	)		26			(49	)
Net unrealized losses on securities		(10,657	)		3,730			(6,927	)
Change in pension plans		(5,531	)		1,936			(3,595	)
Other comprehensive loss	$	(16,188	)	$	5,666		$	(10,522	)

	Year Ended December 31, 2009
	Before-Tax			Tax (Expense)			Net-of-Tax
	Amount			Benefit			Amount
Unrealized gains on securities:
Unrealized holding gains arising during period	$	37,269		$	(13,044	)	$	24,225
Noncredit portion of other-than-temporary impairment losses on the AFS securities		(2,730	)		955			(1,775	)
Less:  reclassification adjustment for gains included in net income		33,446			(11,706	)		21,740
Less:  reclassification of other-than-temporary impairment charges on AFS securities included in net income		(3,000	)		1,050			(1,950	)
Net unrealized gains on securities		4,093			(1,433	)		2,660
Change in pension plans		4,099			(1,434	)		2,665
Other comprehensive income	$	8,192		$	(2,867	)	$	5,325

The components of accumulated other comprehensive income (loss), net of tax, as of December 31, 2011 and 2010, are reflected in the table below (in thousands):

	Years Ended December 31,
	2011			2010
Unrealized gains on AFS securities	$	35,694		$	9,232
Net unfunded liability for defined benefit plans		(20,973	)		(15,525	)
Total	$	14,721		$	(6,293	)