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Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive loss by component:
(In thousands)
Available for Sale and Transferred Securities
Derivative Instruments
Defined Benefit Pension and Postretirement Benefit Plans
Total
Balance at December 31, 2010
$
17,529

$
(5,889
)
$
(25,349
)
$
(13,709
)
Other comprehensive income (loss) before reclassifications
923

(14,447
)
(22,236
)
(35,760
)
Amounts reclassified from accumulated other comprehensive loss
(2,485
)
(8,548
)
298

(10,735
)
Net current-period other comprehensive loss, net of tax
(1,562
)
(22,995
)
(21,938
)
(46,495
)
Balance at December 31, 2011
15,967

(28,884
)
(47,287
)
(60,204
)
Other comprehensive income (loss) before reclassifications
28,950

(3,243
)
(2,462
)
23,245

Amounts reclassified from accumulated other comprehensive loss
(2,176
)
4,225

2,644

4,693

Net current-period other comprehensive income, net of tax
26,774

982

182

27,938

Balance at December 31, 2012
42,741

(27,902
)
(47,105
)
(32,266
)
Other comprehensive (loss) income before reclassifications
(49,572
)
3,744

17,298

(28,530
)
Amounts reclassified from accumulated other comprehensive loss
4,214

5,952

2,081

12,247

Net current-period other comprehensive (loss) income, net of tax
(45,358
)
9,696

19,379

(16,283
)
Balance at December 31, 2013
$
(2,617
)
$
(18,206
)
$
(27,726
)
$
(48,549
)
Schedule of Other Comprehensive Income (Loss)
The following tables summarize the tax effects for each component of other comprehensive (loss) income:
 
At or for the year ended December 31, 2013
(In thousands)
Pre-Tax
Amount
Tax Benefit (Expense)
Net of Tax
Amount
Available for sale and transferred securities:
 
 
 
Net unrealized loss during the period
$
(77,524
)
$
27,762

$
(49,762
)
Reclassification adjustment for net gain included in net income
(712
)
255

(457
)
Net non-credit related other-than-temporary impairment
7,277

(2,606
)
4,671

Amortization of unrealized loss on securities transferred to held to maturity
296

(106
)
190

Total available for sale and transferred securities
(70,663
)
25,305

(45,358
)
Derivative instruments:
 
 
 
Net unrealized gain during the period
5,826

(2,082
)
3,744

Reclassification adjustment for cash flow hedges included in net income
9,272

(3,320
)
5,952

Total derivative instruments
15,098

(5,402
)
9,696

Defined benefit pension and postretirement benefit plans:
 
 
 
Current year actuarial gain
26,949

(9,651
)
17,298

Reclassification adjustment for amortization of net loss included in net income
3,169

(1,135
)
2,034

Reclassification adjustment for prior service costs included in net income
73

(26
)
47

Total defined benefit pension and postretirement benefit plans
30,191

(10,812
)
19,379

Other comprehensive loss
$
(25,374
)
$
9,091

$
(16,283
)
 
At or for the year ended December 31, 2012
(In thousands)
Pre-Tax
Amount
Tax (Expense) Benefit
Net of Tax
Amount
Available for sale and transferred securities:
 
 
 
Net unrealized gain during the period
$
45,024

$
(16,096
)
$
28,928

Reclassification adjustment for net gain included in net income
(3,347
)
1,171

(2,176
)
Net non-credit related other-than-temporary impairment



Amortization of unrealized loss on securities transferred to held to maturity
35

(13
)
22

Total available for sale and transferred securities
41,712

(14,938
)
26,774

Derivative instruments:
 
 
 
Net unrealized loss during the period
(5,047
)
1,804

(3,243
)
Reclassification adjustment for cash flow hedges included in net income
6,575

(2,350
)
4,225

Total derivative instruments
1,528

(546
)
982

Defined benefit pension and postretirement benefit plans:
 
 
 
Current year actuarial loss
(3,832
)
1,370

(2,462
)
Reclassification adjustment for amortization of net loss included in net income
4,042

(1,445
)
2,597

Reclassification adjustment for prior service costs included in net income
73

(26
)
47

Total benefit pension and postretirement benefit plans
283

(101
)
182

Other comprehensive income
$
43,523

$
(15,585
)
$
27,938

 
At or for the year ended December 31, 2011
(In thousands)
Pre-Tax
Amount
Tax (Expense) Benefit
Net of Tax
Amount
Available for sale and transferred securities:
 
 
 
Net unrealized loss during the period
$
(777
)
$
1,527

$
750

Reclassification adjustment for net gain included in net income
(3,823
)
1,338

(2,485
)
Net non-credit related other-than-temporary impairment



Amortization of unrealized loss on securities transferred to held to maturity
260

(87
)
173

Total available for sale and transferred securities
(4,340
)
2,778

(1,562
)
Derivative instruments:
 
 
 
Net unrealized loss during the period
(23,222
)
8,775

(14,447
)
Reclassification adjustment for cash flow hedges included in net income
(13,742
)
5,194

(8,548
)
Total derivative instruments
(36,964
)
13,969

(22,995
)
Defined benefit pension and postretirement benefit plans:
 
 
 
Current year actuarial loss
(35,137
)
12,901

(22,236
)
Reclassification adjustment for amortization of net loss included in net income
392

(140
)
252

Reclassification adjustment for prior service costs included in net income
73

(27
)
46

Total defined benefit pension and postretirement benefit plans
(34,672
)
12,734

(21,938
)
Other comprehensive loss
$
(75,976
)
$
29,481

$
(46,495
)
The following table summarizes the reclassifications out of accumulated other comprehensive loss:
 
Years ended December 31,
 
(In thousands)
2013
 
2012
 
2011
 
Details About Accumulated Other Comprehensive Loss Components
Amount Reclassified From Accumulated Other Comprehensive Loss
 
Amount Reclassified From Accumulated Other Comprehensive Loss
 
Amount Reclassified From Accumulated Other Comprehensive Loss
Affected Line Item in the Consolidated Statements Of Income
 
 
 
 
 
 
 
Available for sale and transferred securities:
 
 
 
 
 
 
Unrealized gains and (losses) on available for sale securities
$
712

 
$
3,347

 
$
3,823

Net gain on sale of investment securities
Unrealized gains and (losses) on available for sale securities
(7,277
)
 

 

Impairment loss recognized in earnings
Tax expense
2,351

 
(1,171
)
 
(1,338
)
Income tax expense
Net of tax
$
(4,214
)
 
$
2,176

 
$
2,485

 
Derivative instruments:
 
 
 
 
 
 
Cash flow hedges
$
(9,272
)
 
$
(6,575
)
 
$
13,742

Total interest expense
Tax benefit (expense)
3,320

 
2,350

 
(5,194
)
Income tax expense
Net of tax
$
(5,952
)
 
$
(4,225
)
 
$
8,548

 
Defined benefit pension and postretirement benefit plans:
 
 
 
 
 
 
Amortization of net loss
$
(3,169
)
 
$
(4,042
)
 
$
(392
)
Compensation and benefits
Prior service costs
(73
)
 
(73
)
 
(73
)
Compensation and benefits
Tax benefit
1,161

 
1,471

 
167

Income tax expense
Net of tax
$
(2,081
)
 
$
(2,644
)
 
$
(298
)