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Other Comprehensive Income/Loss (Tables)
 9 Months Ended
Sep. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Components of and Changes in Accumulated Other Comprehensive Loss net of tax
The following tables set forth the components of accumulated other comprehensive loss, net of related tax effects, at the dates indicated and the changes during the three and nine months ended September 30, 2014 and 2013.

(In Thousands)
At  
 June 30, 2014
 
Other
Comprehensive
(Loss) Income
 
At 
 September 30, 2014
Net unrealized gain on securities available-for-sale
 
$
3,326

 
 
 
$
(511
)
 
 
 
$
2,815

 
Net actuarial loss on pension plans and other postretirement benefits
 
(30,304
)
 
 
 
147

 
 
 
(30,157
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,223
)
 
 
 
31

 
 
 
(3,192
)
 
Accumulated other comprehensive loss
 
$
(30,201
)
 
 
 
$
(333
)
 
 
 
$
(30,534
)
 
 
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
At 
 December 31, 2013
 
Other
Comprehensive
Income
 
At 
 September 30, 2014
Net unrealized (loss) gain on securities available-for-sale
 
$
(4,366
)
 
 
 
$
7,181

 
 
 
$
2,815

 
Net actuarial loss on pension plans and other postretirement benefits
 
(30,600
)
 
 
 
443

 
 
 
(30,157
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,284
)
 
 
 
92

 
 
 
(3,192
)
 
Accumulated other comprehensive loss
 
$
(38,250
)
 
 
 
$
7,716

 
 
 
$
(30,534
)
 
 
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
At 
 June 30, 2013
 
Other
Comprehensive
(Loss) Income
 
At 
 September 30, 2013
Net unrealized loss on securities available-for-sale
 
$
(484
)
 
 
 
$
(1,286
)
 
 
 
$
(1,770
)
 
Net actuarial loss on pension plans and other postretirement benefits
 
(75,946
)
 
 
 
585

 
 
 
(75,361
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,357
)
 
 
 
34

 
 
 
(3,323
)
 
Accumulated other comprehensive loss
 
$
(79,787
)
 
 
 
$
(667
)
 
 
 
$
(80,454
)
 
(In Thousands)
At 
 December 31, 2012
 
Other
Comprehensive
(Loss) Income
 
At 
 September 30, 2013
Net unrealized gain (loss) on securities available-for-sale
 
$
7,451

 
 
 
$
(9,221
)
 
 
 
$
(1,770
)
 
Net actuarial loss on pension plans and other postretirement benefits
 
(77,115
)
 
 
 
1,754

 
 
 
(75,361
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,426
)
 
 
 
103

 
 
 
(3,323
)
 
Accumulated other comprehensive loss
 
$
(73,090
)
 
 
 
$
(7,364
)
 
 
 
$
(80,454
)
 
Schedule of Components of Other Comprehensive Income/Loss
The following tables set forth the components of other comprehensive income/loss for the periods indicated.
 
 
 
For the Three Months Ended 
 September 30, 2014
 
(In Thousands)
Before Tax
Amount
 
Tax Benefit
(Expense)
 
After Tax
Amount
Net unrealized loss on securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Net unrealized holding loss on securities arising during the period
 
$
(649
)
 
 
 
$
229

 
 
 
$
(420
)
 
Reclassification adjustment for gain on sales of securities included in net income
 
(141
)
 
 
 
50

 
 
 
(91
)
 
Net unrealized loss on securities available-for-sale
 
(790
)
 
 
 
279

 
 
 
(511
)
 
Reclassification adjustment for net actuarial loss included in net income
 
228

 
 
 
(81
)
 
 
 
147

 
Reclassification adjustment for prior service cost included in net income
 
47

 
 
 
(16
)
 
 
 
31

 
Other comprehensive loss
 
$
(515
)
 
 
 
$
182

 
 
 
$
(333
)
 

 
 
For the Nine Months Ended 
 September 30, 2014
 
(In Thousands)
Before Tax
Amount
 
Tax(Expense) Benefit
 
After Tax
Amount
Net unrealized gain on securities available-for-sale:
 


 
 
 


 
 
 


 
Net unrealized holding gain on securities arising during the period
 
$
11,242

 
 
 
$
(3,970
)
 
 
 
$
7,272

 
Reclassification adjustment for gain on sales of securities included in net income
 
(141
)
 
 
 
50

 
 
 
(91
)
 
Net unrealized gain on securities available-for-sale
 
11,101

 
 
 
(3,920
)
 
 
 
7,181

 
Reclassification adjustment for net actuarial loss included in net income
 
685

 
 
 
(242
)
 
 
 
443

 
Reclassification adjustment for prior service cost included in net income
 
142

 
 
 
(50
)
 
 
 
92

 
Other comprehensive income
 
$
11,928

 
 
 
$
(4,212
)
 
 
 
$
7,716

 
 
 
 
For the Three Months Ended 
 September 30, 2013
 
(In Thousands)
Before Tax
Amount
 
Tax Benefit
(Expense)
 
After Tax
Amount
Net unrealized holding loss on securities available-for-sale arising during the period
 
$
(1,984
)
 
 
 
$
698

 
 
 
$
(1,286
)
 
Reclassification adjustment for net actuarial loss included in net income
 
903

 
 
 
(318
)
 
 
 
585

 
Reclassification adjustment for prior service cost included in net income
 
53

 
 
 
(19
)
 
 
 
34

 
Other comprehensive loss
 
$
(1,028
)
 
 
 
$
361

 
 
 
$
(667
)
 
 
 
 
For the Nine Months Ended 
 September 30, 2013
 
(In Thousands)
Before Tax
Amount
 
Tax Benefit
(Expense)
 
After Tax
Amount
Net unrealized loss on securities available-for-sale:
 
 

 
 
 
 

 
 
 
 

 
Net unrealized holding loss on securities arising during the period
 
$
(12,180
)
 
 
 
$
4,291

 
 
 
$
(7,889
)
 
Reclassification adjustment for gain on sales of securities included in net income
 
(2,057
)
 
 
 
725

 
 
 
(1,332
)
 
Net unrealized loss on securities available-for-sale
 
(14,237
)
 
 
 
5,016

 
 
 
(9,221
)
 
Reclassification adjustment for net actuarial loss included in net income
 
2,708

 
 
 
(954
)
 
 
 
1,754

 
Reclassification adjustment for prior service cost included in net income
 
159

 
 
 
(56
)
 
 
 
103

 
Other comprehensive loss
 
$
(11,370
)
 
 
 
$
4,006

 
 
 
$
(7,364
)
 
Information About Amounts Reclassified From Accumulated Other Comprehensive Loss to the Consolidated Statements of Income
The following tables set forth information about amounts reclassified from accumulated other comprehensive loss to, and the affected line items in, the consolidated statements of income for the periods indicated.
 
(In Thousands)
For the 
 Three Months Ended 
 September 30, 2014
 
For the 
 Three Months Ended 
 September 30, 2013
 
Income Statement
Line Item
Reclassification adjustment for gain on sales of securities
 
$
141

 
 
 
$
—

 
 
Gain on sales of securities
Reclassification adjustment for net actuarial loss (1)
 
(228
)
 
 
 
(903
)
 
 
Compensation and benefits
Reclassification adjustment for prior service cost (1)
 
(47
)
 
 
 
(53
)
 
 
Compensation and benefits
Total reclassifications, before tax
 
(134
)
 
 
 
(956
)
 
 
 
Income tax effect
 
47

 
 
 
337

 
 
Income tax expense
Total reclassifications, net of tax
 
$
(87
)
 
 
 
$
(619
)
 
 
Net income
 
(In Thousands)
For the 
 Nine Months Ended 
 September 30, 2014
 
For the 
 Nine Months Ended 
 September 30, 2013
 
Income Statement
Line Item
Reclassification adjustment for gain on sales of securities
 
$
141

 
 
 
$
2,057

 
 
Gain on sales of securities
Reclassification adjustment for net actuarial loss (1)
 
(685
)
 
 
 
(2,708
)
 
 
Compensation and benefits
Reclassification adjustment for prior service cost (1)
 
(142
)
 
 
 
(159
)
 
 
Compensation and benefits
Total reclassifications, before tax
 
(686
)
 
 
 
(810
)
 
 
 
Income tax effect
 
242

 
 
 
285

 
 
Income tax expense
Total reclassifications, net of tax
 
$
(444
)
 
 
 
$
(525
)
 
 
Net income
 
(1)
These other comprehensive income/loss components are included in the computations of net periodic (benefit) cost for our defined benefit pension plans and other postretirement benefit plan. See Note 6 for additional details.