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Other Comprehensive Income/Loss (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [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 six months ended June 30, 2016 and 2015.
(In Thousands)
At  
 March 31, 2016
 
Other
Comprehensive
Income
 
At 
 June 30, 2016
Net unrealized gain on securities available-for-sale
 
$
6,812

 
 
 
$
507

 
 
 
$
7,319

 
Net actuarial loss on pension plans and other postretirement benefits
 
(57,999
)
 
 
 
315

 
 
 
(57,684
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,020
)
 
 
 
29

 
 
 
(2,991
)
 
Accumulated other comprehensive loss
 
$
(54,207
)
 
 
 
$
851

 
 
 
$
(53,356
)
 
 
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
At 
 December 31, 2015
 
Other
Comprehensive
Income
 
At 
 June 30, 2016
Net unrealized gain on securities available-for-sale
 
$
2,827

 
 
 
$
4,492

 
 
 
$
7,319

 
Net actuarial loss on pension plans and other postretirement benefits
 
(58,396
)
 
 
 
712

 
 
 
(57,684
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,048
)
 
 
 
57

 
 
 
(2,991
)
 
Accumulated other comprehensive loss
 
$
(58,617
)
 
 
 
$
5,261

 
 
 
$
(53,356
)
 
 
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
At  
 March 31, 2015
 
Other
Comprehensive
(Loss) Income
 
At 
 June 30, 2015
Net unrealized gain on securities available-for-sale
 
$
6,679

 
 
 
$
(2,791
)
 
 
 
$
3,888

 
Net actuarial loss on pension plans and other postretirement benefits
 
(67,007
)
 
 
 
417

 
 
 
(66,590
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,132
)
 
 
 
27

 
 
 
(3,105
)
 
Accumulated other comprehensive loss
 
$
(63,460
)
 
 
 
$
(2,347
)
 
 
 
$
(65,807
)
 
 
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
At 
 December 31, 2014
 
Other
Comprehensive
(Loss) Income
 
At 
 June 30, 2015
Net unrealized gain on securities available-for-sale
 
$
4,686

 
 
 
$
(798
)
 
 
 
$
3,888

 
Net actuarial loss on pension plans and other postretirement benefits
 
(67,476
)
 
 
 
886

 
 
 
(66,590
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,161
)
 
 
 
56

 
 
 
(3,105
)
 
Accumulated other comprehensive loss
 
$
(65,951
)
 
 
 
$
144

 
 
 
$
(65,807
)
 
Schedule of components of other comprehensive income
The following tables set forth the components of other comprehensive income (loss) for the periods indicated.
 
 
For the Three Months Ended 
 June 30, 2016
 
(In Thousands)
Before Tax
Amount
 
Income Tax
Expense
 
After Tax
Amount
Net unrealized holding gain on securities available-for-sale arising during the period
 
$
852

 
 
 
$
(345
)
 
 
 
$
507

 
Reclassification adjustment for net actuarial loss on pension plans and other postretirement benefits included in net income
 
528

 
 
 
(213
)
 
 
 
315

 
Reclassification adjustment for prior service cost on pension plans and other postretirement benefits included in net income
 
48

 
 
 
(19
)
 
 
 
29

 
Other comprehensive income
 
$
1,428

 
 
 
$
(577
)
 
 
 
$
851

 

 
 
For the Six Months Ended 
 June 30, 2016
 
(In Thousands)
Before Tax
Amount
 
Income Tax
(Expense)
Benefit
 
After Tax
Amount
Net unrealized gain on securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Net unrealized holding gain on securities available-for-sale arising during the period
 
$
7,626

 
 
 
$
(3,083
)
 
 
 
$
4,543

 
Reclassification adjustment for gain on sales of securities included in net income
 
(86
)
 
 
 
35

 
 
 
(51
)
 
Net unrealized gain on securities available-for-sale
 
7,540

 
 
 
(3,048
)
 
 
 
4,492

 
Reclassification adjustment for net actuarial loss on pension plans and other postretirement benefits included in net income
 
1,195

 
 
 
(483
)
 
 
 
712

 
Reclassification adjustment for prior service cost on pension plans and other postretirement benefits included in net income
 
95

 
 
 
(38
)
 
 
 
57

 
Other comprehensive income
 
$
8,830

 
 
 
$
(3,569
)
 
 
 
$
5,261

 
 
 
For the Three Months Ended 
 June 30, 2015
 
(In Thousands)
Before Tax
Amount
 
Income Tax
Benefit
(Expense)
 
After Tax
Amount
Net unrealized loss on securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Net unrealized holding loss on securities arising during the period
 
$
(4,491
)
 
 
 
$
1,743

 
 
 
$
(2,748
)
 
Reclassification adjustment for gain on sales of securities included in net income
 
(72
)
 
 
 
29

 
 
 
(43
)
 
Net unrealized loss on securities available-for-sale
 
(4,563
)
 
 
 
1,772

 
 
 
(2,791
)
 
Reclassification adjustment for net actuarial loss on pension plans and other postretirement benefits included in net income
 
729

 
 
 
(312
)
 
 
 
417

 
Reclassification adjustment for prior service cost on pension plans and other postretirement benefits included in net income
 
48

 
 
 
(21
)
 
 
 
27

 
Other comprehensive loss
 
$
(3,786
)
 
 
 
$
1,439

 
 
 
$
(2,347
)
 
 
 
For the Six Months Ended 
 June 30, 2015
 
(In Thousands)
Before Tax
Amount
 
Income Tax
Benefit
(Expense)
 
After Tax
Amount
Net unrealized loss on securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Net unrealized holding loss on securities arising during the period
 
$
(1,268
)
 
 
 
$
513

 
 
 
$
(755
)
 
Reclassification adjustment for gain on sales of securities included in net income
 
(72
)
 
 
 
29

 
 
 
(43
)
 
Net unrealized loss on securities available-for-sale
 
(1,340
)
 
 
 
542

 
 
 
(798
)
 
Reclassification adjustment for net actuarial loss on pension plans and other postretirement benefits included in net income
 
1,486

 
 
 
(600
)
 
 
 
886

 
Reclassification adjustment for prior service cost on pension plans and other postretirement benefits included in net income
 
95

 
 
 
(39
)
 
 
 
56

 
Other comprehensive income
 
$
241

 
 
 
$
(97
)
 
 
 
$
144

 
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 the affected line items in the consolidated statements of income for the periods indicated.
 
For the Three Months Ended June 30,
 
Income Statement
Line Item
(In Thousands)
 
2016
 
 
 
2015
 
 
Reclassification adjustment for gain on sales of securities
 
$
—

 
 
 
$
72

 
 
Gain on sales of securities
Reclassification adjustment for net actuarial loss (1)
 
(528
)
 
 
 
(729
)
 
 
Compensation and benefits
Reclassification adjustment for prior service cost (1)
 
(48
)
 
 
 
(48
)
 
 
Compensation and benefits
Total reclassifications, before tax
 
(576
)
 
 
 
(705
)
 
 
 
Income tax effect
 
232

 
 
 
304

 
 
Income tax expense
Total reclassifications, net of tax
 
$
(344
)
 
 
 
$
(401
)
 
 
Net income

 
For the Six Months Ended June 30,
 
Income Statement
Line Item
(In Thousands)
 
2016
 
 
 
2015
 
 
Reclassification adjustment for gain on sales of securities
 
$
86

 
 
 
$
72

 
 
Gain on sales of securities
Reclassification adjustment for net actuarial loss (1)
 
(1,195
)
 
 
 
(1,486
)
 
 
Compensation and benefits
Reclassification adjustment for prior service cost (1)
 
(95
)
 
 
 
(95
)
 
 
Compensation and benefits
Total reclassifications, before tax
 
(1,204
)
 
 
 
(1,509
)
 
 
 
Income tax effect
 
486

 
 
 
610

 
 
Income tax expense
Total reclassifications, net of tax
 
$
(718
)
 
 
 
$
(899
)
 
 
Net income

(1)
These other comprehensive income components are included in the computations of net periodic cost (benefit) for our defined benefit pension plans and other postretirement benefit plan. See Note 8 for additional details.