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Accumulated Other Comprehensive Income
9 Months Ended
Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income

The table below shows the activity and accumulated balances for components of other comprehensive income. The largest component is the unrealized holding gains and losses on available for sale securities. Unrealized gains and losses on debt securities for which an other-than-temporary impairment (OTTI) has been recorded in current earnings are shown separately below. The other component is the amortization from other comprehensive income of losses associated with pension benefits, which occurs as the losses are included in current net periodic pension cost.
 
Unrealized Gains (Losses) on Securities (1)
Pension Loss (2)
Total Accumulated Other Comprehensive Income
(In thousands)
OTTI
Other
Balance January 1, 2014
$
4,203

$
21,303

$
(15,775
)
$
9,731

Other comprehensive income (loss) before reclassifications
(1,568
)
76,965


75,397

Amounts reclassified from accumulated other comprehensive income
1,348

3,627

1,079

6,054

Current period other comprehensive income (loss), before tax
(220
)
80,592

1,079

81,451

Income tax (expense) benefit
84

(30,625
)
(410
)
(30,951
)
Current period other comprehensive income, net of tax
(136
)
49,967

669

50,500

Balance September 30, 2014
$
4,067

$
71,270

$
(15,106
)
$
60,231

Balance January 1, 2013
$
3,245

$
160,263

$
(27,164
)
$
136,344

Other comprehensive income (loss) before reclassifications
170

(180,279
)

(180,109
)
Amounts reclassified from accumulated other comprehensive income
1,260

(1,385
)
2,300

2,175

Current period other comprehensive income (loss), before tax
1,430

(181,664
)
2,300

(177,934
)
Income tax (expense) benefit
(543
)
69,032

(874
)
67,615

Current period other comprehensive income (loss), net of tax
887

(112,632
)
1,426

(110,319
)
Balance September 30, 2013
$
4,132

$
47,631

$
(25,738
)
$
26,025


(1) The pre-tax amounts reclassified from accumulated other comprehensive income are included in "investment securities gains (losses), net" in the consolidated statements of income.
(2) The pre-tax amounts reclassified from accumulated other comprehensive income are included in the computation of net periodic pension cost as "amortization of unrecognized net loss" (see Note 7).