Earnings per share and shareholders' equity (Tables)

3 Months Ended

Mar. 31, 2013

Earnings per share and shareholders' equity

Schedule of earnings per share

	2013		2012
Three months ended March 31	Basic and diluted		Basic and diluted
Distributed earnings	$	0.31	$	0.31
Undistributed earnings (loss)	0.03		0.09
	$	0.34	$	0.40

Schedule of reclassifications out of accumulated other comprehensive income

	Three months ended March 31
	2013			2012
(in thousands)	Amount reclassified from AOCI						Affected line item in the Statement of Income
Unrealized gains and losses on securities	$	—		$	—		Revenues-bank (net gains on sales of securities)
Derivatives qualified as cash flow hedges
Interest rate contracts (settled in 2011)	59			59			Interest expense
Retirement benefit plan items
Amortization of transition obligation, prior service credit and net losses recognized during the period in net periodic benefit cost	6,021			3,873			(See Note 5 for additional details)
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets	(5,313		)	(3,395		)	(See Note 5 for additional details)
Total reclassifications	$	767		$	537