Comprehensive income (Tables)

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Components of Other Comprehensive Income (Loss) and Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)

The following tables display the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income: 

	Investment Securities
	With OTTI			All other			Defined benefit plans			Other			Total amount before tax			Income tax			Net
	(in thousands)
Balance – January 1, 2013	$	(91,835	)		152,199			(455,590	)		(431	)	$	(395,657	)		155,393		$	(240,264	)
Other comprehensive income before reclassifications:
Unrealized holding gains (losses), net		24,540			(18,959	)		—			—			5,581			(2,181	)		3,400
Foreign currency translation adjustment		—			—			—			(1,452	)		(1,452	)		520			(932	)
Total other comprehensive income before reclassifications		24,540			(18,959	)		—			(1,452	)		4,129			(1,661	)		2,468
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on held-to-maturity (“HTM”) securities		49			1,146			—			—			1,195	(a)		(469	)		726
OTTI charges recognized in net income		9,800			—			—			—			9,800	(b)		(3,847	)		5,953
Amortization of prior service credit		—			—			(2,000	)		—			(2,000	)(e)		785			(1,215	)
Amortization of actuarial losses		—			—			10,500			—			10,500	(e)		(4,121	)		6,379
Total reclassifications		9,849			1,146			8,500			—			19,495			(7,652	)		11,843
Total gain (loss) during the period		34,389			(17,813	)		8,500			(1,452	)		23,624			(9,313	)		14,311
Balance – March 31, 2013	$	(57,446	)		134,386			(447,090	)		(1,883	)	$	(372,033	)		146,080		$	(225,953	)

	Investment Securities
	With OTTI			All other			Defined benefit plan			Other			Total amount before tax			Income tax			Net
	(in thousands)
Balance – January 1, 2012	$	(138,319	)		9,757			(457,145	)		(1,062	)	$	(586,769	)		230,328		$	(356,441	)
Other comprehensive income before reclassifications:
Unrealized holding gains (losses), net		(10,085	)		29,696			—			—			19,611			(7,657	)		11,954
Foreign currency translation adjustment		—			—			—			622			622			(220	)		402
Total other comprehensive income before reclassifications		(10,085	)		29,696			—			622			20,233			(7,877	)		12,356
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on HTM securities		819			1,123			—			—			1,942	(a)		(762	)		1,180
OTTI charges recognized in net income		11,486			—			—			—			11,486	(b)		(4,508	)		6,978
Gains realized in net income		—			(45	)		—			—			(45	)(c)		15			(30	)
Amortization of gains on terminated cash flow hedges		—			—			—			(112	)		(112	)(d)		42			(70	)
Amortization of prior service credit		—			—			(1,650	)		—			(1,650	)(e)		648			(1,002	)
Amortization of actuarial losses		—			—			9,500			—			9,500	(e)		(3,729	)		5,771
Total reclassifications		12,305			1,078			7,850			(112	)		21,121			(8,294	)		12,827
Total gain (loss) during the period		2,220			30,774			7,850			510			41,354			(16,171	)		25,183
Balance – March 31, 2012	$	(136,099	)		40,531			(449,295	)		(552	)	$	(545,415	)		214,157		$	(331,258	)

(a) Included in interest income

(b) Included in OTTI losses recognized in earnings

(c) Included in gain on bank investment securities

(d) Included in interest expense

(e) Included in salaries and employee benefits expense

Accumulated Other Comprehensive Income (Loss), Net

Accumulated other comprehensive income (loss), net consisted of the following:

	Investment securities						Defined benefit plans
	With OTTI			All other						Other			Total
Balance – December 31, 2012	$	(55,790	)		92,581			(276,771	)		(284	)		(240,264	)
Net gain (loss) during period		20,891			(10,812	)		5,164			(932	)		14,311
Balance – March 31, 2013	$	(34,899	)		81,769			(271,607	)		(1,216	)		(225,953	)