Comprehensive Income

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Comprehensive Income

9. Comprehensive income

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						Defined						Total
	With OTTI			All other			benefit plans			Other			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		55,473			(95,167	)		—			—			(39,694	)		15,557			(24,137	)
Foreign currency translation adjustment		—			—			—			(1,644	)		(1,644	)		598			(1,046	)
Total other comprehensive income before reclassifications		55,473			(95,167	)		—			(1,644	)		(41,338	)		16,155			(25,183	)
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on held-to-maturity (“HTM”) securities		109			2,262			—			—			2,371	(a)		(931	)		1,440
OTTI charges recognized in net income		9,800			—			—			—			9,800	(b)		(3,847	)		5,953
Losses (gains) realized in net income		41,217			(8,129	)		—			—			33,088	(c)		(12,987	)		20,101
Amortization of prior service credit		—			—			(3,957	)		—			(3,957	) (e)		1,553			(2,404	)
Amortization of actuarial losses		—			—			20,718			—			20,718	(e)		(8,132	)		12,586
Total reclassifications		51,126			(5,867	)		16,761			—			62,020			(24,344	)		37,676
Total gain (loss) during the period		106,599			(101,034	)		16,761			(1,644	)		20,682			(8,189	)		12,493
Balance – June 30, 2013	$	14,764			51,165			(438,829	)		(2,075	)	$	(374,975	)		147,204		$	(227,771	)

	Investment Securities					Defined						Total
	With OTTI			All other		benefit plan			Other			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		(10,872	)		93,177		—			—			82,305			(32,268	)		50,037
Foreign currency translation adjustment		—			—		—			(208	)		(208	)		77			(131	)
Total other comprehensive income before reclassifications		(10,872	)		93,177		—			(208	)		82,097			(32,191	)		49,906
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on HTM securities		1,497			2,310		—			—			3,807	(a)		(1,494	)		2,313
OTTI charges recognized in net income		27,659			—		—			—			27,659	(b)		(10,856	)		16,803
Losses realized in net income		—			363		—			—			363	(c)		(145	)		218
Amortization of gains on terminated cash flow hedges		—			—		—			(178	)		(178	) (d)		66			(112	)
Amortization of prior service credit		—			—		(3,269	)		—			(3,269	) (e)		1,283			(1,986	)
Amortization of actuarial losses		—			—		18,848			—			18,848	(e)		(7,398	)		11,450
Total reclassifications		29,156			2,673		15,579			(178	)		47,230			(18,544	)		28,686
Total gain (loss) during the period		18,284			95,850		15,579			(386	)		129,327			(50,735	)		78,592
Balance – June 30, 2012	$	(120,035	)		105,607		(441,566	)		(1,448	)	$	(457,442	)		179,593		$	(277,849	)

(a) Included in interest income

(b) Included in OTTI losses recognized in earnings

(c) Included in gain (loss) on bank investment securities

(d) Included in interest expense

(e) Included in salaries and employee benefits expense

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

							Defined
	Investment securities						benefit
	With OTTI			All other			plans			Other			Total
Balance – December 31, 2012	$	(55,790	)		92,581			(276,771	)		(284	)	$	(240,264	)
Net gain (loss) during period		64,759			(61,402	)		10,182			(1,046	)		12,493
Balance – June 30, 2013	$	8,969			31,179			(266,589	)		(1,330	)	$	(227,771	)