Comprehensive Income

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Comprehensive Income

9. Comprehensive income

The following table displays 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		59,523			(61,706	)		—			—			(2,183	)		814			(1,369	)
Foreign currency translation adjustment		—			—			—			296			296			(91	)		205
Total other comprehensive income before reclassifications		59,523			(61,706	)		—			296			(1,887	)		723			(1,164	)
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on held-to-maturity (“HTM”) securities		230			3,127			—			—			3,357	(a)		(1,318	)		2,039
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		—			—			(5,936	)		—			(5,936	) (e)		2,330			(3,606	)
Amortization of actuarial losses		—			—			31,077			—			31,077	(e)		(12,198	)		18,879
Total reclassifications		51,247			(5,002	)		25,141			—			71,386			(28,020	)		43,366
Total gain (loss) during the period		110,770			(66,708	)		25,141			296			69,499			(27,297	)		42,202
Balance – September 30, 2013	$	18,935			85,491			(430,449	)		(135	)	$	(326,158	)		128,096		$	(198,062	)

	Investment Securities						Defined benefit plans			Other			Total amount before tax			Income tax			Net
	With OTTI			All other
	(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		(8,099	)		153,908			—			—			145,809			(57,183	)		88,626
Foreign currency translation adjustment		—			—			—			552			552			(201	)		351
Total other comprehensive income before reclassifications		(8,099	)		153,908			—			552			146,361			(57,384	)		88,977
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on HTM securities		1,544			3,495			—			—			5,039	(a)		(1,978	)		3,061
OTTI charges recognized in net income		33,331			—			—			—			33,331	(b)		(13,082	)		20,249
Gains realized in net income		—			(9	)		—			—			(9	) (c)		4			(5	)
Amortization of gains on terminated cash flow hedges		—			—			—			(178	)		(178	) (d)		66			(112	)
Amortization of prior service credit		—			—			(4,904	)		—			(4,904	) (e)		1,925			(2,979	)
Amortization of actuarial losses		—			—			28,272			—			28,272	(e)		(11,097	)		17,175
Total reclassifications		34,875			3,486			23,368			(178	)		61,551			(24,162	)		37,389
Total gain (loss) during the period		26,776			157,394			23,368			374			207,912			(81,546	)		126,366
Balance – September 30,2012	$	(111,543	)		167,151			(433,777	)		(688	)	$	(378,857	)		148,782		$	(230,075	)

(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:

	Investment securities						Defined benefit plans			Other			Total
	With OTTI			All other
Balance – December 31, 2012	$	(55,790	)		92,581			(276,771	)		(284	)	$	(240,264	)
Net gain (loss) during period		67,293			(40,569	)		15,273			205			42,202
Balance – September 30, 2013	$	11,503			52,012			(261,498	)		(79	)	$	(198,062	)