Comprehensive income

3 Months Ended

Mar. 31, 2014

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
	With OTTI		All other		Defined benefit plans			Other			Total amount before tax			Income tax			Net
	(in thousands)
Balance – January 1, 2014	$	37,255		18,450		(161,617	)		115		$	(105,797	)		41,638		$	(64,159	)
Other comprehensive income before reclassifications:
Unrealized holding gains, net		19,968		42,119		—			—			62,087			(24,374	)		37,713
Foreign currency translation adjustment		—		—		—			(234	)		(234	)		98			(136	)
Total other comprehensive income before reclassifications		19,968		42,119		—			(234	)		61,853			(24,276	)		37,577
Amounts reclassified from accumulated other comprehensive income that (increase)decrease net income:
Accretion of unrealized holding losses on held-to-maturity (“HTM”) securities		2		823		—			—			825	(a)		(324	)		501
Amortization of prior service credit		—		—		(2,000	)		—			(2,000	)(c)		785			(1,215	)
Amortization of actuarial losses		—		—		3,350			—			3,350			(1,315	)		2,035
Total reclassifications		2		823		1,350			—			2,175			(854	)		1,321
Total gain (loss) during the period		19,970		42,942		1,350			(234	)		64,028			(25,130	)		38,898
Balance – March 31, 2014	$	57,225		61,392		(160,267	)		(119	)	$	(41,769	)		16,508		$	(25,261	)

	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 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	)(c)		785			(1,215	)
Amortization of actuarial losses		—			—			10,500			—			10,500	(c)		(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	)

(a) Included in interest income

(b) Included in OTTI losses recognized in earnings

(c) 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, 2013	$	22,632		11,294		(98,182	)		97			(64,159	)
Net gain (loss) during period		12,132		26,082		820			(136	)		38,898
Balance – March 31, 2014	$	34,764		37,376		(97,362	)		(39	)		(25,261	)