Comprehensive income

3 Months Ended

Mar. 31, 2015

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 (a)		All other		Defined benefit plans			Other			Total amount before tax			Income tax			Net
	(in thousands)
Balance – January 1, 2015	$	7,438		201,828		(503,027	)		(4,082	)	$	(297,843	)		116,849		$	(180,994	)
Other comprehensive income before reclassifications:
Unrealized holding gains, net		8,011		32,063		—			—			40,074			(15,247	)		24,827
Foreign currency translation adjustment		—		—		—			(3,732	)		(3,732	)		1,348			(2,384	)
Gains on cash flow hedges		—		—		—			1,453			1,453			(568	)		885
Total other comprehensive income before reclassifications		8,011		32,063		—			(2,279	)		37,795			(14,467	)		23,328
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on held-to-maturity (“HTM”) securities		—		739		—			—			739	(b)		(289	)		450
Losses realized in net income		—		98		—			—			98	(c)		(36	)		62
Accretion of gain on terminated cash flow hedges		—		—		—			(24	)		(24	) (d)		10			(14	)
Amortization of prior service credit		—		—		(1,875	)		—			(1,875	) (e)		934			(941	)
Amortization of actuarial losses		—		—		11,200			—			11,200	(e)		(5,582	)		5,618
Total reclassifications		—		837		9,325			(24	)		10,138			(4,963	)		5,175
Total gain (loss) during the period		8,011		32,900		9,325			(2,303	)		47,933			(19,430	)		28,503
Balance – March 31, 2015	$	15,449		234,728		(493,702	)		(6,385	)	$	(249,910	)		97,419		$	(152,491	)
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 HTM securities		2		823		—			—			825	(b)		(324	)		501
Amortization of prior service credit		—		—		(2,000	)		—			(2,000	) (e)		785			(1,215	)
Amortization of actuarial losses		—		—		3,350			—			3,350	(e)		(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	)

(a) Other-than-temporary impairment

(b) Included in interest income

(c) Included in loss on bank investment securities

(d) Included in interest expense

(e) Included in salaries and employee benefits

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

	Investment securities				Defined benefit
	With OTTI		All other		plans			Other			Total
	(in thousands)
Balance – December 31, 2014	$	4,518		122,683		(305,589	)		(2,606	)	$	(180,994	)
Net gain (loss) during period		4,898		20,441		4,677			(1,513	)		28,503
Balance – March 31, 2015	$	9,416		143,124		(300,912	)		(4,119	)	$	(152,491	)