Comprehensive income (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Components of Other Comprehensive Income (Loss) and Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) to Net 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 (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 (losses), net		9,699		(11,139	)		—			—			(1,440	)		952			(488	)
Foreign currency translation adjustment		—		—			—			(735	)		(735	)		214			(521	)
Gains on cash flow hedges		—		—			—			1,453			1,453			(568	)		885
Total other comprehensive income before reclassifications		9,699		(11,139	)		—			718			(722	)		598			(124	)
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on held-to-maturity (“HTM”) securities		—		2,417			—			—			2,417	(b)		(944	)		1,473
Losses realized in net income		—		108			—			—			108	(c)		(40	)		68
Accretion of net gain on terminated cash flow hedges		—		—			—			(102	)		(102	)(d)		40			(62	)
Amortization of prior service credit		—		—			(5,523	)		—			(5,523	)(e)		2,359			(3,164	)
Amortization of actuarial losses		—		—			33,698			—			33,698	(e)		(14,368	)		19,330
Total reclassifications		—		2,525			28,175			(102	)		30,598			(12,953	)		17,645
Total gain (loss) during the period		9,699		(8,614	)		28,175			616			29,876			(12,355	)		17,521
Balance – September 30, 2015	$	17,137		193,214			(474,852	)		(3,466	)	$	(267,967	)		104,494		$	(163,473	)

	Investment Securities
	With OTTI (a)		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		12,038		109,263		—			—			121,301			(47,615	)		73,686
Foreign currency translation adjustment		—		—		—			(2,314	)		(2,314	)		810			(1,504	)
Unrealized losses on cash flow hedges		—		—		—			(162	)		(162	)		64			(98	)
Total other comprehensive income before reclassifications		12,038		109,263		—			(2,476	)		118,825			(46,741	)		72,084
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on HTM securities		1		2,539		—			—			2,540	(b)		(997	)		1,543
Amortization of prior service credit		—		—		(5,933	)		—			(5,933	)(e)		2,328			(3,605	)
Amortization of actuarial losses		—		—		10,871			—			10,871	(e)		(4,267	)		6,604
Total reclassifications		1		2,539		4,938			—			7,478			(2,936	)		4,542
Total gain (loss) during the period		12,039		111,802		4,938			(2,476	)		126,303			(49,677	)		76,626
Balance – September 30, 2014	$	49,294		130,252		(156,679	)		(2,361	)	$	20,506			(8,039	)	$	12,467

(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 expense

Accumulated Other Comprehensive Income (Loss), Net

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		5,926		(4,873	)		16,166			302			17,521
Balance – September 30, 2015	$	10,444		117,810			(289,423	)		(2,304	)	$	(163,473	)