Comprehensive income

3 Months Ended

Mar. 31, 2016

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, 2016	$	16,359			62,849			(489,660	)		(4,093	)	$	(414,545	)		162,918		$	(251,627	)
Other comprehensive income before reclassifications:
Unrealized holding gains (losses), net		(370	)		159,660			—			—			159,290			(62,680	)		96,610
Foreign currency translation adjustment		—			—			—			(83	)		(83	)		30			(53	)
Total other comprehensive income(loss) before reclassifications		(370	)		159,660			—			(83	)		159,207			(62,650	)		96,557
Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income:
Accretion of unrealized holding losses on held-to-maturity (“HTM”) securities		—			968			—			—			968	(b)		(381	)		587
Gains realized in net income		—			(4	)		—			—			(4	)(c)		1			(3	)
Accretion of net gain on terminated cash flow hedges		—			—			—			(39	)		(39	)(d)		15			(24	)
Amortization of prior service credit		—			—			(1,175	)		—			(1,175	)(e)		462			(713	)
Amortization of actuarial losses		—			—			8,300			—			8,300	(e)		(3,266	)		5,034
Total reclassifications		—			964			7,125			(39	)		8,050			(3,169	)		4,881
Total gain (loss) during the period		(370	)		160,624			7,125			(122	)		167,257			(65,819	)		101,438
Balance - March 31, 2016	$	15,989			223,473			(482,535	)		(4,215	)	$	(247,288	)		97,099		$	(150,189	)

	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(loss) 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:
Amortization of unrealized holding losses on HTM securities		—		739		—			—			739	(b)		(289	)		450
Losses realized in net income		—		98		—			—			98	(c)		(36	)		62
Accretion of net 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	)

(a) Other-than-temporary impairment

(b) Included in interest income

(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
	With OTTI			All other					Other			Total
	(in thousands)
Balance - December 31, 2015	$	9,921			38,166		(296,979	)		(2,735	)	$	(251,627	)
Net gain (loss) during period		(224	)		97,418		4,321			(77	)		101,438
Balance - March 31, 2016	$	9,697			135,584		(292,658	)		(2,812	)	$	(150,189	)