Comprehensive income

3 Months Ended

Mar. 31, 2017

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						Defined Benefit						Total Amount				Income
	With OTTI (a)			All Other			Plans			Other			Before Tax				Tax			Net
	(In thousands)
Balance — January 1, 2017	$	46,725			(73,785	)		(449,917	)		(8,268	)	$	(485,245	)			190,609		$	(294,636	)
Other comprehensive income before reclassifications:
Unrealized holding gains (losses), net		(8,628	)		5,613			—			—			(3,015	)			1,182			(1,833	)
Foreign currency translation adjustment		—			—			—			732			732				(256	)		476
Total other comprehensive income (loss) before    reclassifications		(8,628	)		5,613			—			732			(2,283	)			926			(1,357	)
Amounts reclassified from accumulated other    comprehensive income that (increase) decrease    net income:
Amortization of unrealized holding losses on    held-to-maturity (“HTM”) securities		—			787			—			—			787		(b)		(310	)		477
Accretion of net gain on terminated cash flow    hedges		—			—			—			(39	)		(39	)	(d)		16			(23	)
Amortization of prior service credit		—			—			(225	)		—			(225	)	(e)		88			(137	)
Amortization of actuarial losses		—			—			6,775			—			6,775		(e)		(2,666	)		4,109
Total reclassifications		—			787			6,550			(39	)		7,298				(2,872	)		4,426
Total gain (loss) during the period		(8,628	)		6,400			6,550			693			5,015				(1,946	)		3,069
Balance — March 31, 2017	$	38,097			(67,385	)		(443,367	)		(7,575	)		(480,230	)			188,663		$	(291,567	)
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:
Amortization of unrealized holding losses on    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	)

(a) Other-than-temporary impairment

(b) Included in interest income

(c) Included in gain on bank investment securities

(d) Included in interest expense

(e) Included in salaries and employee benefits expense

9. Comprehensive income, continued

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, 2016	$	28,338			(44,657	)		(272,874	)		(5,443	)	$	(294,636	)
Net gain (loss) during period		(5,232	)		3,876			3,972			453			3,069
Balance — March 31, 2017	$	23,106			(40,781	)		(268,902	)		(4,990	)	$	(291,567	)