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Comprehensive Income
 3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Comprehensive Income

COMPREHENSIVE INCOME

The components of comprehensive income, net of related tax, are as follows:

 

     Three Months Ended  
     March 31,  
     2013     2012  

Net income

    $ 28,538      $ 21,582   

Other comprehensive income:

     

Unrealized gains on securities:

     

Arising during the period, net of tax (benefit) expense of $(99) and $649

      (184 )      1,205   

Less: reclassification adjustment for gains included in net income, net of tax expense of $239 and $38

      (445 )      (70 ) 

Unrealized losses on derivative instruments, net of tax benefit of $373

      (694 )      —     

Unrealized losses associated with pension and postretirement benefits, net of tax benefit of $188 and $150

      349        278   
  

 

 

    

 

 

  

Other comprehensive income

      (974 )      1,413   
  

 

 

    

 

 

  

Comprehensive income

    $   27,564      $   22,995   
  

 

 

    

 

 

  

The following table presents changes in accumulated other comprehensive income, net of tax, by component:

 

Three Months Ended March 31, 2013    Unrealized
Net Gains  on
Securities
Available
for Sale		     Non-Credit
Related  Loss
on Debt
Securities not
Expected to
be Sold		     Unrealized
Losses on
Derivative
Instruments		     Unrecognized
Pension and
Postretirement
Obligations		     Total  

Beginning balance

    $ 9,269      $ (8,039 )    $ (171 )    $ (47,283 )    $ (46,224 ) 

Other comprehensive income before reclassifications

      (511 )      327        (694 )      349        (529 ) 

Amounts reclassified from accumulated other comprehensive income

      (445 )      —          —          —          (445 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net current period other comprehensive Income

      (956 )      327        (694 )      349        (974 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance

    $ 8,313      $ (7,712 )    $ (865 )    $ (46,934 )    $ (47,198 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

The following table presents a summary of the reclassifications out of accumulated other comprehensive income:

Three Months Ended March 31, 2013

 

Details About Accumulated Other

Comprehensive Income Component

    Amount
Reclassified  from
Other
Comprehensive
Income		     Affected Line Item
in the Statement
where Net Income
is Presented

Unrealized net gains on securities available for sale

    $ (684 )    Net securities gains
     239      Tax expense
  

 

 

    
   $ (445 )    Net of tax