COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME

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

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2013			2012		2013			2012
Net income	$	31,634		$	30,743	$	89,365		$	81,455
Other comprehensive income (loss):
Unrealized gains (losses) on securities:
Arising during the period, net of tax (benefit) expense of $(2,635), $1,061, $(8,835) and $3,112		(4,894	)		1,970		(16,408	)		5,779
Less: reclassification adjustment for (losses) gains included in net income, net of tax (benefit) expense of $2, $(65), $260 and $247		(3	)		120		(483	)		(459	)
Unrealized gains (losses) on derivative instruments, net of tax expense (benefit) of $239 and $(2,215)		443			—		(4,113	)		—
Unrealized gains associated with pension and postretirement benefits, net of tax expense of $194, $161, $569 and $461		360			299		1,057			856
Other comprehensive income (loss)		(4,094	)		2,389		(19,947	)		6,176
Comprehensive income	$	27,540		$	33,132	$	69,418		$	87,631

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

	Unrealized Net Gains (Losses) 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
Nine Months Ended September 30, 2013
Balance at beginning of period	$	9,269		$	(8,039	)	$	(171	)	$	(47,283	)	$	(46,224	)
Other comprehensive income (loss) before reclassifications		(17,914	)		1,506			(4,113	)		1,057			(19,464	)
Amounts reclassified from accumulated other comprehensive income		(483	)		—			—			—			(483	)
Net current period other comprehensive income (loss)		(18,397	)		1,506			(4,113	)		1,057			(19,947	)
Balance at end of period	$	(9,128	)	$	(6,533	)	$	(4,284	)	$	(46,226	)	$	(66,171	)

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

Nine Months Ended September 30, 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 (1)	$	(743	)	Net securities gains
		(260	)	Tax expense
	$	(483	)

(1) For additional detail related to unrealized net gains on securities available for sale and related amounts reclassified from accumulated other comprehensive income see the “Securities” note in this Report.