COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME

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

	Three Months Ended
	March 31,
	2014			2013
Net income	$	34,524		$	28,538
Other comprehensive income (loss):
Securities available for sale:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $5,681 and $(99)		10,550			(184	)
Reversal of non-credit related losses on debt securities not expected to be sold, net of tax expense of $3,335		6,192			—
Reclassification adjustment for gains included in net income, net of tax expense of $3,311 and $239		(6,150	)		(445	)
Derivative instruments:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $1,117 and $(373)		2,074			(694	)
Pension and postretirement benefit obligations:
Unrealized gains arising during the period, net of tax expense of $117 and $188		217			349
Other comprehensive income (loss)		12,883			(974	)
Comprehensive income	$	47,407		$	27,564

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
Three Months Ended March 31, 2014
Balance at beginning of period	$	(11,874	)	$	(6,192	)	$	(6,586	)	$	(32,272	)	$	(56,924	)
Other comprehensive income (loss) before reclassifications		10,550			6,192			2,074			217			19,033
Amounts reclassified from accumulated other comprehensive income		(6,150	)		—			—			—			(6,150	)
Net current period other comprehensive income (loss)		4,400			6,192			2,074			217			12,883
Balance at end of period	$	(7,474	)	$	—		$	(4,512	)	$	(32,055	)	$	(44,041	)

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

Three Months Ended March 31, 2014

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)	$	(9,461	)	Net securities gains
		(3,311	)	Tax expense
	$	(6,150	)

(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.