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Comprehensive Income
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Comprehensive Income

12. COMPREHENSIVE INCOME

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

 

     Three Months Ended  
     March 31,  
     2016     2015  

Net income

    $ 26,132      $ 40,343   

Other comprehensive income:

     

Securities available for sale:

     

Unrealized gains arising during the period, net of tax expense of $7,719 and $4,523

      14,335        8,400   

Reclassification adjustment for (gains) losses included in net income, net of tax expense of $25 and $(3)

      (46 )      6   

Derivative instruments:

     

Unrealized gains arising during the period, net of tax expense of $1,693 and $1,504

      3,145        2,793   

Reclassification adjustment for gains included in net income, net of tax expense of $188 and $283

      (349 )      (526 ) 

Pension and postretirement benefit obligations:

     

Unrealized gains arising during the period, net of tax expense of $214 and $189

      397        350   
  

 

 

    

 

 

  

Other comprehensive income

      17,482        11,023   
  

 

 

    

 

 

  

Comprehensive income

    $ 43,614      $ 51,366   
  

 

 

    

 

 

  

 

The amounts reclassified from AOCI related to securities available for sale are included in net securities gains on the Consolidated Statements of Comprehensive Income, while the amounts reclassified from AOCI related to derivative instruments are included in interest income on loans and leases on the Consolidated Statements of Comprehensive Income.

The tax (benefit) expense amounts reclassified from AOCI in connection with the securities available for sale and derivative instruments reclassifications are included in income taxes on the Consolidated Statements of Comprehensive Income.

The following table presents changes in AOCI, net of tax, by component:

 

     Unrealized
Net Gains
(Losses) on
Securities
Available
for Sale		      Unrealized
Net Gains
(Losses) on
Derivative
Instruments		      Unrecognized
Pension and
Postretirement
Obligations		      Total  

Three Months Ended March 31, 2016

            

Balance at beginning of period

    $ (3,873 )     $ 1,440       $ (48,700 )     $ (51,133 ) 

Other comprehensive income before reclassifications

      14,335         3,145         397         17,877   

Amounts reclassified from AOCI

      (46 )       (349 )       —           (395 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net current period other comprehensive income

      14,289         2,796         397         17,482   
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance at end of period

    $ 10,416       $ 4,236       $ (48,303 )     $ (33,651 )