COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2012

COMPREHENSIVE INCOME [Abstract]

COMPREHENSIVE INCOME

 NOTE 7 – COMPREHENSIVE INCOME

The following tables present the components of other comprehensive income and the related tax effects allocated to each component for the periods indicated:

	Three months ended September 30,
	2012									2011
	Before			Tax			Net			Before			Tax			Net
	tax			(expense)			of tax			tax			(expense)			of tax
	amount			benefit			amount			amount			benefit			amount
	(In thousands)
Net unrealized gains on available-for- sale securities:
Unrealized gains arising during holding period	$	6,820		$	(2,613	)	$	4,207		$	14,563		$	(5,578	)	$	8,985
Less: Reclassification adjustment for net gains realized in net income		(39	)		15			(24	)		(2,047	)		783			(1,264	)
Recognized employee benefit plan net periodic benefit cost		704			(269)			435			947			(362)			585
Other comprehensive income	$	7,485		$	(2,867	)	$	4,618		$	13,463		$	(5,157	)	$	8,306
Net income								23,825									11,934
Comprehensive income							$	28,443								$	20,240

	Nine months ended September 30,
	2012									2011
	Before			Tax			Net			Before			Tax			Net
	tax			(expense)			of tax			tax			(expense)			of tax
	amount			benefit			amount			amount			benefit			amount
	(In thousands)
Net unrealized gains on available-for- sale securities:
Unrealized gains arising during holding period	$	10,519		$	(4,034	)	$	6,485		$	56,981		$	(21,823	)	$	35,158
Less: Reclassification adjustment for net gains realized in net income		(290	)		111			(179	)		(12,109	)		4,632			(7,477	)
Recognized employee benefit plan net periodic benefit cost		3088			(1181)			1,907			2,213			(846)			1,367
Other comprehensive income	$	13,317		$	(5,104	)	$	8,213		$	47,085		$	(18,037	)	$	29,048
Net income								67,315									24,266
Comprehensive income							$	75,528								$	53,314