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COMPREHENSIVE INCOME (Tables)
9 Months Ended
Sep. 30, 2013
COMPREHENSIVE INCOME [Abstract]  
Components Of Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30,

 

 

2013

 

2012

 

 

Before

 

 

 

Net

 

Before

 

 

 

Net

 

 

tax

 

Tax

 

of tax

 

tax

 

Tax

 

of tax

 

 

amount

 

effect

 

amount

 

amount

 

effect

 

amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized (losses) gains on available-for-

 

(In thousands)

sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized (losses) gains arising during

 

 

 

 

 

 

 

 

 

 

 

 

holding period

 

$     (1,439)

 

$         554 

 

$        (885)

 

$      6,820 

 

$     (2,613)

 

$      4,207 

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net losses (gains) realized in net income (1)

 

 

(1)

 

 

(39)

 

15 

 

(24)

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

1,337 

 

(512)

 

825 

 

704 

 

(269)

 

435 

Other comprehensive (loss) income

 

$          (97)

 

$           41 

 

$          (56)

 

$      7,485 

 

$     (2,867)

 

$      4,618 

Net income

 

 

 

 

 

24,857 

 

 

 

 

 

23,825 

Comprehensive  income

 

 

 

 

 

$     24,801 

 

 

 

 

 

$    28,443 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30,

 

 

2013

 

2012

 

 

Before

 

 

 

Net

 

Before

 

 

 

Net

 

 

tax

 

Tax

 

of tax

 

tax

 

Tax

 

of tax

 

 

amount

 

effect

 

amount

 

amount

 

effect

 

amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized (losses) gains on available-for-

 

(In thousands)

sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized (losses) gains arising

 

 

 

 

 

 

 

 

 

 

 

 

during holding period

 

$   (53,820)

 

$    20,610 

 

$   (33,210)

 

$    10,519 

 

$     (4,034)

 

$      6,485 

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net gains realized in net income (1)

 

(17)

 

 

(10)

 

(290)

 

111 

 

(179)

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

4,011 

 

(1,534)

 

2,477 

 

3,088 

 

(1,181)

 

1,907 

Other comprehensive (loss) income

 

$   (49,826)

 

$    19,083 

 

$   (30,743)

 

$    13,317 

 

$     (5,104)

 

$      8,213 

Net income

 

 

 

 

 

66,417 

 

 

 

 

 

67,315 

Comprehensive  income

 

 

 

 

 

$     35,674 

 

 

 

 

 

$    75,528 

 

(1)  Reclassification adjustments for net gains (losses) on available-for-sale securities are reported as net security gains (losses) on the consolidated statements of income.

(2)  Recognized employee benefit plan net periodic benefit cost include amortization of unrecognized transition amount, recognized prior service cost and recognized net loss.  For more information, see Note 9 - Pension Benefits.