COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2015

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 March 31,
	2015			2014
	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 gains arising during
holding period	$      9,033	$     (3,481)	$       5,552	$    12,062	$     (4,621)	$      7,441
Reclassification adjustment for
net (gains) losses realized in net income (1)	(14)	5	(9)	4	(2)	2
Recognized employee benefit plan
net periodic benefit cost (2)	1,797	(687)	1,110	738	(282)	456
Other comprehensive income	$    10,816	$     (4,163)	$       6,653	$    12,804	$     (4,905)	$      7,899
Net income			32,266			28,444
Comprehensive  income			$     38,919			$    36,343

(1)  Reclassification adjustments for netgains (losses) on available-for-sale securities are reported as net securitygains (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.