Three months ended June 30, 2013

Six months ended June 30, 2013

Pre-tax

Tax expense

Net-of-tax

Pre-tax

Tax expense

Net-of-tax

(In thousands)

Beginning balance, net of tax

$

23,477

$

465

Net unrealized losses arising during the period

$

(54,334

)

$

(22,842

)

$

(31,492

)

$

(46,391

)

$

(19,503

)

$

(26,888

)

Reclassification adjustment for net securities losses included in net income

(12,177

)

(5,119

)

(7,058

)

(18,469

)

(7,764

)

(10,705

)

Net unrealized gains arising from transferring securities held-to-maturity to available-for-sale

-

38,052

15,997

22,055

Total other comprehensive income

$

(66,511

)

$

(27,961

)

$

(38,550

)

$

(26,808

)

$

(11,270

)

$

(15,538

)

Ending balance, net of tax

$

(15,073

)

$

(15,073

)