Three months ended September 30, 2013

Nine months ended September 30, 2013

Pre-tax

Tax expense

Net-of-tax

Pre-tax

Tax expense

Net-of-tax

(In thousands)

Beginning balance, net of tax

$

(15,073

)

$

465

Net unrealized losses arising during the period

$

(1,854

)

$

(780

)

$

(1,074

)

$

(48,245

)

$

(20,282

)

$

(27,963

)

Reclassification adjustment for net securities losses included in net income

(8,688

)

(3,652

)

(5,036

)

(27,157

)

(11,417

)

(15,740

)

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

-

38,052

15,997

22,055

Total other comprehensive income

$

(10,542

)

$

(4,432

)

$

(6,110

)

$

(37,350

)

$

(15,702

)

$

(21,648

)

Ending balance, net of tax

$

(21,183

)

$

(21,183

)