Three months ended March 31, 2014

Three months ended March 31, 2013

Pre-tax

Tax expense

Net-of-tax

Pre-tax

Tax expense

Net-of-tax

(In thousands)

Beginning balance, net of tax

$

(29,729

)

$

465

Net unrealized gains arising during the period

$

19,140

$

8,047

$

11,094

$

7,947

$

3,343

$

4,604

Reclassification adjustment for net securities gains included in net income

(5,960

)

(2,506

)

(3,455

)

(6,292

)

(2,645

)

(3,647

)

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

-

38,052

15,997

22,055

Total other comprehensive income

$

13,180

$

5,541

$

7,639

$

39,707

$

16,695

$

23,012

Ending balance, net of tax

$

(22,090

)

$

23,477