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Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Component of Other Comprehensive Income (Loss)
The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the following table. Reclassification adjustments related to securities available for sale are included in net gain (loss) on securities transactions in the accompanying consolidated statements of income. The change in the net actuarial gain/loss on defined-benefit post-retirement benefit plans is included in the computation of net periodic pension expense (see Note 13 – Defined Benefit Plans). Reclassification adjustments related to interest rate swaps on variable-rate loans are included in interest income and fees on loans in the accompanying consolidated statements of income.
 
Three Months Ended 
 September 30, 2015
 
Three Months Ended 
 September 30, 2014
 
Before Tax
Amount
 
Tax  Expense,
(Benefit)
 
Net of  Tax
Amount
 
Before Tax
Amount
 
Tax  Expense,
(Benefit)
 
Net of  Tax
Amount
Securities available for sale and transferred securities:
 
 
 
 
 
 
 
 
 
 
 
Change in net unrealized gain/loss during the period
$
86,445

 
$
30,256

 
$
56,189

 
$
9,464

 
$
3,312

 
$
6,152

Change in net unrealized gain on securities transferred to held to maturity
(8,831
)
 
(3,091
)
 
(5,740
)
 
(8,746
)
 
(3,061
)
 
(5,685
)
Reclassification adjustment for net (gains) losses included in net income
52

 
18

 
34

 
(33
)
 
(12
)
 
(21
)
Total securities available for sale and transferred securities
77,666

 
27,183

 
50,483

 
685

 
239

 
446

Defined-benefit post-retirement benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Change in the net actuarial gain/loss
1,748

 
612

 
1,136

 
672

 
235

 
437

Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment for gains on interest rate swaps on variable-rate loans included in net income

 

 

 
(9,345
)
 
(3,270
)
 
(6,075
)
Total other comprehensive income (loss)
$
79,414

 
$
27,795

 
$
51,619

 
$
(7,988
)
 
$
(2,796
)
 
$
(5,192
)

 
Nine Months Ended 
 September 30, 2015
 
Nine Months Ended 
 September 30, 2014
 
Before Tax
Amount
 
Tax  Expense,
(Benefit)
 
Net of  Tax
Amount
 
Before Tax
Amount
 
Tax  Expense,
(Benefit)
 
Net of  Tax
Amount
Securities available for sale and transferred securities:
 
 
 
 
 
 
 
 
 
 
 
Change in net unrealized gain/loss during the period
$
7,704

 
$
2,697

 
$
5,007

 
$
76,007

 
$
26,602

 
$
49,405

Change in net unrealized gain on securities transferred to held to maturity
(24,925
)
 
(8,724
)
 
(16,201
)
 
(27,119
)
 
(9,492
)
 
(17,627
)
Reclassification adjustment for net (gains) losses included in net income
(176
)
 
(62
)
 
(114
)
 
(35
)
 
(12
)
 
(23
)
Total securities available for sale and transferred securities
(17,397
)
 
(6,089
)
 
(11,308
)
 
48,853

 
17,098

 
31,755

Defined-benefit post-retirement benefit plans:
 
 
 
 
 
 
 
 
 
 
 
Change in the net actuarial gain/loss
5,246

 
1,836

 
3,410

 
2,015

 
705

 
1,310

Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment for gains on interest rate swaps on variable-rate loans included in net income

 

 

 
(28,035
)
 
(9,812
)
 
(18,223
)
Total other comprehensive income (loss)
$
(12,151
)
 
$
(4,253
)
 
$
(7,898
)
 
$
22,833

 
$
7,991

 
$
14,842


Schedule of Accumulated Other Comprehensive Income, Net of Tax
Activity in accumulated other comprehensive income (loss), net of tax, was as follows:
 
Securities
Available
For Sale
 
Defined
Benefit
Plans
 
Derivatives
 
Accumulated
Other
Comprehensive
Income
Balance January 1, 2015
$
190,589

 
$
(48,775
)
 
$

 
$
141,814

Other comprehensive income (loss) before reclassifications
(11,194
)
 
3,410

 

 
(7,784
)
Amounts reclassified from accumulated other comprehensive income (loss)
(114
)
 

 

 
(114
)
Net other comprehensive income (loss) during period
(11,308
)
 
3,410

 

 
(7,898
)
Balance September 30, 2015
$
179,281

 
$
(45,365
)
 
$

 
$
133,916

 
 
 
 
 
 
 
 
Balance January 1, 2014
$
146,672

 
$
(26,131
)
 
$
19,893

 
$
140,434

Other comprehensive income (loss) before reclassifications
31,778

 
1,310

 

 
33,088

Amounts reclassified from accumulated other comprehensive income (loss)
(23
)
 

 
(18,223
)
 
(18,246
)
Net other comprehensive income (loss) during period
31,755

 
1,310

 
(18,223
)
 
14,842

Balance September 30, 2014
$
178,427

 
$
(24,821
)
 
$
1,670

 
$
155,276