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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
3 Months Ended
Mar. 31, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
Schedule of components of other comprehensive income

 

 

 

 

Before Tax

 

Tax Effect

 

Net of Tax

 

 

 

(Dollars in thousands)

 

Three Months Ended March 31, 2014

 

 

 

 

 

 

 

Net unrealized gains on investment securities:

 

 

 

 

 

 

 

Net unrealized gains arising during the period

 

$

15,944

 

$

6,368

 

$

9,576

 

 

 

 

 

 

 

 

 

Defined benefit plans:

 

 

 

 

 

 

 

Amortization of net actuarial losses

 

305

 

123

 

182

 

Amortization of net transition obligation

 

4

 

2

 

2

 

Amortization of prior service cost

 

5

 

2

 

3

 

Defined benefit plans, net

 

314

 

127

 

187

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

$

16,258

 

$

6,495

 

$

9,763

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2013

 

 

 

 

 

 

 

Net unrealized losses on investment securities:

 

 

 

 

 

 

 

Net unrealized losses arising during the period

 

$

(4,823

)

$

 

$

(4,823

)

 

 

 

 

 

 

 

 

Net unrealized gains on derivatives:

 

 

 

 

 

 

 

Reclassification adjustment for losses realized in net income

 

394

 

(10,599

)

10,993

 

 

 

 

 

 

 

 

 

Defined benefit plans:

 

 

 

 

 

 

 

Amortization of net actuarial losses

 

616

 

 

616

 

Amortization of net transition obligation

 

4

 

 

4

 

Amortization of prior service cost

 

5

 

 

5

 

Defined benefit plans, net

 

625

 

 

625

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

$

(3,804

)

$

(10,599

)

$

6,795

 

Schedule of changes in each component of AOCI, net of tax

 

 

 

 

 

 

 

 

Defined

 

Accumulated Other

 

 

 

Investment

 

 

 

Benefit

 

Comprehensive

 

 

 

Securities

 

Derivatives

 

Plans

 

Income (Loss)

 

 

 

(Dollars in thousands)

 

Three Months Ended March 31, 2014

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

(9,125

)

$

 

$

(6,720

)

$

(15,845

)

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 

9,576

 

 

 

9,576

 

Amounts reclassified from AOCI

 

 

 

187

 

187

 

Total other comprehensive income

 

9,576

 

 

187

 

9,763

 

 

 

 

 

 

 

 

 

 

 

Balance at end of period

 

$

451

 

$

 

$

(6,533

)

$

(6,082

)

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2013

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

22,740

 

$

(10,993

)

$

(12,577

)

$

(830

)

 

 

 

 

 

 

 

 

 

 

Other comprehensive loss before reclassifications

 

(4,823

)

 

 

(4,823

)

Amounts reclassified from AOCI

 

 

10,993

 

625

 

11,618

 

Total other comprehensive income (loss)

 

(4,823

)

10,993

 

625

 

6,795

 

 

 

 

 

 

 

 

 

 

 

Balance at end of period

 

$

17,917

 

$

 

$

(11,952

)

$

5,965

 

Schedule of amounts reclassified out of each component of AOCI

 

 

 

 

 

 

 

 

Affected Line Item in the

 

Details about AOCI Components

 

 

 

 

 

Statement Where Net

 

(Dollars in thousands)

 

Amount Reclassified from AOCI

 

Income is Presented

 

 

 

Three Months Ended March 31,

 

 

 

 

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Unrealized losses on derivatives

 

$

 

$

(394

)

Interest income

 

 

 

 

(10,599

)

Tax expense

 

 

 

$

 

$

(10,993

)

Net of tax

 

 

 

 

 

 

 

 

 

Amortization of defined benefit plan items

 

 

 

 

 

 

 

Net actuarial losses

 

$

(305

)

$

(616

)

(1)

 

Net transition obligation

 

(4

)

(4

)

(1)

 

Prior service cost

 

(5

)

(5

)

(1)

 

 

 

(314

)

(625

)

Total before tax

 

 

 

127

 

 

Tax benefit

 

 

 

$

(187

)

$

(625

)

Net of tax

 

 

 

 

 

 

 

 

 

Total reclassifications for the period

 

$

(187

)

$

(11,618

)

Net of tax

 

 

 

 

 

 

 

 

 

 

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 14 for additional details).