HUDSON CITY BANCORP INC | 2013 | FY | 3


12. Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component, net of tax, is as follows:

 

     Unrealized gains
(losses) on securities
available for sale
    Postretirement
Benefit Plans
    Total  
     (In thousands)  

Balance at December 31, 2012

   $ 122,629      $ (52,659   $ 69,970   
  

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss) before reclassifications

     (84,158     21,662        (62,496

Amounts reclassified from accumulated other comprehensive (loss) income

     (4,527     3,389        (1,138
  

 

 

   

 

 

   

 

 

 

Other comprehensive (loss) income

     (88,685     25,051        (63,634
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2013

   $ 33,944      $ (27,608   $ 6,336   
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011

   $ 89,339      $ (49,688   $ 39,651   
  

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss) before reclassifications

     33,290        (6,346     26,944   

Amounts reclassified from accumulated other comprehensive income

     —          3,375        3,375   
  

 

 

   

 

 

   

 

 

 

Other comprehensive income

     33,290        (2,971     30,319   
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2012

   $ 122,629      $ (52,659   $ 69,970   
  

 

 

   

 

 

   

 

 

 

 

The following table presents the reclassification adjustment out of accumulated other comprehensive income (loss) included in net income and the corresponding line item on the consolidated statements of operations for the periods indicated:

 

Details about Accumulated Other

Comprehensive Income Components

   Amounts Reclassified
from Accumulated Other
Comprehensive Income
   

Line Item

in the Statement of

Income

     For the Years Ended December 31,      
     2013     2012     2011      

Securities available for sale:

        

Net realized gain on securities available for sale

   $ 7,653      $ —        $ 102,468      Gain on securities transaction, net

Income tax expense

     (3,126     —          (40,526   Income tax expense
  

 

 

   

 

 

   

 

 

   

Net of income tax expense

     4,527        —          61,942     
  

 

 

   

 

 

   

 

 

   

Postretirement benefit pension plans:

        

Amortization of prior service cost

     1,207        1,207        1,219 (a)   

Amortization of net actuarial loss

     (6,935     (6,912     (5,367 )(a)   
  

 

 

   

 

 

   

 

 

   

Total before income tax expense

     (5,728     (5,705     (4,148  

Income tax expense

     2,339        2,330        1,657      Income tax expense
  

 

 

   

 

 

   

 

 

   

Net of income tax expense

     (3,389     (3,375     (2,491  
  

 

 

   

 

 

   

 

 

   

Total reclassifications

   $ 1,138      $ (3,375   $ 59,451     
  

 

 

   

 

 

   

 

 

   

 

(a) These items are included in the computation of net periodic pension cost. See Employee Benefit Plans footnote for additional disclosure.

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