TCF Bank 2014 Annual Report Download - page 113

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Note 25. Accumulated Other Comprehensive Income (Loss)
The components of other comprehensive income (loss) and the related tax effects are presented in the tables below.
(In thousands) Before Tax Tax Effect Net of Tax
Year Ended December 31, 2014:
Securities available for sale:
Unrealized gains (losses) arising during the period $ 29,071 $(10,932) $ 18,139
Reclassification of net (gains) losses to net income (76) 29 (47)
Net unrealized gains (losses) 28,995 (10,903) 18,092
Net investment hedges:
Unrealized gains (losses) arising during the period 3,126 (1,181) 1,945
Foreign currency translation adjustment:(1)
Unrealized gains (losses) arising during the period (3,704) – (3,704)
Recognized postretirement prior service cost:
Reclassification of net (gains) losses to net income (47) 17 (30)
Total other comprehensive income (loss) $ 28,370 $(12,067) $ 16,303
Year Ended December 31, 2013:
Securities available for sale:
Unrealized gains (losses) arising during the period $(61,177) $ 23,053 $(38,124)
Reclassification of net (gains) losses to net income (860) 324 (536)
Net unrealized gains (losses) (62,037) 23,377 (38,660)
Net investment hedges:
Unrealized gains (losses) arising during the period 1,625 (614) 1,011
Foreign currency translation adjustment:(1)
Unrealized gains (losses) arising during the period (1,979) – (1,979)
Recognized postretirement prior service cost:
Reclassification of net (gains) losses to net income (46) 18 (28)
Total other comprehensive income (loss) $(62,437) $ 22,781 $(39,656)
Year Ended December 31, 2012:
Securities available for sale:
Unrealized gains (losses) arising during the period $ 19,794 $ (7,252) $ 12,542
Reclassification of net (gains) losses to net income (89,879) 32,745 (57,134)
Net unrealized gains (losses) (70,085) 25,493 (44,592)
Net investment hedges:
Unrealized gains (losses) arising during the period (630) 239 (391)
Foreign currency translation adjustment:(1)
Unrealized gains (losses) arising during the period 531 – 531
Recognized postretirement prior service cost:
Unrealized gains (losses) arising during the period 151 (66) 85
Reclassification of net (gains) losses to net income (28) 12 (16)
Total other comprehensive income (loss) $(70,061) $ 25,678 $(44,383)
(1) Foreign investments are deemed to be permanent in nature and therefore TCF does not provide for taxes on foreign currency translation
adjustments.
Reclassifications of net gains and net losses to net income related to securities available for sale were recorded in gains (losses)
on securities, net in the Consolidated Statements of Income. The tax effect of these reclassifications was recorded in income tax
expense (benefit) in the Consolidated Statements of Income. See Note 16, Employee Benefit Plans, for additional information
regarding TCF’s recognized postretirement prior service cost.
100