Huntington National Bank 2013 Annual Report Download - page 156

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150
2011
Tax (expense)
(dollar amounts in thousands) Pretax Benefit After-tax
N
oncredi
t
-related impairment recoveries (losses) on debt securities not expected to be sold $11,537 $(4,038) $7,499
Unrealized holding (losses) gains on available-for-sale debt securities arising during the period 95,586 (33,455) 62,131
Less: Reclassification adjustment for net gains (losses) included in net income 3,681 (1,288) 2,393
Net change in unrealized holding (losses) gains on available-for-sale debt securities 110,804 (38,781) 72,023
Net change in unrealized holding (losses) gains on available-for-sale equity securities 612 (215) 397
Unrealized gains and losses on derivatives used in cash flow hedging relationships arising
during the period 4,875 (1,703) 3,172
Less: Reclassification adjustment for net losses (gains) losses included in net income 3,107 (1,091) 2,016
Net change in unrealized gains (losses) on derivatives used in cash flow hedging
relationships 7,982 (2,794) 5,188
N
et actuarial gains (losses) arising during the yea
r
(104,146) 36,451 (67,695)
Amortization of net actuarial loss and prior service cost included in income 21,261 (7,441) 13,820
Net change in pension and post-retirement obligations (82,885) 29,010 (53,875)
Total other comprehensive (loss) income $36,513 $ (12,780) $ 23,733
Activity in accumulated OCI for the three years ended December 31, were as follows:
(dollar amounts in thousands)
Unrealized
g
ains and
(losses) on
debt
securities (1)
Unrealized
g
ains and
(losses) on
equit
y
securities
Unrealized
gains and
(losses) on
cash flow
hedging
derivatives
Unrealized
gains
(losses) for
pension and
other post-
retirement
obligations Total
Balance, January 1, 2011 $ (101,290) $ (427) $ 35,710 $ (131,489) $ (197,496)
Period change 72,023 397 5,188 (53,875) 23,733
Balance, December 31, 2011 (29,267) (30) 40,898 (185,364) (173,763)
Period change 67,571 224 6,186 (51,035) 22,946
Balance, December 31, 2012 38,304 194 47,084 (236,399) (150,817)
Other comprehensive income before reclassifications (81,575) 98 (56,056) 88,694 (48,839)
Amounts reclassified from accumulated OCI to earnings 4,037 --- (9,872) (8,518) (14,353)
Period change (77,538) 98 (65,928) 80,176 (63,192)
Balance, December 31, 2013 $ (39,234) $ 292 $ (18,844) $ (156,223) $ (214,009)
(1) Amount at December 31, 2012 includes $0.2 million of net unrealized gains on securities transferred from the available-for-sale
securities portfolio to the held-to-maturity securities portfolio. The net unrealized gains will be recognized in earnings over the
remaining life of the security using the effective interest method.