TCF Bank 2013 Annual Report Download - page 117

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Note 26. Accumulated Other Comprehensive Income
The components of other comprehensive income and the related tax effects are presented in the tables below.
(In thousands) Before Tax Tax Effect Net of Tax
Year Ended December 31, 2013
Securities available for sale:
Unrealized losses arising during the period $ (61,177) $ 23,053 $ (38,124)
Reclassification of gains to net income (860) 324 (536)
Net unrealized losses (62,037) 23,377 (38,660)
Foreign currency hedge:
Unrealized gains arising during the period 1,625 (614) 1,011
Foreign currency translation adjustment:(1)
Unrealized losses arising during the period (1,979) – (1,979)
Recognized postretirement prior service cost and translation obligation:
Net actuarial losses arising during the period (46) 18 (28)
Total other comprehensive loss $ (62,437) $ 22,781 $ (39,656)
Year Ended December 31, 2012
Securities available for sale:
Unrealized gains arising during the period $ 19,794 $ (7,252) $ 12,542
Reclassification of gains to net income (89,879) 32,745 (57,134)
Net unrealized losses (70,085) 25,493 (44,592)
Foreign currency hedge:
Unrealized losses arising during the period (630) 239 (391)
Foreign currency translation adjustment:(1)
Unrealized gains arising during the period 531 – 531
Recognized postretirement prior service cost and translation obligation:
Net actuarial gains arising during the period 123 (54) 69
Total other comprehensive loss $ (70,061) $ 25,678 $ (44,383)
Year Ended December 31, 2011
Securities available for sale:
Unrealized gains arising during the period $122,638 $(44,959) $ 77,679
Reclassification of gains to net income (8,045) 2,949 (5,096)
Net unrealized gains 114,593 (42,010) 72,583
Foreign currency hedge:
Unrealized gains arising during the period 261 (93) 168
Foreign currency translation adjustment:(1)
Unrealized losses arising during the period (433) – (433)
Recognized postretirement prior service cost and translation obligation:
Net actuarial gains arising during the period 308 (108) 200
Total other comprehensive income $114,729 $(42,211) $ 72,518
(1) Foreign investments are deemed to be permanent in nature and therefore do not provide for taxes on foreign currency translation
adjustments.
Reclassifications of gains to net income were recorded in gains 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.
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