Comprehensive Income and Accumulated Other Comprehensive (Loss) Income

6 Months Ended

Jun. 30, 2011

Comprehensive Income and Accumulated Other Comprehensive (Loss) Income [Abstract]

Comprehensive Income and Accumulated Other Comprehensive (Loss) Income

Note 9. Comprehensive Income and Accumulated Other Comprehensive (Loss) Income

The following table shows the components of comprehensive income, net of income taxes, for the periods presented:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
	(Dollars in thousands)
Net income	$	4,516		$	3,730		$	8,378		$	6,700
Net unrealized gains on available-for-sale investment securities:
Net unrealized gains arising during the period		3,355			1,506			4,107			1,497
Less: reclassification adjustment for net gains (losses) on sales realized in net income		370			25			370			57
Less: reclassification adjustment for other-than-temporary impairment on equity securities realized in net income		(2	)		(28	)		(7	)		(31	)
Total net unrealized gains on available-for-sale investment securities		2,987			1,509			3,744			1,471
Net change in fair value of derivatives used for cash flow hedges		(391	)		(828	)		(242	)		(1,047	)
Defined benefit pension plans:
Less: amortization of net loss included in net periodic pension costs		(115	)		(116	)		(248	)		(232	)
Less: accretion (amortization) of prior service cost included in net periodic pension costs		(4	)		7			(9	)		(9	)
Less: accretion of transition asset included in net periodic pension costs		46			46			92			92
Total defined benefit pension plans		73			63			165			149
Total comprehensive income, net of tax	$	7,185		$	4,474		$	12,045		$	7,273

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

	Net Unrealized		Net Change
	Gains on		in Fair Value			Net Change			Accumulated
	Available for		of Derivative			Related to			Other
	Sale Investment		Used for Cash			Defined Benefit			Comprehensive
(Dollars in thousands)	Securities		Flow Hedges			Pension Plan			(Loss) Income
Balance, December 31, 2009	$	5,373	$	1,150		$	(7,047	)	$	(524	)
Net Change		1,471		(1,047	)		149			573
Balance, June 30, 2010	$	6,844	$	103		$	(6,898	)	$	49
Balance, December 31, 2010	$	884	$	320		$	(7,970	)	$	(6,766	)
Net Change		3,744		(242	)		165			3,667
Balance, June 30, 2011	$	4,628	$	78		$	(7,805	)	$	(3,099	)