Comprehensive Income and Accumulated Other Comprehensive (Loss) Income

9 Months Ended

Sep. 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						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(Dollars in thousands)
Net income	$	5,244		$	4,147		$	13,622		$	10,847
Net unrealized gains on available-for-sale investment securities:
Net unrealized gains arising during the period		2,277			439			6,384			1,936
Less: reclassification adjustment for net gains on sales realized in net income		551			220			921			277
Less: reclassification adjustment for other-than-temporary impairment on equity securities realized in net income		—			(7	)		(7	)		(38	)
Total net unrealized gains on available-for-sale investment securities		1,726			226			5,470			1,697
Net change in fair value of derivatives used for cash flow hedges		(953	)		(507	)		(1,195	)		(1,554	)
Defined benefit pension plans:
Less: amortization of net loss included in net periodic pension costs		(117	)		(106	)		(365	)		(338	)
Less: amortization of prior service cost included in net periodic pension costs		(4	)		(5	)		(13	)		(14	)
Less: accretion of transition asset included in net periodic pension costs		46			46			138			138
Total defined benefit pension plans		75			65			240			214
Total comprehensive income, net of tax	$	6,092		$	$3,931		$	18,137		$	11,204

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, 2010	$	884	$	320		$	(7,970	)	$	(6,766	)
Net Change		5,470		(1,195	)		240			4,515
Balance, September 30, 2011	$	6,354	$	(875	)	$	(7,730	)	$	(2,251	)
Balance, December 31, 2009	$	5,373	$	1,150		$	(7,047	)	$	(524	)
Net Change		1,697		(1,554	)		214			357
Balance, September 30, 2010	$	7,070	$	(404	)	$	(6,833	)	$	(167	)