Comprehensive Income and Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2011

Comprehensive Income and Accumulated Other Comprehensive Loss [Abstract]

Comprehensive Income and Accumulated Other Comprehensive Loss

Note 14. Comprehensive Income and Accumulated Other Comprehensive Loss

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

	For the Years Ended December 31,
(Dollars in thousands)	2011			2010			2009
Net income	$	18,882		$	15,756		$	10,780
Net unrealized gains (losses) on available-for-sale investment securities:
Net unrealized gains (losses) arising during the period		7,333			(4,248	)		2,730
Less: reclassification adjustment for net gains on sales realized in net income		921			281			748
Less: reclassification adjustment for other-than-temporary impairment on equity securities realized in net income		(10	)		(40	)		(1,110	)
Total net unrealized gains (losses) on available-for-sale investment securities		6,422			(4,489	)		3,092
Net change in fair value of derivative used for cash flow hedges		(1,252	)		(830	)		1,299
Defined benefit pension plans:
Net unrealized (losses) gains arising during the period		(4,822	)		(1,208	)		1,314
Less: amortization of net loss included in net periodic pension costs		(483	)		(450	)		(601	)
Prior service costs rising during the period		—			—			1,771
Less: accretion (amortization) of prior service cost included in net periodic pension costs		166			165			(18	)
Total defined benefit pension plans		(4,505	)		(923	)		3,704
Total comprehensive income, net of tax	$	19,547		$	9,514		$	18,875

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

	Net
	Unrealized			Net Change
	(Losses)			in Fair			Net Change
	Gains			Value of			Related to
	Available for			Derivative			Defined			Accumulated
	Sale			Used for			Benefit			Other
	Investment			Cash Flow			Pension			Comprehensive
(Dollars in thousands)	Securities			Hedges			Plan			Loss
Balance, December 31, 2008		2,281			(149	)		(10,751	)		(8,619	)
Net Change		3,092			1,299			3,704			8,095
Balance, December 31, 2009		5,373			1,150			(7,047	)		(524	)
Net Change		(4,489	)		(830	)		(923	)		(6,242	)
Balance, December 31, 2010	$	884		$	320		$	(7,970	)	$	(6,766	)
Net Change		6,422			(1,252	)		(4,505	)		665
Balance, December 31, 2011	$	7,306		$	(932	)	$	(12,475	)	$	(6,101	)