Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2011

Comprehensive Income (Loss)

Comprehensive Income (Loss)

11) Comprehensive Income (Loss)

        Comprehensive income (loss) consists of other comprehensive income and net income (loss). Other comprehensive income refers to gains and losses that are included in comprehensive income (loss) but are excluded from net income (loss) because they have been recorded directly in equity under the provisions of other accounting guidance. The following is a summary of the components of other comprehensive (loss) income:

				For the Three Months Ended September 30,						For the Nine Months Ended September 30,
				2011			2010			2011			2010
				(Dollars in thousands)
Net income (loss)				$	4,817		$	651		$	8,484		$	(57,562	)
Net unrealized holding gains on available-for-sale securities and I/O strips					7,733			1,417			11,607			1,769
Less: Deferred income tax					(3,248	)		(595	)		(4,875	)		(743	)
	Change in unrealized gains on available-for-sale securities and I/O strips, net of deferred income tax				4,485			822			6,732			1,026
Net pension and other post retirement plan liability adjustment					2,034			112			2,229			348
Less: Deferred income tax					(1,498	)		(47	)		(1,579	)		(146	)
	Change in pension and other post retirement plan liability, net of deferred income tax				536			65			650			202
		Other comprehensive income			5,021			887			7,382			1,228
			Total comprehensive income (loss)	$	9,838		$	1,538		$	15,866		$	(56,334	)