| Accumulated Other Comprehensive Income |
3) Accumulated Other Comprehensive Income ("AOCI")
The following table reflects the changes in AOCI by component for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended March 31, 2013 and 2012 |
|
|
|
Unrealized
Gains on
Available-
for-Sale
Securities
and I/O
Strips(1) |
|
Unamortized
Unrealized
Gain on
Available-
for-Sale
Securities
Reclassified
to Held-to-
Maturity(1) |
|
Defined
Benefit
Pension
Plan
Items(1) |
|
Total(1) |
|
|
|
(Dollars in thousands)
|
|
|
Beginning balance January 1, 2013, net of taxes |
|
$ |
7,887 |
|
$ |
497 |
|
$ |
(5,703 |
) |
$ |
2,681 |
|
|
Other comprehensive (loss) before reclassification, net of taxes |
|
|
(1,255 |
) |
|
— |
|
|
(24 |
) |
|
(1,279 |
) |
|
Amounts reclassified from other comprehensive income (loss), net of taxes |
|
|
(18 |
) |
|
(8 |
) |
|
41 |
|
|
15 |
|
| |
|
|
|
|
|
|
|
|
|
|
Net current period other comprensive income (loss), net of taxes |
|
|
(1,273 |
) |
|
(8 |
) |
|
17 |
|
|
(1,264 |
) |
| |
|
|
|
|
|
|
|
|
|
|
Ending balance March 31, 2013, net of taxes |
|
$ |
6,614 |
|
$ |
489 |
|
$ |
(5,686 |
) |
$ |
1,417 |
|
| |
|
|
|
|
|
|
|
|
|
|
Beginning balance January 1, 2012, net of taxes |
|
$ |
6,210 |
|
$ |
— |
|
$ |
(5,255 |
) |
$ |
955 |
|
|
Other comprehensive income (loss) before reclassification, net of taxes |
|
|
216 |
|
|
— |
|
|
(8 |
) |
|
208 |
|
|
Amounts reclassified from other comprehensive income (loss), net of taxes |
|
|
(16 |
) |
|
— |
|
|
41 |
|
|
25 |
|
| |
|
|
|
|
|
|
|
|
|
|
Net current period other comprensive income, net of taxes |
|
|
200 |
|
|
— |
|
|
33 |
|
|
233 |
|
| |
|
|
|
|
|
|
|
|
|
|
Ending balance March 31, 2012, net of taxes |
|
$ |
6,410 |
|
$ |
— |
|
$ |
(5,222 |
) |
$ |
1,188 |
|
| |
|
|
|
|
|
|
|
|
|
- (1)
- Amounts in parenthesis indicate debits.
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|
|
|
|
|
|
|
|
|
|
Amounts
Reclassified
from AOCI(1)
For the Three
Months Ended
March 31, |
|
|
|
|
Affected Line Item Where
Net Income is Presented |
|
Details About AOCI Components |
|
2013 |
|
2012 |
|
|
(Dollars in
thousands)
|
|
|
|
Unrealized gains on available-for-sale securities and I/O strips |
|
$ |
31 |
|
$ |
27 |
|
Realized gains on sale of securities |
|
|
|
|
(13 |
) |
|
(11 |
) |
Income tax expense |
| |
|
|
|
|
|
|
|
|
|
|
18 |
|
|
16 |
|
Net of tax |
| |
|
|
|
|
|
|
|
Amortization of unrealized gain on securities available-for-sale that were reclassified to securities held-to-maturity |
|
|
14 |
|
|
— |
|
Interest income on taxable securities |
|
|
|
|
(6 |
) |
|
— |
|
Income tax expense |
| |
|
|
|
|
|
|
|
|
|
|
8 |
|
|
— |
|
Net of tax |
| |
|
|
|
|
|
|
|
Amortization of defined benefit pension plan items(2) |
|
|
|
|
|
|
|
|
|
Prior service cost |
|
|
— |
|
|
(7 |
) |
|
|
Actuarial losses |
|
|
(71 |
) |
|
(63 |
) |
|
| |
|
|
|
|
|
|
|
|
|
|
(71 |
) |
|
(70 |
) |
Income before income tax |
|
|
|
|
30 |
|
|
29 |
|
Income tax expense |
| |
|
|
|
|
|
|
|
|
|
|
(41 |
) |
|
(41 |
) |
Net of tax |
| |
|
|
|
|
|
|
|
Total reclassification for the period |
|
$ |
(15 |
) |
$ |
(25 |
) |
|
| |
|
|
|
|
|
|
- (1)
- Amounts in parenthesis indicate debits.
- (2)
- This AOCI component is included in the computation of net periodic benefit cost (see Note 7—Benefit Plans).
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