Comprehensive Income

6 Months Ended

Jun. 30, 2011

(3) Comprehensive Income

Comprehensive income is defined as the change in equity during a period for non-owner transactions and is divided into net income and other comprehensive income. Other comprehensive income includes revenues, expenses, gains, and losses that are excluded from earnings under current accounting standards. The components of comprehensive income for the periods presented are as follows:


	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
	(Dollars in thousands)
Net income	$	1,145			957		$	61		$	1,444
Other comprehensive income (loss):
Unrealized gains on available for sale securities arising during the period		4,404			3,539			4,247			4,541
Tax expense		(1,696	)		(1,363	)		(1,635	)		(1,749	)
Reclassification to realized gains		(858	)		(152	)		(884	)		(1,441	)
Tax expense		330			59			340			556
Defined benefit pension adjustment		—			—			(109	)		—
Tax benefit		—			—			42			—

Total other comprehensive income		2,180			2,083			2,001			1,907

Total comprehensive income	$	3,325			3,040		$	2,062		$	3,351

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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