Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 8. ACCUMULATED OTHER COMPREHENSIVE INCOME

The activity in accumulated other comprehensive income for the three months ended March 31, 2013 and 2012 is as follows:

	Accumulated Other Comprehensive Income (1)
(unaudited, in thousands)	Defined Benefit Pension Plan			Unrealized Gains (Losses) on Securities Available-for-Sale			Unrealized Gains on Securities Transferred from Available-for-Sale to Held-to-Maturity			Total
Balance at December 31, 2012	$	(21,401	)	$	13,032		$	2,004		$	(6,365	)
Other comprehensive income before reclassifications		—			(729	)		—			(729	)
Amounts reclassified from accumulated other comprehensive income		475			(10	)		(177	)		288
Period change		475			(739	)		(177	)		(441	)
Balance at March 31, 2013	$	(20,926	)	$	12,293		$	1,827		$	(6,806	)
Balance at December 31, 2011	$	(15,155	)	$	11,292		$	2,961		$	(902	)
Other comprehensive income before reclassifications		—			588			—			588
Amounts reclassified from accumulated other comprehensive income		309			(63	)		(258	)		(12	)
Period change		309			525			(258	)		576
Balance at March 31, 2012	$	(14,846	)	$	11,817		$	2,703		$	(326	)

⁽¹⁾  All amounts are net of tax. Related income tax expense or benefit is calculated using a combined Federal and State income tax rate approximating 37%.

Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income For the Three months ended March 31,						Affected Line Item in the Statement of Net Income
(unaudited, in thousands)	2013			2012
Securities available-for-sale (1):
Net securities gains reclassified into earnings	$	(16	)	$	(100	)	Net securities gains
Related income tax expense		6			37		Provision for income taxes
Net effect on accumulated other comprehensive income for the period		(10	)		(63	)	Net of tax
Securities held-to-maturity (1):
Amortization of unrealized gain transferred from available-for-sale		(288	)		(426	)	Interest and dividends on securities
Related income tax expense		111			168		Provision for income taxes
Net effect on accumulated other comprehensive income for the period		(177	)		(258	)	Net of tax
Defined benefit pension plan (2):
Amortization of net loss and prior service costs		834			580		Employee benefits
Related income tax expense		(359	)		(271	)	Provision for income taxes
Net effect on accumulated other comprehensive income for the period		475			309		Net of tax
Total reclassifications for the period	$	288		$	(12	)	Net of tax

⁽¹⁾ For additional detail related to unrealized gains on securities and related amounts reclassified from accumulated other comprehensive income see Note 3, “Securities.”

⁽²⁾ Included in the computation of net periodic pension cost. See Note 6, “Pension Plan” for additional detail.