Comprehensive Income

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Comprehensive Income

NOTE 7. COMPREHENSIVE INCOME

The activity in accumulated other comprehensive income for the six months ended June 30, 2014 and 2013 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, 2013	$	(7,966	)	$	(6,126	)	$	1,358		$	(12,734	)
Other comprehensive income before reclassifications		—			7,194			—			7,194
Amounts reclassified from accumulated other comprehensive income		475			(157	)	$	(171	)		147
Period change		475			7,037		$	(171	)		7,341
Balance at June 30, 2014	$	(7,491	)	$	911		$	1,187		$	(5,393	)
Balance at December 31, 2012	$	(21,401	)	$	13,032		$	2,004		$	(6,365	)
Other comprehensive income before reclassifications		—			(11,526	)		—			(11,526	)
Amounts reclassified from accumulated other comprehensive income		1,050			(82	)		(406	)		562
Period change		1,050			(11,608	)		(406	)		(10,964	)
Balance at June 30, 2013	$	(20,351	)	$	1,424		$	1,598		$	(17,329	)

⁽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 36.5%.

The following table provides details about amounts reclassified from accumulated other comprehensive income for the three and six months ended June 30, 2014 and 2013:

Details about Accumulated Other Comprehensive Income Components	For the Three Months Ended June 30,						For the Six Months  Ended June 30,						Affected Line Item in the Statement of Net Income
(unaudited, in thousands)	2014			2013			2014			2013
Securities available-for-sale (1):
Net securities gains reclassified into earnings	$	(170	)	$	(113	)	$	(248	)	$	(129	)	Net securities gains (Non-interest income)
Related income tax expense		63			42			91			47		Provision for income taxes
Net effect on accumulated other comprehensive income for the period		(107	)		(71	)		(157	)		(82	)
Securities held-to-maturity (1):
Amortization of unrealized gain transferred from available-for-sale		(132	)		(362	)		(270	)		(650	)	Interest and dividends on securities (Interest and dividend income)
Related income tax expense		48			133			99			244		Provision for income taxes
Net effect on accumulated other comprehensive income for the period		(84	)		(229	)		(171	)		(406	)
Defined benefit pension plan (2):
Amortization of net loss and prior service costs		378			909			752			1,743		Employee benefits (Non-interest expense)
Related income tax expense		(139	)		(334	)		(277	)		(693	)	Provision for income taxes
Net effect on accumulated other comprehensive income for the period		239			575			475			1,050
Total reclassifications for the period	$	48		$	275			147		$	562

⁽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 5, “Pension Plan” for additional detail.