Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2011

Comprehensive Income (Loss) [Abstract]

Comprehensive Income (Loss)

The components of other comprehensive income (loss) were as follows:



	Three Months Ended						Six Months Ended
	June 30,						June 30,
(Dollars in thousands)	2011			2010			2011			2010
Net income	$	2,921		$	3,285		$	4,790		$	4,600
Other comprehensive income (loss):
Available-for-sale investment securities:
Gross unrealized holding gain (loss) arising in the period	8,066			(1,779		)	8,484			(7,766		)
Related tax (expense) benefit	(2,823		)	623			(2,969		)	2,718
Less: reclassification adjustment for net gain included in net income	56			2,218			416			1,248
Related tax expense	(19		)	(776		)	(145		)	(436		)
Net effect on other comprehensive income (loss)	5,206			(2,598		)	5,244			(5,860		)
Defined benefit plans:
Amortization of unrecognized loss and service cost on pension plan	38			77			77			77
Related tax expense	(13		)	(27		)	(27		)	(27		)
Net effect on other comprehensive income	25			50			50			50
Total other comprehensive income (loss), net of tax	5,231			(2,548		)	5,294			(5,810		)
Total comprehensive income (loss)	$	8,152		$	737		$	10,084		$	(1,210	)

The following details the change in the components of Peoples’ accumulated other comprehensive income (loss) for the six months ended June 30, 2011:



(Dollars in thousands)	Unrealized (Loss) Gain on Securities			Unrecognized Net Pension and Postretirement Costs			Accumulated Comprehensive (Loss) Income
Balance, December 31, 2010	$	(2,038	)	$	(2,415	)	$	(4,453	)
Current period change, net of tax	5,244			25			5,269
Balance, June 30, 2011	$	3,206		$	(2,390	)	$	816

- 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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