Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2012

Shareholders' Equity and Comprehensive Income [Abstract]

Components of other comprehensive income and related tax effects

The components of other comprehensive income and related tax effects are as follows:

	Three months ended September 30,						Nine months ended September, 30
(in thousands)	2012			2011			2012			2011
Unrealized holding gains (losses) on available-for-sale securities	$	168		$	1,422		$	(304	)	$	3,724
Tax effect		(70	)		(598	)		128			(1,566	)
Unrealized holding gains (losses) on available-for-sale securities, net of tax	$	98		$	824		$	(176	)	$	2,158

Components of accumulated other comprehensive income

The components of accumulated other comprehensive income, included in shareholders’ equity, are as follows:

	September 30, 2012			December 31, 2011
	(In thousands)
Net unrealized gains on available-for-sale securities	$	10,226		$	10,530
Tax effect		(4,299	)		(4,427	)
Unrealized holding gains on available-for-sale securities, net of tax		5,927			6,103
Pension liability		(3,802	)		(3,802	)
Tax effect		1,598			1,598
Pension liability, net of tax		(2,204	)		(2,204	)
Joint beneficiary agreement liability		(152	)		(152	)
Tax effect		64			64
Joint beneficiary agreement liability, net of tax		(88	)		(88	)
Accumulated other comprehensive income (loss)	$	3,635		$	3,811