Comprehensive Income

3 Months Ended

Mar. 31, 2013

Shareholders' Equity and Comprehensive Income [Abstract]

Comprehensive Income

Note 24 – Comprehensive Income

Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income. The components of other comprehensive income and related tax effects are as follows:

	Three months ended March 31,
	2013			2012
(In thousands)
Decrease in unrealized gains on available-for-sale securities arising during the period	$	(1,073	)	$	(265	)
Tax effect		452			112
Other comprehensive income	$	(621	)	$	(153	)

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

	March 31, 2013			December 31, 2012
	(In thousands)
Net unrealized gains on available-for-sale securities	$	7,361		$	8,434
Tax effect		(3,095	)		(3,547	)
Unrealized gains on available-for-sale securities, net of tax		4,266			4,887
Minimum pension liability		(3,806	)		(3,806	)
Tax effect		1,600			1,600
Minimum pension liability, net of tax		(2,206	)		(2,206	)
Joint beneficiary agreement liability		(522	)		(522	)
Tax effect		—			—
Joint beneficiary agreement liability, net of tax		(522	)		(522	)
Accumulated other comprehensive income (loss)	$	1,538		$	2,159