ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

13.  ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the changes in AOCI for the three and six months ended June 30, 2013 and 2012, by component:

	Before Tax			Tax Effect			Net of Tax
	(Dollars in thousands)
Three Months Ended June 30, 2013
Net unrealized gain/loss on investment securities:
Net unrealized loss arising during the period	$	(39,577	)	$	(16,477	)	$	(23,100	)
Change in net unrealized gain/loss on investment securities	(39,577		)	(16,477		)	(23,100		)
Defined benefit plans:
Amortization of accumulated benefit plan losses	618			248			370
Amortization of unrecognized transition obligations	4			2			2
Amortization of prior service cost	5			2			3
Change in defined benefit plans	627			252			375
Change in accumulated other comprehensive income	$	(38,950	)	$	(16,225	)	$	(22,725	)
Three Months Ended June 30, 2012
Net unrealized gain/loss on investment securities:
Net unrealized gain arising during the period	$	1,696		$	—		$	1,696
Change in net unrealized gain/loss on investment securities	1,696			—			1,696
Net unrealized gain/loss on derivatives:
Reclassification adjustment for gain/loss realized in net income	(359		)	—			(359		)
Change in net unrealized gain/loss on derivatives	(359		)	—			(359		)
Defined benefit plans:
Amortization of accumulated benefit plan losses	580			—			580
Amortization of unrecognized transition obligations	4			—			4
Amortization of prior service cost	4			—			4
Change in defined benefit plans	588			—			588
Change in accumulated other comprehensive income	$	1,925		$	—		$	1,925

	Before Tax			Tax Effect			Net of Tax
	(Dollars in thousands)
Six Months Ended June 30, 2013
Net unrealized gain/loss on investment securities:
Net unrealized loss arising during the period	$	(44,400	)	$	(16,477	)	$	(27,923	)
Change in net unrealized gain/loss on investment securities	(44,400		)	(16,477		)	(27,923		)
Net unrealized gain/loss on derivatives:
Reclassification adjustment for gain/loss realized in net income	394			(10,599		)	10,993
Change in net unrealized gain/loss on derivatives	394			(10,599		)	10,993
Defined benefit plans:
Amortization of accumulated benefit plan losses	1,234			248			986
Amortization of unrecognized transition obligations	8			2			6
Amortization of prior service cost	10			2			8
Change in defined benefit plans	1,252			252			1,000
Change in accumulated other comprehensive income	$	(42,754	)	$	(26,824	)	$	(15,930	)
Six Months Ended June 30, 2012
Net unrealized gain/loss on investment securities:
Net unrealized loss arising during the period	$	(1,784	)	$	—		$	(1,784	)
Change in net unrealized gain/loss on investment securities	(1,784		)	—			(1,784		)
Net unrealized gain/loss on derivatives:
Reclassification adjustment for gain/loss realized in net income	(931		)	—			(931		)
Change in net unrealized gain/loss on derivatives	(931		)	—			(931		)
Defined benefit plans:
Amortization of accumulated benefit plan losses	1,160			—			1,160
Amortization of unrecognized transition obligations	8			—			8
Amortization of prior service cost	9			—			9
Change in defined benefit plans	1,177			—			1,177
Change in accumulated other comprehensive income	$	(1,538	)	$	—		$	(1,538	)

The following table presents the changes in each component of AOCI, net of tax, for the three and six months ended June 30, 2013:

	Net
	Unrealized			Net
	Gain (Loss)			Unrealized			Defined
	on Investment			Gain (Loss)			Benefit
	Securities			on Derivatives			Plans			Total
	(Dollars in thousands)
Balance at March 31, 2013	$	17,917		$	—		$	(11,952	)	$	5,965
Other comprehensive loss before reclassifications	(23,100		)	—			—			(23,100		)
Amounts reclassified from AOCI	—			—			375			375
Net current-period other comprehensive income (loss)	(23,100		)	—			375			(22,725		)
Balance at June 30, 2013	$	(5,183	)	$	—		$	(11,577	)	$	(16,760	)
Balance at December 31, 2012	$	22,740		$	(10,993	)	$	(12,577	)	$	(830	)
Other comprehensive loss before reclassifications	(27,923		)	—			—			(27,923		)
Amounts reclassified from AOCI	—			10,993			1,000			11,993
Net current-period other comprehensive income (loss)	(27,923		)	10,993			1,000			(15,930		)
Balance at June 30, 2013	$	(5,183	)	$	—		$	(11,577	)	$	(16,760	)

The following table presents the amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2013:

	Amount			Affected Line Item in the
Details about AOCI Components	Reclassified			Statement Where Net
(Dollars in thousands)	from AOCI			Income is Presented
Three months ended June 30, 2013
Amortization of defined benefit plan items
Net actuarial losses	$	618		(1)
Transition obligations	4			(1)
Prior service cost	5			(1)
	627			Total before income tax
	(252		)	Income tax expense
	$	375		Net of income tax
Total reclassifications for the period	$	375		Net of income tax
Six months ended June 30, 2013
Unrealized gain/loss on derivatives
	$	394		Interest income
	10,599			Income tax benefit
	$	10,993		Net of income tax
Amortization of defined benefit plan items
Net actuarial losses	$	1,234		(1)
Transition obligations	8			(1)
Prior service cost	10			(1)
	1,252			Total before income tax
	(252		)	Income tax expense
	$	1,000		Net of income tax
Total reclassifications for the period	$	11,993		Net of income tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 14 for additional details).