Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2013

Other Comprehensive Income (Loss)/ Capital Raise [Abstract]

OTHER COMPREHENSIVE INCOME (LOSS)

13. OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income (loss) included in the Consolidated Statements of Shareholders’ Equity consists of unrealized gains and losses on available for sale securities and reflects no change in unrealized gains and losses on postretirement liability. The change includes reclassification of gains on sales of securities of $721,000 and no impairment charges at March 31, 2013, and gains on sales of securities of $414,000 and no impairment charges at March 31, 2012.

Other comprehensive income (loss) components and related tax effects for the three month periods are as follows:

	Three Months Ended			Three Months Ended
	March 31,			March 31,
	2013			2012
	(Dollars in thousands)
Unrealized holding gain (loss) on securities available for sale	$	(2,242	)	$	(2,469	)
Unrealized holding gain (loss) on postretirement benefits		—			—
Reclassification adjustment for (gains) losses realized in income		(721	)		(414	)
Net unrealized gains		(2,963	)		(2,883	)
Tax effect		—			—
Net of tax amount	$	(2,963	)	$	(2,883	)

The following is a summary of accumulated other comprehensive income (loss) balances, net of tax:

	Balance at December 31, 2012		Current Period Change			Balance at March 31, 2013
Unrealized gains (losses) on securities available for sale	$	5,082	$	(2,963	)	$	2,119
Unrealized gains (losses) on post-retirement benefits		1,600		—			1,600
Total	$	6,682	$	(2,963	)	$	3,719

The following is a summary of each component of accumulated other comprehensive income (loss) that was reclassified into net income during the period:

	Unrealized gains/losses on Available for Sale Securities			Postretirement Benefits		Total
Beginning balance	$	5,082		$	1,600	$	6,682
Other comprehensive loss before reclassification		(2,242	)		—		(2,242	)
Amounts reclassified from accumulated other comprehensive income		(721	)		—		(721	)
Net current period other comprehensive loss		(2,963	)		—		(2,963	)
Ending balance	$	2,119		$	1,600	$	3,719