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COMPREHENSIVE INCOME
12 Months Ended
Dec. 31, 2014
Disclosure Text Block [Abstract]  
Comprehensive Income (Loss) Note [Text Block]

NOTE 16—COMPREHENSIVE INCOME


Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from nonowner sources. The Company’s other comprehensive income (loss) is comprised of unrealized holding gains and losses on securities available-for-sale, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Company’s defined benefit pension plan, net of taxes.


 

 

 

 

 

 

 

 

 

Details about Accumulated Other
Comprehensive Income Components

 

Amounts Reclassified from Accumulated
Other Comprehensive Income

 

Affected Line Item in the
Statement Where Net Income is
Presented

 

 

Twelve Months Ended
December 31,

 

 

(Dollars in thousands)

 

2014

 

2013

 

2012

 

 

OTTI losses

 

 

$

 

 

 

 

$

 

(652

)

 

 

 

$

 

(870

)

 

 

Net investment securities gains

 

 

 

 

 

 

 

 

178

 

 

 

 

265

   

Tax benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(474

)

 

 

 

 

(605

)

 

 

Net of tax

Sale of investment securities available-for-sale

 

 

 

2,818

 

 

 

 

2,363

 

 

 

 

2,882

   

Net investment securities gains

 

 

 

(986

)

 

 

 

 

(645

)

 

 

 

 

(879

)

 

 

Tax expense

 

 

 

 

 

 

 

 

 

 

 

1,832

 

 

 

 

1,718

 

 

 

 

2,003

   

Net of tax

Amortization of unrealized holding gains on securities transferred from available-for-sale to held-to-maturity

 

 

 

(215

)

 

 

 

 

58

 

 

 

 

2

   

Interest income

 

 

 

 

91

 

 

 

 

(19

)

 

 

 

 

(1

)

 

 

Tax expense

 

 

 

 

 

 

 

 

 

 

(124

)

 

 

 

 

39

 

 

 

 

1

   

Net of tax

Pension plan actuarial (gains) losses

 

 

 

204

 

 

 

 

(654

)

 

 

 

 

790

   

Before tax

 

 

 

(83

)

 

 

 

 

267

 

 

 

 

(323

)

 

 

Tax benefit (expense)

 

 

 

 

 

 

 

 

 

 

 

121

 

 

 

 

(387

)

 

 

 

 

467

   

Net of tax

 

 

 

 

 

 

 

Total reclassification

 

 

$

 

1,829

 

 

 

$

 

896

 

 

 

$

 

1,866

   

Net of tax

 

 

 

 

 

 

 


Accumulated other comprehensive income (loss) at December 31, 2014 and 2013 consisted of the following:


 

 

 

 

 

 

 

2014

 

2013

 

 

(Dollars in Thousands)

Investment securities available for sale, net of tax

 

 

$

 

4,874

 

 

 

$

 

2,374

 

Cash flow hedge

 

 

 

28

 

 

 

 

 

Unamortized component of securities transferred from available-for-sale to held-to-maturity, net of tax

 

 

 

(1,301

)

 

 

 

 

(1,425

)

 

Defined benefit pension and post-retirement plans, net of tax

 

 

 

(4,615

)

 

 

 

 

(3,493

)

 

 

 

 

 

 

Total

 

 

$

 

(1,014

)

 

 

 

$

 

(2,544

)