Comprehensive Income

3 Months Ended

Mar. 31, 2012

Comprehensive Income

Comprehensive Income

Note 6. Comprehensive Income

Total comprehensive income includes all changes in equity during a period arising from transactions and other events and circumstances from non-owner sources. The Corporation's other comprehensive income is comprised of unrealized holding gains and losses on investment securities available-for-sale, and actuarial losses of defined benefit plans, net of taxes.

Disclosure of comprehensive income for the three months ended March 31, 2012, and 2011 is presented in the Consolidated Statements of Comprehensive Income. The table below provides a reconciliation of the components of other comprehensive income to the data provided in the Consolidated Statements of Comprehensive Income.

The components of other comprehensive income, net of tax, were as follows for the periods indicated:

	Three Months Ended March 31,
	2012			2011
	(in thousands)
Reclassification adjustment of OTTI losses included in income	$	58		$	95
Unrealized holding gains on available-for-sale securities		4,966			2,921
Reclassification adjustment for net gains arising during this period		(995	)		(861	)
Net unrealized gains on available-for-sale securities		4,029			2,155
Amortization of unrealized holding gains on securities transferred from available-for-sale to held-to-maturity		(10	)		—
Net unrealized gain on securities		4,019			2,155
Tax effect		(1,459	)		(861	)
Net of tax amount		2,560			1,294
Change in minimum pension liability		—			(142	)
Tax effect		—			57
Net of tax amount		—			(85	)
Other comprehensive income, net of tax	$	2,560		$	1,209

Accumulated other comprehensive loss at March 31, 2012 and December 31, 2011 consisted of the following:

	March 31, 2012			December 31, 2011
	(in thousands)
Investment securities available-for-sale, net of tax	$	370		$	(2,196	)
Unamortized component of securities transferred from available-for-sale to held-to-maturity, net of tax		157			163
Defined benefit pension and post-retirement plans, net of tax		(3,413	)		(3,413	)
Total accumulated other comprehensive loss	$	(2,886	)	$	(5,446	)