Comprehensive Income

9 Months Ended

Sep. 30, 2012

Comprehensive Income [Abstract]

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 nine months ended September 30, 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:

	Nine Months Ended September 30,
	2012			2011
	(in thousands)
Unrealized holding gains on available-for-sale securities	$	19,391		$	8,051
Tax effect		(7,259	)		(3,189	)
Net of tax amount		12,132			4,862
Reclassification adjustment of OTTI losses included in income		332			303
Tax effect		(105	)		(106	)
Net of tax amount		227			197
Reclassification adjustment for net gains arising during this period		(2,545	)		(3,120	)
Tax effect		802			1,089
Net of tax amount		(1,743	)		(2,031	)
Unrealized holding gains on securities transferred from available-for-sale to held-to-maturity		—			291
Tax effect		—			(110	)
Net of tax amount		—			181
Amortization of unrealized holding gains on securities transferred from available-for-sale to held-to-maturity		4			(24	)
Tax effect		(1	)		10
Net of tax amount		3			(14	)
Change in minimum pension liability		—			(142	)
Tax effect		—			57
Net of tax amount		—			(85	)
Other comprehensive income, net of tax	$	10,619		$	3,110

Accumulated other comprehensive income (loss) at September 30, 2012 and December 31, 2011 consisted of the following:

	September 30, 2012			December 31, 2011
	(in thousands)
Investment securities available-for-sale, net of tax	$	8,420		$	(2,196	)
Unamortized component of securities transferred from available-for-sale to held-to-maturity, net of tax		166			163
Defined benefit pension and post-retirement plans, net of tax		(3,413	)		(3,413	)
Total accumulated other comprehensive income (loss)	$	5,173		$	(5,446	)