Comprehensive Income

12 Months Ended

Dec. 31, 2012

Comprehensive Income [Abstract]

COMPREHENSIVE INCOME

Note 15 — Comprehensive Income

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from non-owner sources. The Corporation'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 Corporation's defined benefit pension plan, net of taxes.

Disclosure of comprehensive income for the years ended December 31, 2012, 2011 and 2010 is presented in the Consolidated Statements of Comprehensive Income. The table below provides a reconciliation of the components of other comprehensive income to the disclosure provided in the Consolidated Statement of Comprehensive Income.

	Years Ended December 31,
	2012			2011			2010
	(Dollars in Thousands)
Reclassification adjustments for OTTI losses included in income	$	870		$	342		$	5,576
Tax effect		(265	)		(119	)		(1,121	)
Net of tax amount		605			223			4,455
Unrealized gains on available for sale securities		19,819			8,990			3,822
Tax effect		(7,444	)		(3,486	)		(1,791	)
Net of tax amount		12,375			5,504			2,031
Reclassification adjustment for realized gains arising during this period		(2882	)		(3,976	)		(4,237	)
Tax effect		879			1,380			852
Net of tax amount		(2,003	)		(2,596	)		(3,385	)
Unrealized holding gains on securities transferred from available-for-sale to held-to-maturity securities		—			291			—
Tax effect		—			(110	)		—
Net of tax amount		—			181			—
Unrealized holding gains on securities transferred from available-for-sale to held-to-maturity securities		(2	)		(46	)		—
Tax effect		1			28			—
Net of tax amount		(1	)		(18	)		—
Actuarial loss		(790	)		(1,649	)		—
Tax effect		323			584			—
Net of tax amount		(467	)		(1,065	)		—
Other comprehensive income, net of tax	$	10,509		$	2,229		$	3,101

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

	2012			2011
	(Dollars in Thousands)
Investment securities available for sale, net of tax	$	8,781		$	(2,196	)
Unamortized component of securities transferred from available-for-sale to held-to-maturity, net of tax		162			163
Defined benefit pension and post-retirement plans, net of tax		(3,880	)		(3,413	)
Total	$	5,063		$	(5,446	)