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Comprehensive Income
12 Months Ended
Dec. 31, 2013
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.
 
 
 
 
 
 
 
 
 
 
 
 
Affected Line Item in the
Details about Accumulated Other
 
Amounts Reclassified from Accumulated
 
Statement Where Net Income is
Comprehensive Income Components
 
Other Comprehensive Income
 
Presented
 
 
Twelve Months Ended
 
 
 
 
December 31,
 
 
(Dollars in thousands)
 
2013
 
2012
 
2011
 
 
OTTI losses
 
$
(652)
 
$
(870)
 
$
(342)
 
Net investment securities gains
 
 
 
178
 
 
265
 
 
119
 
Tax benefit
 
 
 
(474)
 
 
(605)
 
 
(223)
 
Net of tax
Sale of investment securities available-for-sale
 
 
2,363
 
 
2,882
 
 
3,976
 
Net investment securities gains
 
 
 
(645)
 
 
(879)
 
 
(1,380)
 
Tax expense
 
 
 
1,718
 
 
2,003
 
 
2,596
 
Net of tax
Amortization of unrealized holding gains on securities transferred from available-for-sale to held-to-maturity
 
 
58
 
 
2
 
 
46
 
Interest income
 
 
 
(19)
 
 
(1)
 
 
(28)
 
Tax expense
 
 
 
39
 
 
1
 
 
18
 
Net of tax
Pension plan actuarial (gains) losses
 
 
(654)
 
 
790
 
 
1,649
 
Before tax
 
 
 
267
 
 
(323)
 
 
(584)
 
Tax benefit (expense)
 
 
 
(387)
 
 
467
 
 
1,065
 
Net of tax
Total reclassification
 
$
896
 
$
1,866
 
$
3,456
 
Net of tax
 
Accumulated other comprehensive income (loss) at December 31, 2013 and 2012 consisted of the following:
 
 
 
2013
 
2012
 
 
 
(Dollars in Thousands)
 
Investment securities available for sale, net of tax
 
$
2,374
 
$
8,781
 
Unamortized component of securities transferred from
    available-for-sale to held-to-maturity, net of tax
 
 
(1,425)
 
 
162
 
Defined benefit pension and post-retirement plans, net of tax
 
 
(3,493)
 
 
(3,880)
 
Total
 
$
(2,544)
 
$
5,063