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Other Comprehensive Income
9 Months Ended
Sep. 30, 2011
Other Comprehensive Income 
Other Comprehensive Income

5.                                       Other Comprehensive Income (Loss)

 

The Corporation's other comprehensive income (loss) items are unrealized gains on securities available for sale and unfunded pension liability. The components of other comprehensive income (loss) for the three month and nine month periods ended September 30 were as follows:

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

In thousands

 

2011

 

2010

 

2011

 

2010

 

Unrealized holding gains (losses) on available for sale securities arising during the period

 

$

1,502

 

$

(98

)

$

3,121

 

$

2,901

 

Reclassification of gains realized in net income

 

(1

)

(47

)

(1

)

(72

)

 

 

 

 

 

 

 

 

 

 

Net Unrealized Gains (Losses)

 

1,501

 

(145

)

3,120

 

2,829

 

 

 

 

 

 

 

 

 

 

 

Tax effect

 

508

 

(50

)

1,058

 

961

 

 

 

 

 

 

 

 

 

 

 

 

 

993

 

(95

)

2,062

 

1,868

 

 

 

 

 

 

 

 

 

 

 

Change in pension liability

 

45

 

122

 

141

 

366

 

 

 

 

 

 

 

 

 

 

 

Tax effect

 

15

 

41

 

49

 

125

 

 

 

 

 

 

 

 

 

 

 

 

 

30

 

81

 

92

 

241

 

 

 

 

 

 

 

 

 

 

 

Other Comprehensive Income (Loss)

 

$

1,023

 

$

(14

)

$

2,154

 

$

2,109

 

 

The components of the accumulated other comprehensive income, net of taxes, are as follows:

 

In thousands

 

Unrealized
Gains on
Securities

 

Pension
Liability

 

Accumulated
Other
Comprehensive
Income

 

BALANCE, SEPTEMBER 30, 2011

 

$

5,985

 

$

(2,649

)

$

3,336

 

 

 

 

 

 

 

 

 

BALANCE, DECEMBER 31, 2010

 

$

3,923

 

$

(2,741

)

$

1,182

 

 

 

 

 

 

 

 

 

BALANCE, SEPTEMBER 30, 2010

 

$

6,074

 

$

(4,321

)

$

1,753