Comprehensive Income

6 Months Ended

Jun. 30, 2011

(14) Comprehensive Income

(Dollars in thousands)

Three months ended June 30,	2011			2010
Net income	$	7,565		$	5,298
Unrealized gains on securities, net of income tax expense of $1,958 in 2011 and $1,878 in 2010		3,537			3,401
Unrealized losses on cash flow hedges, net of income tax benefits of $259 in 2011 and $307 in 2010		(468	)		(556	)
Less reclassification adjustments:
(Gains) losses on securities, net of income tax expense of $81 in 2011 and income tax benefit of $86 in 2010		(145	)		157
Change in non-credit portion of other-than-temporary impairment losses, net of income tax benefit of $40 in 2010		–			72
Gains on cash flow hedges, net of income tax expense of $68 in 2011 and $3 in 2010		122			5
Net periodic pension cost, net of income tax benefit of $33 in 2011 and $28 in 2010		60			50
Total comprehensive income	$	10,671		$	8,427

(Dollars in thousands)

Six months ended June 30,	2011			2010
Net income	$	14,365		$	10,470
Unrealized gains on securities, net of income tax expense of $2,010 in 2011 and $2,961 in 2010		3,626			5,397
Unrealized losses on cash flow hedges, net of income tax benefit of $232 in 2011 and $372 in 2010		(419	)		(673	)
Less reclassification adjustments:
(Gains) losses on securities, net of income tax expense of $51 in 2011 and income tax benefit of $87 in 2010		(92	)		158
Change in non-credit portion of other-than-temporary impairment losses, net of income tax expense of $8 in 2011 and income tax benefit of $61 in 2010		(13	)		111
Gains on cash flow hedges, net of income tax expense of $136 in 2011 and $71 in 2010		245			129
Net periodic pension cost, net of income tax benefit of $66 in 2011 and $56 in 2010		120			101
Total comprehensive income	$	17,832		$	15,693

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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