Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2013

Statement of Other Comprehensive Income [Abstract]

Activity in Other Comprehensive Income

The following table presents the activity in other comprehensive income (loss) during the three months ended March 31, 2013 and 2012 and the affected line item in the Consolidated Statement of Income:

	2013									2012
(Dollars in thousands)	Pre-tax Amounts			Income Taxes			Net of Tax			Pre-tax Amounts			Income Taxes			Net of Tax
Securities available for sale:
Changes in fair value of securities available for sale		($1,611	)		($558	)		($1,053	)		$241			$98			$143
Less: net losses on securities reclassified into earnings (1)	613			220			393			85			30			55
Net change in fair value of securities available for sale	(998		)	(338		)	(660		)	326			128			198
Reclassification adjustment for other-than-temporary impairment losses transferred into earnings (2)	2,159			775			1,384			124			44			80
Cash flow hedges:
Change in fair value of cash flow hedges	(7		)	(5		)	(2		)	(119		)	(44		)	(75		)
Less: net cash flow hedge losses reclassified into earnings (3)	190			68			122			171			61			110
Net change in fair value of cash flow hedges	183			63			120			52			17			35
Defined benefit plan obligation adjustment (4)	455			118			337			266			82			184
Total other comprehensive income		$1,799			$618			$1,181			$768			$271			$497

(1) Reported as total other-than-temporary impairment losses on securities in the Consolidated Income Statement.

(2) Reported as the portion of loss recognized in other comprehensive income in the Consolidated Income Statement.

(3) Included in interest expense on junior subordinated debentures in the Consolidated Income Statement.

(4) Included in salaries and employee benefits expense in the Consolidated Income Statement. See Note 12 and the Annual Report on Form 10‑K for fiscal year 2012 for additional information.

Components of Accumulated Other Comprehensive Income

The following table presents the changes in accumulated other comprehensive income by component, net of tax, for the three months ended March 31, 2013:

(Dollars in thousands)	Net Unrealized Gains on Available For Sale Securities			Noncredit -related Impairment			Net Unrealized Losses on Cash Flow Hedges			Pension Benefit Adjustment			Total
Balance at December 31, 2012		$9,711			($1,938	)		($1,006	)		($17,266	)		($10,499	)
Other comprehensive income before reclassifications	(1,053		)	—			(2		)	—			(1,055		)
Amounts reclassified from accumulated other comprehensive income	393			1,384			122			337			2,236
Net other comprehensive income	(660		)	1,384			120			337			1,181
Balance at March 31, 2013		$9,051			($554	)		($886	)		($16,929	)		($9,318	)

The following table presents the changes in accumulated other comprehensive income by component, net of tax, for the three months ended March 31, 2012:

(Dollars in thousands)	Net Unrealized Gains on Available For Sale Securities		Noncredit -related Impairment			Net Unrealized Losses on Cash Flow Hedges			Pension Benefit Adjustment			Total
Balance at December 31, 2011		$13,143		($2,062	)		($1,127	)		($11,849	)		($1,895	)
Net other comprehensive income	198		80			35			184			497
Balance at March 31, 2012		$13,341		($1,982	)		($1,092	)		($11,665	)		($1,398	)