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Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2013
Statement of Other Comprehensive Income [Abstract]  
Activity in Other Comprehensive Income
The following table presents the activity in other comprehensive income (loss) and the affected line item in the Consolidated Statement of Income for the periods indicated:
Three months ended June 30,
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

($5,958
)

($2,137
)

($3,821
)
 

($934
)

($333
)

($601
)
Net gains on securities reclassified into earnings (1)
—

—

—

 
(299
)
(107
)
(192
)
Net change in fair value of securities available for sale
(5,958
)
(2,137
)
(3,821
)
 
(1,233
)
(440
)
(793
)
Reclassification adjustment for other-than-temporary impairment losses transferred into earnings (2)
—

—

—

 
—

—

—

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
52

18

34

 
(199
)
(71
)
(128
)
Net cash flow hedge losses reclassified into earnings (3)
184

66

118

 
174

62

112

Net unrealized losses on cash flow hedges
236

84

152

 
(25
)
(9
)
(16
)
Defined benefit plan obligation adjustment (4)
454

162

292

 
266

95

171

Total other comprehensive loss

($5,268
)

($1,891
)

($3,377
)
 

($992
)

($354
)

($638
)

Six months ended June 30,
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

($7,569
)

($2,695
)

($4,874
)
 

($693
)

($235
)

($458
)
Net losses (gains) on securities reclassified into earnings (1)
613

220

393

 
(214
)
(76
)
(138
)
Net change in fair value of securities available for sale
(6,956
)
(2,475
)
(4,481
)
 
(907
)
(311
)
(596
)
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
45

13

32

 
(320
)
(116
)
(204
)
Net cash flow hedge losses reclassified into earnings (3)
374

134

240

 
347

124

223

Net change in fair value of cash flow hedges
419

147

272

 
27

8

19

Defined benefit plan obligation adjustment (4)
909

280

629

 
533

177

356

Total other comprehensive loss

($3,469
)

($1,273
)

($2,196
)
 

($223
)

($82
)

($141
)

(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 six months ended June 30, 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
(4,874
)
 
—

 
32

 
—

 
(4,842
)
Amounts reclassified from accumulated other comprehensive income
393

 
1,384

 
240

 
629

 
2,646

Net other comprehensive income
(4,481
)
 
1,384

 
272

 
629

 
(2,196
)
Balance at June 30, 2013

$5,230

 

($554
)
 

($734
)
 

($16,637
)
 

($12,695
)


The following table presents the changes in accumulated other comprehensive income by component, net of tax, for the six months ended June 30, 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
(596
)
 
80

 
19

 
356

 
(141
)
Balance at June 30, 2012

$12,547

 

($1,982
)
 

($1,108
)
 

($11,493
)
 

($2,036
)