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Other Comprehensive Income
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Other Comprehensive Income
Other Comprehensive Income
The following table presents the activity in other comprehensive income for the periods indicated:
 
 
 
 
 
 
 
 
Three months ended March 31,
2014
 
2013
(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

$964


$352


$612

 

($1,611
)

($558
)

($1,053
)
Net losses on securities reclassified into earnings (1)
—

—

—

 
613

220

393

Net change in fair value of securities available for sale
964

352

612

 
(998
)
(338
)
(660
)
Reclassification adjustment for other-than-temporary impairment losses transferred into earnings (2)
—

—

—

 
2,159

775

1,384

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(43
)
(27
)
(16
)
 
(7
)
(5
)
(2
)
Net cash flow hedge losses reclassified into earnings (3)
145

53

92

 
190

68

122

Net change in fair value of cash flow hedges
102

26

76

 
183

63

120

Defined benefit plan obligation adjustment (4)
88

—

88

 
455

118

337

Total other comprehensive income

$1,154


$378


$776

 

$1,799


$618


$1,181


(1)
Reported as total other-than-temporary impairment losses on securities in the Consolidated Statements of Income.
(2)
Reported as the portion of loss recognized in other comprehensive income in the Consolidated Statements of Income.
(3)
Included in interest expense on junior subordinated debentures in the Consolidated Statements of Income.
(4)
Included in salaries and employee benefits expense in the Consolidated Statements of Income.

The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended March 31, 2014:
(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, 2013

$3,089

 

$112

 

($618
)
 

($4,136
)
 

($1,553
)
Other comprehensive income before reclassifications
612

 
—

 
(16
)
 
—

 
596

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
92

 
88

 
180

Net other comprehensive income (loss)
612

 
—

 
76

 
88

 
776

Balance at March 31, 2014

$3,701

 

$112

 

($542
)
 

($4,048
)
 

($777
)


The following table presents the changes in accumulated other comprehensive income (loss) 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

$9,709

 

($1,937
)
 

($1,006
)
 

($17,265
)
 

($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 (loss)
(660
)
 
1,384

 
120

 
337

 
1,181

Balance at March 31, 2013

$9,049

 

($553
)
 

($886
)
 

($16,928
)
 

($9,318
)