XML 59 R45.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Activity in Other Comprehensive Income
The following tables present the activity in other comprehensive income for the periods indicated:
Three months ended June 30,
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

$2,837


$1,020


$1,817

 

($5,958
)

($2,137
)

($3,821
)
Net losses (gains) on securities reclassified into earnings (1)
—

—

—

 
—

—

—

Net change in fair value of securities available for sale
2,837

1,020

1,817

 
(5,958
)
(2,137
)
(3,821
)
Reclassification adjustment for other-than-temporary impairment losses transferred into earnings (2)
—

—

—

 
—

—

—

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
19

33

(14
)
 
52

18

34

Net cash flow hedge losses reclassified into earnings (3)
145

52

93

 
184

66

118

Net change in fair value of cash flow hedges
164

85

79

 
236

84

152

Defined benefit plan obligation adjustment (4)
127

46

81

 
454

162

292

Total other comprehensive income (loss)

$3,128


$1,151


$1,977

 

($5,268
)

($1,891
)

($3,377
)


Six months ended June 30,
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

$3,801


$1,372


$2,429

 

($7,569
)

($2,695
)

($4,874
)
Net losses on securities reclassified into earnings (1)
—

—

—

 
613

220

393

Net change in fair value of securities available for sale
3,801

1,372

2,429

 
(6,956
)
(2,475
)
(4,481
)
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
(24
)
6

(30
)
 
45

13

32

Net cash flow hedge losses reclassified into earnings (3)
290

105

185

 
374

134

240

Net change in fair value of cash flow hedges
266

111

155

 
419

147

272

Defined benefit plan obligation adjustment (4)
254

85

169

 
909

280

629

Total other comprehensive income (loss)

$4,321


$1,568


$2,753

 

($3,469
)

($1,273
)

($2,196
)

(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.
Components of Accumulated Other Comprehensive Income
The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the six months ended June 30, 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 (loss) before reclassifications
2,429

 
—

 
(30
)
 
—

 
2,399

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
185

 
169

 
354

Net other comprehensive income
2,429

 
—

 
155

 
169

 
2,753

Balance at June 30, 2014

$5,518

 

$112

 

($463
)
 

($3,967
)
 

$1,200



The following table presents the changes in accumulated other comprehensive income (loss) 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 (loss) before reclassifications
(4,874
)
 
—

 
32

 
—

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

 
1,384

 
240

 
629

 
2,646

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

 
272

 
629

 
(2,196
)
Balance at June 30, 2013

$5,230

 

($554
)
 

($734
)
 

($16,637
)
 

($12,695
)