Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

 

Note 16 – Accumulated Other Comprehensive Income

Changes in each component of accumulated other comprehensive income for the three and six months ended June 30, 2013 and 2012 were as follows (in thousands):

For the Three Month Period	Net Unrealized Gains (Losses) on Securities			Adjustments Related to Pension Benefits			Accumulated Other Comprehensive Income
Balance at March 31, 2012	$	8,392		$	(2,002	)	$	6,390
Net unrealized gains on securities available for sale, net of tax, $450		835			-			835
Reclassification adjustment for gains on securities, net of tax, $(56)		(104	)		-			(104	)
Balance at June 30, 2012	$	9,123		$	(2,002	)	$	7,121
Balance at March 31, 2013	$	9,098		$	(2,203	)	$	6,895
Net unrealized losses on securities available for sale, net of tax, $(2,554)		(4,745	)		-			(4,745	)
Balance at June 30, 2013	$	4,353		$	(2,203	)	$	2,150
For the Six Month Period	Net Unrealized Gains (Losses) on Securities			Adjustments Related to Pension Benefits			Accumulated Other Comprehensive Income
Balance at December 31, 2011	$	8,832		$	(2,002	)	$	6,830
Net unrealized gains on securities available for sale, net of tax, $213		395			-			395
Reclassification adjustment for gains on securities, net of tax, $(56)		(104	)		-			(104	)
Balance at June 30, 2012	$	9,123		$	(2,002	)	$	7,121
Balance at December 31, 2012	$	9,800		$	(2,203	)	$	7,597
Net unrealized losses on securities available for sale, net of tax, $(2,863)		(5,318	)		-			(5,318	)
Reclassification adjustment for gains on securities, net of tax, $(70)		(129	)		-			(129	)
Balance at June 30, 2013	$	4,353		$	(2,203	)	$	2,150

Reclassifications Out of Accumulated Other Comprehensive Income
For the Three and Six Month Periods Ending June 30,2013
(in thousands)
For the Three Month Period	Amount			Affected Line Item in
	Reclassified			the Statement of Where
Details about AOCI Components	from AOCI			Net Income is Presented
Available for sale securities:
Realized gain on sale of securities	$	1		Securities gains, net
		(1	)	Income tax expense
Total reclassifications	$	-		Net of tax
For the Six Month Period	Amount			Affected Line Item in
	Reclassified			the Statement of Where
Details about AOCI Components	from AOCI			Net Income is Presented
Available for sale securities:
Realized gain on sale of securities	$	199		Securities gains, net
		(70	)	Income tax expense
Total reclassifications	$	129		Net of tax