ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2012

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 10 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the components of accumulated other comprehensive income (loss) and the related tax effects allocated to each component for the six months ended June 30, 2012 and 2011:

	Before-Tax Amount			Tax Effect			Accumulated Other Comprehensive Income
Balance, December 31, 2011	$	3,171		$	(1,110	)	$	2,061
Unrealized gains on securities available for sale:
Change in fair value of securities arising during period		2,340			(819	)		1,521
Net security gains realized during the period		(872	)(a)		305			(567	)
Postretirement plans:
Net actuarial gain		74			(26	)		48
Net prior service cost amortization		10			(4	)		6
Net change in fair value of cash flow hedges		(1,160	)		406			(754	)
Balance, June 30, 2012	$	3,563		$	(1,248	)	$	2,315
Balance, December 31, 2010	$	6,660		$	(2,331	)	$	4,329
Unrealized gains on securities available for sale:
Change in fair value of securities arising during period		5,481			(1,918	)		3,563
Net security gains realized during the period		(7	)(a)		2			(5	)
Postretirement plans:
Net actuarial gain		34			(11	)		23
Net prior service cost amortization		8			(3	)		5
Net change in fair value of cash flow hedges		(1,665	)		583			(1,082	)
Balance, June 30, 2011	$	10,511		$	(3,678	)	$	6,833

(a) Net security losses include before-tax OTTI credit related losses of $29,000 and $27,000 for the six-month periods ended June 30, 2012 and 2011, respectively.