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Comprehensive Income/Loss (Tables)
9 Months Ended
Sep. 30, 2013
Comprehensive Income Loss [Abstract]  
Comprehensive income
Information on the Company’s comprehensive income (loss), presented net of taxes, is set forth below for the periods indicated:

 
Three Months Ended September 30, 2013
 
Nine Months Ended September 30, 2013
 
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
 
(Dollars in thousands)
 
(Dollars in thousands)
 
Change in fair value of securities available for sale
$
(190
)
 
$
42

 
$
(148
)
 
$
(8,924
)
 
$
3,407

 
$
(5,517
)
 
Less: net security losses reclassified into other noninterest income

 

 

 
4

 
(1
)
 
3

 
Change in fair value of securities available for sale
(190
)
 
42

 
(148
)
 
(8,920
)
 
3,406

 
(5,514
)
 
Change in fair value of cash flow hedges
(696
)
 
285

 
(411
)
 
592

 
(242
)
 
350

 
Less: net cash flow hedge losses reclassified into interest on borrowings expense (2)
1,464

 
(598
)
 
866

 
4,322

 
(1,765
)
 
2,557

 
Net change in fair value of cash flow hedges
768

 
(313
)
 
455

 
4,914

 
(2,007
)
 
2,907

 
Amortization of certain costs included in net periodic retirement costs (3)
51

 
(21
)
 
30

 
124

 
(51
)
 
73

 
Total other comprehensive income (loss)
$
629

 
$
(292
)
 
$
337

 
$
(3,882
)
 
$
1,348

 
$
(2,534
)
 

 
Three Months Ended September 30, 2012
 
Nine Months Ended September 30, 2012
 
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
 
(Dollars in thousands)
 
(Dollars in thousands)
 
Change in fair value of securities available for sale
$
1,419

 
$
(582
)
 
$
837

 
$
987

 
$
(450
)
 
$
537

 
Less: net security losses reclassified into other noninterest income (1)

 

 

 
76

 
(31
)
 
45

 
Change in fair value of securities available for sale
1,419

 
(582
)
 
837

 
1,063

 
(481
)
 
582

 
Change in fair value of cash flow hedges
(1,571
)
 
642

 
(929
)
 
(3,593
)
 
1,468

 
(2,125
)
 
Less: net cash flow hedge losses reclassified into interest on borrowings expense (2)
1,370

 
(560
)
 
810

 
4,008

 
(1,637
)
 
2,371

 
Net change in fair value of cash flow hedges
(201
)
 
82

 
(119
)
 
415

 
(169
)
 
246

 
Amortization of certain costs included in net periodic retirement costs (3)
39

 
(16
)
 
23

 
116

 
(47
)
 
69

 
Total other comprehensive income
$
1,257

 
$
(516
)
 
$
741

 
$
1,594

 
$
(697
)
 
$
897

 
 
(1)
Net security losses represent OTTI credit-related losses for the nine months ended September 30, 2012.
(2)
Includes the remaining balance of a realized but unrecognized gain, net of tax, from the termination of interest rate swaps in June 2009. The original gain of $1.4 million, net of tax, is being recognized in earnings through December 2018, the original maturity date of the swap. The balance of this gain has amortized to $751,000 and $895,000 at September 30, 2013 and 2012, respectively.
(3)
The amortization of prior service costs is included in the computation of net periodic pension cost as disclosed in the Employee Benefit Plans footnote in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission.

Company's accumulated other comprehensive loss, net of tax
Information on the Company’s accumulated other comprehensive income (loss), net of tax is comprised of the following components as of the periods indicated:

 
Unrealized Gain on Securities
 
Unrealized Loss on Cash Flow Hedge
 
Deferred Gain on Hedge Transactions
 
Defined Benefit Pension Plans
 
Accumulated Other Comprehensive Loss
 
2013
 
(Dollars in thousands)
Beginning balance January 1, 2013
$
5,478

 
$
(9,577
)
 
$
859

 
$
(1,286
)
 
$
(4,526
)
Net change in other comprehensive income (loss)
$
(5,514
)
 
$
3,015

 
$
(108
)
 
$
73

 
$
(2,534
)
Ending balance September 30, 2013
(36
)
 
(6,562
)
 
751

 
(1,213
)
 
(7,060
)
 
2012
Beginning balance January 1, 2012
$
6,574

 
$
(10,804
)
 
$
1,004

 
$
(1,260
)
 
$
(4,486
)
Net change in other comprehensive income (loss)
$
582

 
$
355

 
$
(109
)
 
$
69

 
$
897

Ending balance September 30, 2012
7,156

 
(10,449
)
 
895

 
(1,191
)
 
(3,589
)