XML 85 R45.htm IDEA: XBRL DOCUMENT v2.4.0.8
OTHER COMPREHENSIVE LOSS (Tables)
 12 Months Ended
Dec. 31, 2013
Comprehensive Income Loss [Abstract]  
Schedule of Other Comprehensive Loss
The following table presents a reconciliation of the changes in the components of other comprehensive loss for the dates indicated, including the amount of income tax (expense) benefit allocated to each component of other comprehensive loss:
 
Year Ended December 31, 2013
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
(11,943
)
 
$
4,578

 
$
(7,365
)
Less: net security gains reclassified into other noninterest income (1)
230

 
(94
)
 
136

Net change in fair value of securities available for sale
(12,173
)
 
4,672

 
(7,501
)
Change in fair value of cash flow hedges (2)
592

 
(242
)
 
350

Less: net cash flow hedge losses reclassified into interest on borrowings expense
(5,723
)
 
2,338

 
(3,385
)
Net change in fair value of cash flow hedges
6,315

 
(2,580
)
 
3,735

Net gain during the period and amortization of certain costs included in net periodic retirement costs (3)
1,450

 
(592
)
 
858

Total other comprehensive loss
$
(4,408
)
 
$
1,500

 
$
(2,908
)
 
 
 
 
 
 
 
Year Ended December 31, 2012
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
(1,682
)
 
$
541

 
$
(1,141
)
Less: net security losses reclassified into other noninterest income (1)
(76
)
 
31

 
(45
)
Net change in fair value of securities available for sale
(1,606
)
 
510

 
(1,096
)
Change in fair value of cash flow hedges (2)
(3,588
)
 
1,466

 
(2,122
)
Less: net cash flow hedge losses reclassified into interest on borrowings expense
(5,417
)
 
2,213

 
(3,204
)
Net change in fair value of cash flow hedges
1,829

 
(747
)
 
1,082

Net loss during the period and amortization of certain costs included in net periodic retirement costs (3)
(44
)
 
18

 
(26
)
Total other comprehensive loss
$
179

 
$
(219
)
 
$
(40
)
 
 
 
 
 
 
 
Year Ended December 31, 2011
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
277

 
$
(96
)
 
$
181

Less: net security gains reclassified into other noninterest income (1)
480

 
(568
)
 
(88
)
Net change in fair value of securities available for sale
(203
)
 
472

 
269

Change in fair value of cash flow hedges (2)
(11,869
)
 
4,848

 
(7,021
)
Less: net cash flow hedge losses reclassified into interest on borrowings expense
(5,472
)
 
2,274

 
(3,198
)
Net change in fair value of cash flow hedges
(6,397
)
 
2,574

 
(3,823
)
Net loss during the period and amortization of certain costs included in net periodic retirement costs (3)
(366
)
 
200

 
(166
)
Total other comprehensive loss
$
(6,966
)
 
$
3,246

 
$
(3,720
)
 
(1)
Net security losses include pre-tax OTTI credit related losses of $0, $76,000, and $243,000 for the years ended December 31, 2013, 2012, and 2011, respectively.
(2)
The change in fair value of cash flow hedges 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, will be recognized in earnings through December 2018, the original maturity date of the swap. The balance of this gain had amortized to $715,000, $859,000, and $1.0 million at December 31, 2013, 2012, and 2011, respectively.
Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax
Information on the Company's accumulated other comprehensive 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
 
(Dollars in Thousands)
Beginning balance: January 1, 2013
$
5,478

 
$
(9,577
)
 
$
859

 
$
(1,286
)
 
$
(4,526
)
Net change in other comprehensive loss
(7,501
)
 
3,879

 
(144
)
 
858

 
(2,908
)
Ending balance: December 31, 2013
$
(2,023
)
 
$
(5,698
)
 
$
715

 
$
(428
)
 
$
(7,434
)
 
 
 
 
 
 
 
 
 
 
Beginning balance: January 1, 2012
$
6,574

 
$
(10,804
)
 
$
1,004

 
$
(1,260
)
 
$
(4,486
)
Net change in other comprehensive loss
(1,096
)
 
1,227

 
(145
)
 
(26
)
 
(40
)
Ending balance: December 31, 2012
$
5,478

 
$
(9,577
)
 
$
859

 
$
(1,286
)
 
$
(4,526
)
 
 
 
 
 
 
 
 
 
 
Beginning balance: January 1, 2011
$
6,305

 
$
(7,125
)
 
$
1,148

 
$
(1,094
)
 
$
(766
)
Net change in other comprehensive loss
269

 
(3,679
)
 
(144
)
 
(166
)
 
(3,720
)
Ending balance: December 31, 2011
$
6,574

 
$
(10,804
)
 
$
1,004

 
$
(1,260
)
 
$
(4,486
)