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Comprehensive Income/Loss
 3 Months Ended
Mar. 31, 2014
Comprehensive Income Loss [Abstract]  
COMPREHENSIVE INCOME/LOSS
COMPREHENSIVE INCOME/LOSS
Information on the Company’s comprehensive income (loss), presented net of taxes, is set forth below for the periods indicated:

 
Three Months Ended March 31, 2014
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
3,287

 
$
(1,316
)
 
$
1,971

Less: net security gains reclassified into other noninterest income
91

 
(37
)
 
54

Net change in fair value of securities available for sale
3,196

 
(1,279
)
 
1,917

Change in fair value of cash flow hedges (1)
(300
)
 
123

 
(177
)
Less: net cash flow hedge losses reclassified into interest on borrowings expense
(1,148
)
 
469

 
(679
)
Net change in fair value of cash flow hedges
848

 
(346
)
 
502

Net loss during the period and amortization of certain costs included in net periodic retirement costs (2)
(66
)
 
27

 
(39
)
Total other comprehensive income
$
3,978

 
$
(1,598
)
 
$
2,380


 
Three Months Ended March 31, 2013
 
Pre Tax
Amount
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
$
(1,232
)
 
$
455

 
$
(777
)
Less: net security losses reclassified into other noninterest income
—

 
—

 
—

Change in fair value of securities available for sale
(1,232
)
 
455

 
(777
)
Change in fair value of cash flow hedges (1)
(5
)
 
2

 
(3
)
Less: net cash flow hedge losses reclassified into interest on borrowings expense
(1,414
)
 
578

 
(836
)
Net change in fair value of cash flow hedges
1,409

 
(576
)
 
833

Net gain during the period and amortization of certain costs included in net periodic retirement costs (2)
22

 
(21
)
 
1

Total other comprehensive income
$
199

 
$
(142
)
 
$
57

 
(1)
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, is being recognized in earnings through December 2018, the original maturity date of the swap. The balance of this gain has amortized to $678,000 and $823,000 at March 31, 2014 and 2013, respectively.
(2)
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, 2013, filed with the Securities and Exchange Commission.

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 (Loss) on Securities
 
Unrealized Loss on Cash Flow Hedge
 
Deferred Gain on Hedge Transactions
 
Defined Benefit Pension Plans
 
Accumulated Other Comprehensive Loss
 
2014
 
(Dollars in thousands)
Beginning balance January 1, 2014
$
(2,023
)
 
$
(5,698
)
 
$
715

 
$
(428
)
 
$
(7,434
)
Net change in other comprehensive income
$
1,917

 
$
539

 
$
(37
)
 
$
(39
)
 
$
2,380

Ending balance March 31, 2014
(106
)
 
(5,159
)
 
678

 
(467
)
 
(5,054
)
 
2013
Beginning balance January 1, 2013
$
5,478

 
$
(9,577
)
 
$
859

 
$
(1,286
)
 
$
(4,526
)
Net change in other comprehensive income
$
(777
)
 
$
869

 
$
(36
)
 
$
1

 
$
57

Ending balance March 31, 2013
4,701

 
(8,708
)
 
823

 
(1,285
)
 
(4,469
)