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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) included the following as of December 31, 2013, and December 31, 2012:
 
 
December 31, 2013
 
December 31, 2012
 
Accumulated
other
comprehensive
loss
 
Deferred
tax
benefit
 
Accumulated
other
comprehensive
loss,
net of tax
 
Accumulated
other
comprehensive
income (loss)
 
Deferred
tax
expense
(benefit)
 
Accumulated
other
comprehensive
income (loss),
net of tax
 
(dollars in thousands)
Unrealized (losses) gains on investment securities available for sale
$
(16,632
)
 
$
(6,541
)
 
$
(10,091
)
 
$
33,809

 
$
13,292

 
$
20,517

Unrealized loss on cash flow hedge
(7,220
)
 
(2,786
)
 
(4,434
)
 
(10,398
)
 
(4,106
)
 
(6,292
)
Funded status of defined benefit plan
(17,582
)
 
(6,839
)
 
(10,743
)
 
(158,334
)
 
(62,003
)
 
(96,331
)
Total
$
(41,434
)
 
$
(16,166
)
 
$
(25,268
)
 
$
(134,923
)
 
$
(52,817
)
 
$
(82,106
)


The following table highlights changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2013, and 2012:

 
Unrealized gains and losses on available-for-sale securities1
 
Gains and losses on cash flow hedges1
 
Defined benefit pension items1
 
Total
 
(dollars in thousands)
Balance at January 1, 2012
$
16,115

 
$
(6,483
)
 
$
(76,206
)
 
$
(66,574
)
Other comprehensive income (loss) before reclassifications
5,807

 
(1,682
)
 
(26,961
)
 
(22,836
)
Amounts reclassified from accumulated other comprehensive income (loss)
(1,405
)
 
1,873

 
6,836

 
7,304

Net current period other comprehensive income (loss)
4,402

 
191

 
(20,125
)
 
(15,532
)
Balance at December 31, 2012
20,517

 
(6,292
)
 
(96,331
)
 
(82,106
)
Other comprehensive income (loss) before reclassifications
(30,608
)
 
(60
)
 
75,082

 
44,414

Amounts reclassified from accumulated other comprehensive loss
—

 
1,918

 
10,506

 
12,424

Net current period other comprehensive income (loss)
(30,608
)
 
1,858

 
85,588

 
56,838

Balance at December 31, 2013
$
(10,091
)
 
$
(4,434
)
 
$
(10,743
)
 
$
(25,268
)
1 All amounts are net of tax. Amounts in parentheses indicate debits.


Details about accumulated other comprehensive loss
 
Amount reclassified from accumulated other comprehensive loss1
 
Affected line item in the statement where net income is presented
 
 
(dollars in thousands)
 
 
Year ended December 31, 2013
 
 
 
 
Unrealized gains and losses on available for sale securities
 
 
 
 
 
 
$
—

 
Securities gains (losses)
 
 
—

 
Income taxes
 
 
$
—

 
Net income
 
 
 
 
 
Gains and losses on cash flow hedges
 
 
 
 
Interest rate swap contracts
 
$
(3,281
)
 
Long-term obligations
 
 
1,363

 
Income taxes
 
 
$
(1,918
)
 
Net income
 
 
 
 
 
Amortization of defined benefit pension items
 
 
 
 
Prior service costs
 
$
(210
)
 
Employee benefits
Actuarial losses
 
(16,985
)
 
Employee benefits
 
 
(17,195
)
 
Income before income taxes
 
 
6,689

 
Income taxes
 
 
$
(10,506
)
 
Net income
Total reclassifications for the period
 
$
(12,424
)
 
 
 
 
 
 
 
Year ended December 31, 2012
 
 
 
 
Unrealized gains and losses on available for sale securities
 
 
 
 
 
 
$
2,322

 
Securities gains (losses)
 
 
(917
)
 
Income taxes
 
 
$
1,405

 
Net income
 
 
 
 
 
Gains and losses on cash flow hedges
 
 
 
 
Interest rate swap contracts
 
$
(3,095
)
 
Long-term obligations
 
 
1,222

 
Income taxes
 
 
$
(1,873
)
 
Net income
 
 
 
 
 
Amortization of defined benefit pension items
 
 
 
 
Prior service costs
 
$
(210
)
 
Employee benefits
Actuarial losses
 
(11,026
)
 
Employee benefits
 
 
(11,236
)
 
Income before income taxes
 
 
4,400

 
Income taxes
 
 
$
(6,836
)
 
Net income
Total reclassifications for the period
 
$
(7,304
)
 
 
1 Amounts in parentheses indicate debits to profit/loss.