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Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2012
Other Comprehensive Income (Loss) [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
 
Other comprehensive income (loss) components and the related tax effects are shown in the following table for the three and six month periods ended June 30, 2012 and 2011:

Six months ended June 30,
(in thousands)
 
Before-tax
amount
 
Tax effect
 
Net-of-tax
amount
2012
 
 
 
 
 
 
Change in pension plan assets and benefit obligations
 
$
634

 
$
222

 
$
412

Unrealized gains on available-for-sale securities
 
930

 
326

 
604

Unrealized net holding gain on cash flow hedge
 
398

 
139

 
259

Other comprehensive income
 
$
1,962

 
$
687

 
$
1,275

 
 
 
 
 
 
 
2011
 
 
 
 
 
 
Unrealized gains on available-for-sale securities
 
$
8,919

 
$
3,121

 
$
5,798

Reclassification adjustment for gains realized in net income
 
(21,997
)
 
(7,699
)
 
(14,298
)
Unrealized net holding gain on cash flow hedge
 
297

 
104

 
193

Other comprehensive loss
 
$
(12,781
)
 
$
(4,474
)
 
$
(8,307
)

Three months ended June 30,
(in thousands)
 
Before-tax
amount
 
Tax effect
 
Net-of-tax
amount
2012
 
 
 
 
 
 
Change in pension plan assets and benefit obligations
 
$
—

 
$
—

 
$
—

Unrealized gains on available-for-sale securities
 
4,320

 
1,514

 
2,806

Unrealized net holding gain on cash flow hedge
 
225

 
79

 
146

Other comprehensive income
 
$
4,545

 
$
1,593

 
$
2,952

 
 
 
 
 
 
 
2011
 
 

 
 

 
 

Unrealized gains on available-for-sale securities
 
$
12,085

 
$
4,229

 
$
7,856

Reclassification adjustment for gains realized in net income
 
(15,362
)
 
(5,377
)
 
(9,985
)
Unrealized net holding gain on cash flow hedge
 
93

 
33

 
60

Other comprehensive loss
 
$
(3,184
)
 
$
(1,115
)
 
$
(2,069
)

 
The ending balance of each component of accumulated other comprehensive income (loss) was as follows:
 
(in thousands)
 
Before-tax
amount
 
Tax effect
 
Net-of-tax
amount
June 30, 2012
 
 

 
 

 
 

Changes in pension plan assets and benefit obligations
 
$
(31,603
)
 
$
(11,061
)
 
$
(20,542
)
Unrealized gains on available-for-sale securities
 
20,428

 
7,151

 
13,277

Unrealized net holding loss on cash flow hedge
 
(448
)
 
(157
)
 
(291
)
Total accumulated other comprehensive loss
 
$
(11,623
)
 
$
(4,067
)
 
$
(7,556
)
 
 
 
 
 
 
 
December 31, 2011
 
 

 
 

 
 

Changes in pension plan assets and benefit obligations
 
$
(32,237
)
 
$
(11,283
)
 
$
(20,954
)
Unrealized gains on available-for-sale securities
 
19,498

 
6,825

 
12,673

Unrealized net holding loss on cash flow hedge
 
(846
)
 
(296
)
 
(550
)
Total accumulated other comprehensive loss
 
$
(13,585
)
 
$
(4,754
)
 
$
(8,831
)
 
 
 
 
 
 
 
June 30, 2011
 
 

 
 

 
 

Changes in pension plan assets and benefit obligations
 
$
(24,503
)
 
$
(8,576
)
 
$
(15,927
)
Unrealized gains on available-for-sale securities
 
10,186

 
3,565

 
6,621

Unrealized net holding loss on cash flow hedge
 
(1,337
)
 
(468
)
 
(869
)
Total accumulated other comprehensive loss
 
$
(15,654
)
 
$
(5,479
)
 
$
(10,175
)