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Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 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 nine month periods ended September 30, 2012 and 2011:

Three months ended September 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
 
1,328

 
464

 
864

Unrealized net holding gain on cash flow hedge
 
219

 
77

 
142

Other comprehensive income
 
$
1,547

 
$
541

 
$
1,006

 
 
 
 
 
 
 
2011
 
 

 
 

 
 

Unrealized gains on available-for-sale securities
 
$
17,532

 
$
6,136

 
$
11,396

Reclassification adjustment for gains realized in net income
 
(3,465
)
 
(1,213
)
 
(2,252
)
Unrealized net holding gain on cash flow hedge
 
238

 
83

 
155

Other comprehensive loss
 
$
14,305

 
$
5,006

 
$
9,299


Nine months ended September 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
 
2,258

 
790

 
1,468

Unrealized net holding gain on cash flow hedge
 
617

 
216

 
401

Other comprehensive income
 
$
3,509

 
$
1,228

 
$
2,281

 
 
 
 
 
 
 
2011
 
 
 
 
 
 
Unrealized gains on available-for-sale securities
 
$
26,451

 
$
9,257

 
$
17,194

Reclassification adjustment for gains realized in net income
 
(25,462
)
 
(8,912
)
 
(16,550
)
Unrealized net holding gain on cash flow hedge
 
535

 
187

 
348

Other comprehensive loss
 
$
1,524

 
$
532

 
$
992



 
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
September 30, 2012
 
 

 
 

 
 

Changes in pension plan assets and benefit obligations
 
$
(31,603
)
 
$
(11,061
)
 
$
(20,542
)
Unrealized gains on available-for-sale securities
 
21,756

 
7,615

 
14,141

Unrealized net holding loss on cash flow hedge
 
(229
)
 
(80
)
 
(149
)
Total accumulated other comprehensive loss
 
$
(10,076
)
 
$
(3,526
)
 
$
(6,550
)
 
 
 
 
 
 
 
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
)
 
 
 
 
 
 
 
September 30, 2011
 
 

 
 

 
 

Changes in pension plan assets and benefit obligations
 
$
(24,503
)
 
$
(8,576
)
 
$
(15,927
)
Unrealized gains on available-for-sale securities
 
24,253

 
8,488

 
15,765

Unrealized net holding loss on cash flow hedge
 
(1,099
)
 
(385
)
 
(714
)
Total accumulated other comprehensive loss
 
$
(1,349
)
 
$
(473
)
 
$
(876
)