17.

Changes in Accumulated Other Comprehensive Income Balances:

The changes in accumulated other comprehensive income balances as of December 31, 2011, 2010 and 2009 were as follows (in thousands):

							Accumulated Other
	Pension			Unrealized			Comprehensive
	Liability			Gains (Loss)			Income (Loss)
Balance at December 31, 2008	$	(3,336	)	$	(13,096	)	$	(16,432	)
Cumulative effect of adjustments resulting from adoption of change in accounting principle, net of tax (1)		-			(1,665	)		(1,665	)
Other comprehensive income:
Change in net actuarial loss		2,327			-			2,327
Tax effect on change in net actuarial loss		(814	)		-			(814	)
Unrealized holding gains arising during the period		-			42,299			42,299
Tax effect on unrealized gains arising during the period					(14,805	)		(14,805	)
Reclassification adjustment for gains included in net income		-			(3,571	)		(3,571	)
Tax effect on reclassification adjustment for gains included in net income		-			1,250			1,250
Other comprehensive income, net of tax		1,513			25,173			26,686

Balance at December 31, 2009	$	(1,823	)	$	10,412		$	8,589
Other comprehensive income:
Change in net actuarial loss		(309	)		-			(309	)
Tax effect on change in net actuarial loss		108			-			108
Unrealized holding gains arising during the period		-			10,324			10,324
Tax effect on unrealized gains arising during the period					(3,614	)		(3,614	)
Reclassification adjustment for gains included in net income		-			(8,402	)		(8,402	)
Tax effect on reclassification adjustment for gains included in net income		-			2,941			2,941
Other comprehensive income, net of tax		(201	)		1,249			1,048

Balance at December 31, 2010	$	(2,024	)	$	11,661		$	9,637
Other comprehensive loss:
Change in net actuarial loss		(1,468	)		-			(1,468	)
Tax effect on change in net actuarial loss		514			-			514
Unrealized holding gains arising during the period		-			191			191
Tax effect on unrealized gains arising during the period					(67	)		(67	)
Reclassification adjustment for gains included in net income		-			(3,633	)		(3,633	)
Tax effect on reclassification adjustment for gains included in net income		-			1,272			1,272
Other comprehensive loss, net of tax		(954	)		(2,237	)		(3,191	)

Balance at December 31, 2011	$	(2,978	)	$	9,424		$	6,446

(1) As of April 1, 2009, we had securities with $3.7 million of other-than-temporary impairment previously recognized in earnings of which $1.1 million represented the credit component and $2.6 million represented the noncredit component which was reclassified back to accumulated other comprehensive income through a cumulative-effect adjustment. (Note 1)