Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2012

Other Comprehensive Income (Loss)

NOTE 12 – OTHER COMPREHENSIVE INCOME (LOSS)

Comprehensive income is defined as net income plus transactions and other occurrences that are the result of non-owner changes in equity. For condensed financial statements presented for the Company, non-equity changes are comprised of unrealized gains or losses on available-for-sale debt securities and any minimum pension liability adjustments. These do not have an impact on the Company’s net income. The following table presents the activity in net accumulated other comprehensive income (loss) for the periods indicated:

(In thousands)	Unrealized Gains (Losses) on Investments Available-for-Sale		Defined Benefit Pension Plan			Total
Balance at January 1, 2012	$	20,006	$	(6,758	)	$	13,248
Period change, net of tax		909		420			1,329
Balance at June 30, 2012	$	20,915	$	(6,338	)	$	14,577

(In thousands)	Unrealized Gains (Losses) on Investments Available-for-Sale		Defined Benefit Pension Plan			Total
Balance at January 1, 2011	$	3,764	$	(6,384	)	$	(2,620	)
Period change, net of tax		7,747		357			8,104
Balance at June 30, 2011	$	11,511	$	(6,027	)	$	5,484