Change in Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Change in Accumulated Other Comprehensive Income

10. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income includes unrealized gain and losses on available-for-sale investments, unrealized gains and losses on interest-only strips, and unrecognized prior service costs on BOLI. Changes to other accumulated other comprehensive income are presented net of tax effect as a component of equity. Reclassification out of accumulated other comprehensive is recorded on the statement of operations either as a gain or loss.

Changes to accumulated other comprehensive income by components are shown in the following tables for the period indicated:

(in thousands)	Net unrealized gains on investment securities available  for sale			Net unrealized losses  on defined benefit pension plan			Total
Balance, March 31, 2013	$	7,569		$	(472	)	$	7,097
Other comprehensive loss before reclassifications		(19,316	)		—			(19,316	)
Less: Amounts reclassified from accumulated other comprehensive loss		(562	)		—			(562	)
Net current-period other comprehensive loss		(19,878	)		—			(19,878	)
Balance, June 30, 2013	$	(12,309	)	$	(472	)	$	(12,781	)
Balance, March 31, 2012	$	10,728		$	(472	)	$	10,256
Other comprehensive income before reclassifications		7,291			—			7,291
Less: Amounts reclassified from accumulated other comprehensive loss		(8,252	)		—			(8,252	)
Net current-period other comprehensive loss		(961	)		—			(961	)
Balance, June 30, 2012	$	9,767		$	(472	)	$	9,295
Balance, December 31, 2012	$	13,415		$	(472	)	$	12,943
Other comprehensive loss before reclassifications		(24,143	)		—			(24,143	)
Less: Amounts reclassified from accumulated other comprehensive loss		(1,581	)		—			(1,581	)
Net current-period other comprehensive loss		(25,724	)		—			(25,724	)
Balance, June 30, 2013	$	(12,309	)	$	(472	)	$	(12,781	)
(in thousands)
Balance, December 31, 2011	$	11,674		$	(472	)	$	11,202
Other comprehensive income before reclassifications		7,608			—			7,608
Less: Amounts reclassified from accumulated other comprehensive loss		(9,515	)		—			(9,515	)
Net current-period other comprehensive loss		(1,907	)		—			(1,907	)
Balance, June 30, 2012	$	9,767		$	(472	)	$	9,295

The statement of operations impacted by components of other comprehensive income are presented in the table below.

	Three Months  Ended June 30,						Affected line item in Statements of Operations
(in thousands)	2013			2012
Securities available for sale:
Realized gains on securities transactions	$	906		$	13,310		Securities gains, net
Income taxes		(344	)		(5,058	)	Income tax provision
Net of tax	$	562		$	8,252

	Six Months Ended June 30,						Affected line item in Statements of Operations
	2013			2012
Securities available for sale:
Realized gains on securities transactions	$	2,550		$	15,346		Securities gains, net
Income taxes		(969	)		(5,831	)	Income tax provision
Net of tax	$	1,581		$	9,515