| Components of Accumulated Other Comprehensive Income, Net of Tax |
The following table
presents the activity in accumulated other comprehensive income
(“AOCI”), net of tax, by component for the periods
indicated:
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|
|
|
|
|
|
|
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|
|
|
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| |
|
Gains (Losses) on
Cash Flow Hedges |
|
|
Unrealized Gains (Losses)
on Available-for-Sale
Securities |
|
|
Employee
Benefit Plan |
|
|
Total |
|
| (Amounts in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance,
January 1, 2011
|
|
$ |
(20 |
) |
|
$ |
(11,213 |
) |
|
$ |
(957 |
) |
|
$ |
(12,190 |
) |
|
Other comprehensive gain
(loss) before reclassifications
|
|
|
20 |
|
|
|
7,341 |
|
|
|
(770 |
) |
|
|
6,591 |
|
|
Reclassified from
AOCI
|
|
|
— |
|
|
|
(1,869 |
) |
|
|
140 |
|
|
|
(1,729 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net other comprehensive
gain (loss)
|
|
|
20 |
|
|
|
5,472 |
|
|
|
(630 |
) |
|
|
4,862 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance,
December 31, 2011
|
|
$ |
— |
|
|
$ |
(5,741 |
) |
|
$ |
(1,587 |
) |
|
$ |
(7,328 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance,
January 1, 2012
|
|
$ |
— |
|
|
$ |
(5,741 |
) |
|
$ |
(1,587 |
) |
|
$ |
(7,328 |
) |
|
Other comprehensive gain
(loss) before reclassifications
|
|
|
— |
|
|
|
5,173 |
|
|
|
(122 |
) |
|
|
5,051 |
|
|
Reclassified from
AOCI
|
|
|
— |
|
|
|
285 |
|
|
|
167 |
|
|
|
452 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net other comprehensive
gain
|
|
|
— |
|
|
|
5,458 |
|
|
|
45 |
|
|
|
5,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance,
December 31, 2012
|
|
$ |
— |
|
|
$ |
(283 |
) |
|
$ |
(1,542 |
) |
|
$ |
(1,825 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance,
January 1, 2013
|
|
$ |
— |
|
|
$ |
(283 |
) |
|
$ |
(1,542 |
) |
|
$ |
(1,825 |
) |
|
Other comprehensive (loss)
gain before reclassifications
|
|
|
— |
|
|
|
(13,307 |
) |
|
|
237 |
|
|
|
(13,070 |
) |
|
Reclassified from
AOCI
|
|
|
— |
|
|
|
(50 |
) |
|
|
205 |
|
|
|
155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net comprehensive (loss)
gain
|
|
|
— |
|
|
|
(13,357 |
) |
|
|
442 |
|
|
|
(12,915 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance,
December 31, 2013
|
|
$ |
— |
|
|
$ |
(13,640 |
) |
|
$ |
(1,100 |
) |
|
$ |
(14,740 |
) |
|
|
|
|
|
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|
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|
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|
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|
|
| Reclassifications Out of Accumulated Other Comprehensive Income |
The following table
presents reclassifications out of AOCI by component in the periods
indicated:
|
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|
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| |
|
Year
Ended December 31, |
|
|
Income
Statement
Line Item
Affected
|
| (Amounts in thousands) |
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
|
Available-for-sale
securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gains realized in net
income
|
|
$ |
(399 |
) |
|
$ |
(483 |
) |
|
$ |
(5,264 |
) |
|
Net gain on sale of
securities
|
|
Credit-related OTTI
recognized in net income
|
|
|
320 |
|
|
|
942 |
|
|
|
2,285 |
|
|
Net impairment losses
recognized in earnings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(79 |
) |
|
|
459 |
|
|
|
(2,979 |
) |
|
Income before
taxes
|
|
Income tax
effect
|
|
|
(29 |
) |
|
|
174 |
|
|
|
(1,110 |
) |
|
Income tax expense
(benefit)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(50 |
) |
|
|
285 |
|
|
|
(1,869 |
) |
|
Net income
|
|
Employee benefit
plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of prior
service cost
|
|
|
277 |
|
|
|
223 |
|
|
|
223 |
|
|
(1)
|
|
Amortization of
gains
|
|
|
50 |
|
|
|
45 |
|
|
|
— |
|
|
(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
327 |
|
|
|
268 |
|
|
|
223 |
|
|
Income before
taxes
|
|
Income tax
effect
|
|
|
122 |
|
|
|
101 |
|
|
|
83 |
|
|
Income tax expense
(benefit)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
205 |
|
|
|
167 |
|
|
|
140 |
|
|
Net income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassified from AOCI, net
of tax
|
|
$ |
155 |
|
|
$ |
452 |
|
|
$ |
(1,729 |
) |
|
Net income
|
|
|
|
|
|
|
|
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| (1) |
Amortization is included in
net periodic pension cost. See Note 13, “Employee Benefit
Plans.” |
|