Change in Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2013

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Change in Accumulated Other Comprehensive Income

NOTE 12. Change in Accumulated Other Comprehensive Income

Accumulated other comprehensive income includes unrealized gains and losses on available for sale securities, change in fair value of interest rate swaps and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to other comprehensive income are presented net of tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income are recorded in the Consolidated Statements of Income either as a gain or loss.

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

	Three Months Ended
	September 30,
	2013											2012
	Unrealized Gains and Losses on Available for Sale Securities			Change in Fair Value of Interest Rate Swap			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Fair Value of Interest Rate Swap			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)
June 30	$	1,316		$	(311	)	$	43	$	1,048		$	3,819		$	(417	)	$	50	$	3,452
Other comprehensive (loss) income before reclassifications	(355		)	1			—		(354		)	446			(39		)	—		407
Reclassifications from other comprehensive (loss) income	—			—			—		—			(1		)	—			—		(1		)
Tax effect of current period changes	120			—			—		120			(151		)	13			—		(138		)
Current period changes net of taxes	(235		)	1			—		(234		)	294			(26		)	—		268
September 30	$	1,081		$	(310	)	$	43	$	814		$	4,113		$	(443	)	$	50	$	3,720

	Nine Months Ended
	September 30,
	2013											2012
	Unrealized Gains and Losses on Available for Sale Securities			Change in Fair Value of Interest Rate Swap			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Fair Value of Interest Rate Swap			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)
December 31	$	3,824		$	(419	)	$	43	$	3,448		$	3,263		$	(382	)	$	50	$	2,931
Other comprehensive (loss) income before reclassifications	(3,755		)	165			—		(3,590		)	1,302			(92		)	—		1,210
Reclassifications from other comprehensive (loss) income	(400		)	—			—		(400		)	(15		)	—			—		(15		)
Tax effect of current period changes	1,412			(56		)	—		1,356			(437		)	31			—		(406		)
Current period changes net of taxes	(2,743		)	109			—		(2,634		)	850			(61		)	—		789
September 30	$	1,081		$	(310	)	$	43	$	814		$	4,113		$	(443	)	$	50	$	3,720

For the three and nine months ended September 30, 2013, zero and $400 thousand, respectively, was reclassified out of comprehensive income and appeared as Gain on Sale of Securities in the Consolidated Statement of Income. For the three and nine months ended September 30, 2012, $1 thousand and $15 thousand, respectively, was reclassified out of comprehensive income and appeared as Gain on Sale of Securities in the Consolidated Statement of Income.