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Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2013
Comprehensive Income [Abstract]  
Components of Other Comprehensive Income (Loss) and Related Tax Effects
FASB ASC Topic 220, “Comprehensive Income” (“ASC Topic 220”), requires the reporting of all changes in equity during the reporting period except investments from and distributions to shareholders.  Net income (loss) is a component of comprehensive income (loss) with all other components referred to in the aggregate as other comprehensive income.  Unrealized gains and losses on AFS securities is an example of another comprehensive income component.
 
 
 
Nine months ended September 30, 2013
 
(In thousands)
 
Before tax
amount
  
Tax expense
(benefit)
  
Net of tax
amount
 
Unrealized losses on investment securities:
 
  
  
 
Unrealized holding losses arising during period
 
$
(8,833
)
 
$
(3,128
)
 
$
(5,705
)
Less reclassification adjustment for gains realized in net loss
  
69
   
23
   
46
 
Unrealized losses on investment securities
  
(8,902
)
  
(3,151
)
  
(5,751
)
Unrecognized benefit obligation expense:
            
Less reclassification adjustment for amortization
  
(429
)
  
(146
)
  
(283
)
Other comprehensive loss, net
 
$
(8,473
)
 
$
(3,005
)
 
$
(5,468
)

 
 
Nine months ended September 30, 2012
 
(In thousands)
 
Before tax
amount
  
Tax expense
(benefit)
  
Net of tax
amount
 
Unrealized gains on investment securities:
 
  
  
 
Unrealized holding losses arising during period
 
$
1,440
  
$
602
  
$
838
 
Less adjustment for impaired investments
  
(859
)
  
(301
)
  
(558
)
Less reclassification adjustment for gains realized in net loss
  
384
   
134
   
250
 
Unrealized gains on investment securities
  
1,915
   
769
   
1,146
 
Unrecognized benefit obligation expense:
            
Less reclassification adjustment for amortization
  
(354
)
  
(90
)
  
(264
)
Other comprehensive income, net
 
$
2,269
  
$
859
  
$
1,410