Other Comprehensive Income

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Other Comprehensive Income

NOTE 12 – OTHER COMPREHENSIVE INCOME

Other Comprehensive income

The following is a summary of the tax effects of each component of other comprehensive income for the three months ended March 31 for the periods indicated:

	March 31, 2013
(Dollars in thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount
Unrealized gain on securities:
Unrealized holding losses arising during the period	$	(1,994	)	$	698		$	(1,296	)
Other-than-temporary impairment realized in net income		—			—			—
Less: reclassification adjustment for gains included in net income		(2,328	)		815			(1,513	)
Net unrealized losses		(4,322	)		1,513			(2,809	)
Fair value of derivative instruments designated as cash flow hedges
Change in fair value of derivative instruments designated as cash flow hedges during the period	$	2,073		$	(725	)	$	1,348
Less: reclassification adjustment for losses included in net income		425			(149	)		276
Fair value of derivative instruments designated as cash flow hedges		2,498			(874	)		1,624
Total other comprehensive income (loss)	$	(1,824	)	$	639		$	(1,185	)

	March 31, 2012
(Dollars in thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount
Unrealized gain on securities:
Unrealized holding losses arising during the period	$	(1,056	)	$	370		$	(686	)
Other-than-temporary impairment realized in net income		—			—			—
Less: reclassification adjustment for gains included in net income		(2,800	)		980			(1,820	)
Net unrealized losses		(3,856	)		1,350			(2,506	)
Fair value of derivative instruments designated as cash flow hedges
Change in fair value of derivative instruments designated as cash flow hedges during the period	$	4,951		$	(1,733	)	$	3,218
Less: reclassification adjustment for losses (gains) included in net income		386			(135	)		251
Fair value of derivative instruments designated as cash flow hedges		5,337			(1,868	)		3,469
Total other comprehensive income	$	1,481		$	(518	)	$	963