Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Other Comprehensive Income (Loss)

10. Other Comprehensive Income (Loss)
The following table presents reclassifications out of the accumulated other comprehensive income for the three and six month periods ended June 30, 2013 and 2012.
	Three months ended June 30, 2013
	Before-Tax Amount			Tax (Expense) Benefit			Net of Tax
(in thousands)
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	(38,033	)	$	15,209		$	(22,824	)
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income		(75	)		30			(45	)
Net unrealized losses		(38,108	)		15,239			(22,869	)
Employee benefit plans:
Amortization of net retirement plan actuarial gain		636			(255	)		381
Amortization of net retirement plan prior service cost		14			(6	)		8
Amortization of net retirement plan transition liability		13			(5	)		8
Employee benefit plans		663			(266	)		397
Other comprehensive (loss) income	$	(37,445	)	$	14,9723		$	(22,472	)

	Three months ended June 30, 2012
	Before-Tax Amount			Tax (Expense) Benefit			Net of Tax
(in thousands)
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	7,342		$	(2,935	)	$	4,407
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income		(933	)		372			(561	)
Reclassification adjustment for credit repairment on available-for-sale securities		65			(26	)		39
Net unrealized gains		6,474			(2,589	)		3,885
Employee benefit plans:
Amortization of net retirement plan actuarial loss		689			(275	)		414
Amortization of net retirement plan prior service cost		18			(7	)		11
Amortization of net retirement plan transition liability		17			(7	)		10
Employee benefit plans		724			(289	)		435
Other comprehensive (loss) income	$	7,198		$	(2,878	)	$	4,320

	Six months ended June 30, 2013
	Before-Tax Amount			Tax (Expense) Benefit			Net of Tax
(in thousands)
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	(43,496	)	$	17,394		$	(26,102	)
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income		(442	)		177			(265	)
Net unrealized losses		(43,938	)		17,571			(26,367	)
Employee benefit plans:
Amortization of net retirement plan actuarial gain		1,291			(517	)		774
Amortization of net retirement plan prior service cost		29			(12	)		17
Amortization of net retirement plan transition liability		25			(10	)		15
Employee benefit plans		1,345			(539	)		806
Other comprehensive (loss) income	$	(42,593	)	$	17,032		$	(25,561	)

	Six months ended June 30, 2012
	Before-Tax Amount			Tax (Expense) Benefit			Net of Tax
(in thousands)
Available-for-sale securities:
Change in net unrealized gain/loss during the period	$	6,579		$	(2,630	)	$	3,949
Reclassification adjustment for net realized gain on sale of available-for-sale securities included in net income		(934	)		372			(562	)
Reclassification adjustment for credit imoairment on available-for-sale securities		65			(26	)		39
Net unrealized gains		5,710			(2,284	)		3,426
Employee benefit plans:
Amortization of net retirement plan actuarial loss		1,162			(465	)		697
Amortization of net retirement plan prior service cost		30			(12	)		18
Amortization of net retirement plan transition liability		34			(14	)		20
Employee benefit plans		1,226			(491	)		735
Other comprehensive (loss) income	$	6,936		$	(2,775	)	$	4,161

(in thousands)	Available-for-Sale Securities			Employee Benefit Plans			Accumulated Other Comprehensive Income
Balance at April 1, 2013	$	22,858		$	(28,053	)	$	(5,195	)
Other comprehensive (loss) income before reclassifications		(22,824	)		0			(22,824	)
Amounts reclassified from accumulated other comprehensive (loss) income		(45	)		397			352
Net current-period other comprehensive loss (income)		(22,869	)		397			(22,472	)
Balance at June 30, 2013	$	(11	)	$	(27,656	)	$	(27,667	)
Balance at January 1, 2013	$	26,356		$	(28,462	)	$	(2,106	)
Other comprehensive (loss) income before reclassifications		(26,102	)		0			(26,102	)
Amounts reclassified from accumulated other comprehensive (loss) income		(265	)		806			541
Net current-period other comprehensive loss (income)		(26,367	)		806			(25,561	)
Balance at June 30, 2013	$	(11	)	$	(27,656	)	$	(27,667	)

The following table presents the activity in our accumulated other comprehensive income for the periods indicated:
	Available-for-Sale Securities			Employee Benefit Plans			Accumulated Other Comprehensive Income
(in thousands)
Balance at April 1, 2012	$	22,758		$	(26,595	)	$	(3,837	)
Other comprehensive income (loss) before reclassifications		4,407			0			4,407
Amounts reclassified from accumulated other comprehensive (loss) income		(522	)		435			(87	)
Net current-period other comprehensive loss (income)		3,885			435			4,320
Balance at June 30, 2012	$	26,643		$	(26,160	)	$	483
Balance at January 1, 2012	$	23,218		$	(26,895	)	$	(3,677	)
Other comprehensive income (loss) before reclassifications		3,949			0			3,949
Amounts reclassified from accumulated other comprehensive (loss) income		(523	)		735			212
Net current-period other comprehensive loss (income)		3,426			735			4,161
Balance at June 30, 2012	$	26,644		$	(26,160	)	$	484

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income for the three and six months ended June 30, 2013.
Three months ended June 30, 2013
	Amount Reclassified from Accumulated Other Comprehensive Income1		Affected Line Item in the Statement Where Net Income is Presented
Details about Accumulated other Comprehensive Income Components (in thousands)
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	75	Net gain on securities transactions
		(30)	Tax expense
		45	Net of tax
Employee benefit plans:
Amortization of the following 2
Net retirement plan actuarial loss		(636)
Net retirement plan prior service cost		(14)
Net retirement plan transition liability		(13)
		(663)	Total before tax
		266	Tax benefit
		(397)	Net of tax

Six months ended June 30, 2013
	Amount Reclassified from Accumulated Other Comprehensive Income1		Affected Line Item in the Statement Where Net Income is Presented
Details about Accumulated other Comprehensive Income Components (in thousands)
Available-for-sale securities:
Unrealized gains and losses on available-for-sale securities	$	442	Net gain on securities transactions
		(177)	Tax expense
		265	Net of tax
Employee benefit plans:
Amortization of the following 2
Net retirement plan actuarial loss		(1,291)
Net retirement plan prior service cost		(29)
Net retirement plan transition liability		(25)
		(1,345)	Total before tax
		539	Tax benefit
		(806)	Net of tax
1 Amounts in parentheses indicated debits in income statement
2 The accumulated other comprehensive income components are included in the computation of net periodic benefit cost (See Note 11 - "Employee Benefit Plan")