ACCUMULATED OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

10. ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table details activity in accumulated other comprehensive (loss) income for the three-month period ended September 30, 2013.

($ in thousands)	Unrealized Gains on Securities			Directors’ and officers’ retirement plans			Accumulated Other Comprehensive (Loss) Income
Balance as of June 30, 2013	$	(616	)	$	(660	)	$	(1,276	)
Current period other comprehensive income		139			—			139
Balance as of September 30, 2013	$	(477	)	$	(660	)	$	(1,137	)

The following table details activity in accumulated other comprehensive income for the nine-month period ended September 30, 2013.

($ in thousands)	Unrealized Gains on Securities			Directors’ and officers’ retirement plans			Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2012	$	1,834		$	(660	)	$	1,174
Current period other comprehensive loss		(2,311	)		—			(2,311	)
Balance as of September 30, 2013	$	(477	)	$	(660	)	$	(1,137	)

During the nine-month period ended September 30, 2013, the Company incurred a net increase in unrealized loss of approximately $3,852,000, in the Company’s investment portfolio, resulting in comprehensive loss, net of tax of $2,311,000, recognized in the Consolidated Statements of Comprehensive Income.  The net increase in unrealized loss is due to increases in intermediate to long-term market rates of U.S. Treasury securities.

The following table details activity in accumulated other comprehensive income for the three-month period ended September 30, 2012.

($ in thousands)	Unrealized Gains on Securities		Directors’ and officers’ retirement plans			Accumulated Other Comprehensive Income
Balance as of June 30, 2012	$	1,604	$	(495	)	$	1,109
Current period other comprehensive   income		445		—			445
Balance as of September 30, 2012	$	2,049	$	(495	)	$	1,554

The following table details activity in accumulated other comprehensive income for the nine-month period ended September 30, 2012.

($ in thousands)	Unrealized Gains on Securities		Directors’ and officers’ retirement plans			Accumulated Other Comprehensive Income
Balance as of December 31, 2011	$	758	$	(495	)	$	263
Current period other comprehensive   income		1,291		—			1,291
Balance as of September 30, 2012	$	2,049	$	(495	)	$	1,554