XML 52 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Other Comprehensive Income (Loss)
Note 8. Other Comprehensive Income (Loss)
The following table presents the components of other comprehensive income (loss) both gross and net of tax, for the three months ended March 31, 2014 and 2013 (in thousands):
 
 
Three months ended March 31,
 
 
2014
 
2013
 
 
Before
Tax
 
Tax
Effect
 
After
Tax
 
Before
Tax
 
Tax
Effect
 
After
Tax
Components of Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains and losses on securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
Net gains (losses) arising during the period
 
$
6,287

 
(2,568
)
 
3,719

 
$
(2,739
)
 
1,119

 
(1,620
)
Reclassification adjustment for losses (gains) included in net income
 
350

 
(143
)
 
207

 
(511
)
 
209

 
(302
)
Total
 
6,637

 
(2,711
)
 
3,926

 
(3,250
)
 
1,328

 
(1,922
)
Amortization related to post-retirement obligations
 
(81
)
 
33

 
(48
)
 
438

 
(179
)
 
259

Total other comprehensive income (loss)
 
$
6,556

 
(2,678
)
 
3,878

 
$
(2,812
)
 
1,149

 
(1,663
)
The following tables present the changes in the components of accumulated other comprehensive income, net of tax, for the three months ended March 31, 2014 and 2013 (in thousands):
 

Changes in Accumulated Other Comprehensive Income by
Component, net of tax:
Three months ended March 31, 2014

Unrealized Gains
on Securities
Available for Sale

Post-Retirement
Obligations

Accumulated
Other
Comprehensive
Income
Balance at December 31, 2013

$
(2,799
)
 
(2,052
)
 
(4,851
)
Current - period other comprehensive income (loss)

3,926

 
(48
)
 
3,878

Balance at March 31, 2014

$
1,127

 
(2,100
)
 
(973
)
  
 
Changes in Accumulated Other Comprehensive Income by
Component, net of tax:
Three months ended March 31, 2013
 
Unrealized Gains
on Securities
Available for Sale
 
Post-Retirement
Obligations
 
Accumulated
Other
Comprehensive
Income
Balance at December 31, 2012
 
$
16,961

 
(9,245
)
 
7,716

Current - period other comprehensive (loss) income
 
(1,922
)
 
259

 
(1,663
)
Balance at March 31, 2013
 
$
15,039

 
(8,986
)
 
6,053



The following tables summarize the reclassifications out of accumulated other comprehensive income to the consolidated statements of income for the three months ended March 31, 2014 and 2013 (in thousands):
 

Reclassifications Out of Accumulated Other Comprehensive
Income for the Three Months Ended March 31, 2014
Details of Accumulated Other Comprehensive Income (“AOCI”)
Components

Amount reclassified from
AOCI

Affected line item in the Consolidated
Statement of Income
Securities available for sale:




Realized net losses on the sale of securities available for sale

$
(350
)

Net loss on securities transactions


143


Income tax expense


(207
)

Net of tax
Post-retirement obligations:




Amortization of actuarial losses (gains)

42


Compensation and employee benefits (1)


17


Income tax expense


59


Net of tax
Total reclassifications

$
(148
)

Net of tax





 

Reclassifications Out of Accumulated Other Comprehensive
Income for the Three Months Ended March 31, 2013
Details of Accumulated Other Comprehensive Income (“AOCI”)
Components

Amount
reclassified from
AOCI

Affected line item in the Consolidated
Statement of Income
Securities available for sale:




Realized net gains on the sale of securities available for sale

$
511


Net gain on securities transactions


(209
)

Income tax expense


302


Net of tax
Post-retirement obligations:




Amortization of actuarial losses (gains)

342


Compensation and employee benefits (1)


(140
)

Income tax expense


202


Net of tax
Total reclassifications

$
504


Net of tax
(1)
This item is included in the computation of net periodic benefit cost. See Note 5. Components of Net Periodic Benefit Cost.