Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2013

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

11.  Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) were as follows:

													Total
													Accumulated
	Unrealized			Unrealized			Retirement			Foreign			Other
	Gains (Losses)			Gains (Losses)			Plan			Currency			Comprehensive
	Investment			Cash Flow			Liabilities			Translation			Income
(dollars in thousands)	Securities			Hedges			Adjustments			Adjustments			(Loss)
Three Months Ended
September 30, 2013
Balance at beginning of period	$	9,079		$	-		$	8,120		$	6,221		$	23,420
Other comprehensive loss before reclassifications	(215		)	-			-			(2,056		)	(2,271		)
Reclassification adjustments from accumulated other comprehensive income	(6		)	-			-			-			(6		)
Balance at end of period	$	8,858		$	-		$	8,120		$	4,165		$	21,143
Three Months Ended
September 30, 2012
Balance at beginning of period	$	12,854		$	1,511		$	(21,828	)	$	1,365		$	(6,098	)
Other comprehensive income before reclassifications	2,510			-			-			3,067			5,577
Reclassification adjustments from accumulated other comprehensive income	390			(774		)	-			-			(384		)
Balance at end of period	$	15,754		$	737		$	(21,828	)	$	4,432		$	(905	)
Nine Months Ended
September 30, 2013
Balance at beginning of period	$	17,255		$	104		$	8,120		$	4,127		$	29,606
Other comprehensive income (loss) before reclassifications	(7,074		)	-			-			38			(7,036		)
Reclassification adjustments from accumulated other comprehensive income	(1,323		)	(104		)	-			-			(1,427		)
Balance at end of period	$	8,858		$	-		$	8,120		$	4,165		$	21,143
Nine Months Ended
September 30, 2012
Balance at beginning of period	$	5,213		$	4,318		$	(35,221	)	$	152		$	(25,538	)
Other comprehensive income (loss) before reclassifications	9,918			(11,042		)	13,393			4,280			16,549
Reclassification adjustments from accumulated other comprehensive income	623			7,461			-			-			8,084
Balance at end of period	$	15,754		$	737		$	(21,828	)	$	4,432		$	(905	)

Reclassification adjustments from accumulated other comprehensive income (loss) to the applicable line item on our condensed consolidated statements of operations were as follows:

	Three Months			Three Months			Nine Months			Nine Months
	Ended			Ended			Ended			Ended
	September 30,			September 30,			September 30,			September 30,
(dollars in thousands)	2013			2012			2013			2012
Unrealized gains (losses) on investment securities:
Reclassification from accumulated other comprehensive income (loss) to investment revenues, before taxes	$	10		$	(601	)	$	2,036		$	(959	)
Income tax effect	(4		)	211			(713		)	336
Reclassification from accumulated other comprehensive income (loss) to investment revenues, net of taxes	6			(390		)	1,323			(623		)
Unrealized gains (losses) on cash flow hedges:
Reclassification from accumulated other comprehensive income (loss) to interest expense, before taxes	-			899			160			975
Reclassification from accumulated other comprehensive income (loss) to other revenues - other, before taxes	-			293			-			(12,453		)
Income tax effect	-			(418		)	(56		)	4,017
Reclassification from accumulated other comprehensive income (loss) to interest expense and other revenues - other, net of taxes	-			774			104			(7,461		)
Total	$	6		$	384		$	1,427		$	(8,084	)