NOTE 11 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2013

Other Comprehensive Income (Loss), Net Of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 11 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in each component of accumulated other comprehensive income (loss) for the three and six month periods ended June 30, 2013 and June 30, 2012 were as follows (in thousands):

	Net Unrealized Gains (Losses) on Securities			Adjustments Related to Defined Benefit Pension Plan			Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2013	$	2,585		$	(1,478	)	$	1,107
Net unrealized losses on securities available for sale, net of tax, $(4,047)		(5,823	)		—			(5,823	)
Reclassification adjustment for gains on securities, net of tax,		—			—			—
Net gains arising during the period, net of tax $400		—			577			577
Reclassification adjustment for amortization of prior service cost and net gain included in salaries and employee benefits, net of tax $30		—			44			44
Balance at June 30, 2013	$	(3,238	)	$	(857	)	$	(4,095	)
Balance at March 31, 2012	$	3,374		$	(899	)	$	2,475
Net unrealized gains on securities available for sale, net of tax, $867		1,247			—			1,247
Reclassification adjustment for losses on securities, net of tax, $(397)		(571	)		—			(571	)
Net gains arising during the period, net of tax $14		—			21			21
Reclassification adjustment for amortization of prior service cost and net gain included in salaries and employee benefits, net of tax $14		—			20			20
Balance at June 30, 2012	$	4,050		$	(858	)	$	3,192

		Net Unrealized Gains (Losses) on Securities			Adjustments Related to Defined Benefit Pension Plan			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2012	$	3,287		$	(1,621	)	$	1,666
Net unrealized losses on securities available for sale, net of tax, $(4,312)		(6,205	)		—			(6,205	)
Reclassification adjustment for losses on securities, net of tax, $(223)		(320	)		—			(320	)
Net gains arising during the period, net of tax $470		—			676			676
Reclassification adjustment for amortization of prior service cost and net gain included in salaries and employee benefits, net of tax $60		—			88			88
Balance at June 30, 2013	$	(3,238	)	$	(857	)	$	(4,095	)
Balance at December 31, 2011	$	2,369		$	(899	)	$	1,470
Net unrealized gains on securities available for sale, net of tax, $1,561		2,247			—			2,247
Reclassification adjustment for losses on securities, net of tax, $(393)		(566	)		—			(566	)
Net losses arising during the period, net of tax		—			—			—
Reclassification adjustment for amortization of prior service cost and net gain included in salaries and employee benefits, net of tax $28		—			41			41
Balance at June 30, 2012	$	4,050		$	(858	)	$	3,192

Changes in each component of accumulated other comprehensive income were as follows (in thousands):

Three months ended June 30, 2013
Details About Accumulated Other Comprehensive Income Components		Amount Reclassified From Accumulated Other Comprehensive Income		Affected Line Item in the Statement Where Net Income is Presented
Amortization of prior service cost and net gain included in net periodic pension cost	$	(74	)	Salaries and employee benefits
		(74	)	Total before tax
		30		Benefit for income tax
	$	(44	)	Net of tax

Three months ended June 30, 2012
Details About Accumulated Other Comprehensive Income Components		Amount Reclassified From Accumulated Other Comprehensive Income		Affected Line Item in the Statement Where Net Income is Presented
Gain on investment securities	$	968		Gain on sales or calls of securities, net
Amortization of prior service cost and net gain included in net periodic pension cost		(34	)	Salaries and employee benefits
		934		Total before tax
		(383	)	Provision for income tax
	$	551		Net of tax

Six months ended June 30, 2013
Details About Accumulated Other Comprehensive Income Components		Amount Reclassified From Accumulated Other Comprehensive Income		Affected Line Item in the Statement Where Net Income is Presented
Gain on investment securities	$	543		Gain on sales or calls of securities, net
Amortization of prior service cost and net gain included in net periodic pension cost		(148	)	Salaries and employee benefits
		395		Total before tax
		(163	)	Provision for income tax
	$	232		Net of tax

Six months ended June 30, 2012
Details About Accumulated Other Comprehensive Income Components		Amount Reclassified From Accumulated Other Comprehensive Income		Affected Line Item in the Statement Where Net Income is Presented
Gain on investment securities	$	959		Gain on sales or calls of securities, net
Amortization of prior service cost and net gain included in net periodic pension cost		(69	)	Salaries and employee benefits
		890		Total before tax
		(365	)	Provision for income tax
	$	525		Net of tax