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Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2013
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
16.  Accumulated Other Comprehensive Loss

A summary of changes in accumulated other comprehensive loss ("AOCL"), net of tax for the three months ended March 31 follows:
 
 
 
 
 
Dispropor-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
tionate
 
 
 
 
 
 
 
 
Dispropor-
 
 
 
 
 
Unrealized
 
 
Tax Effects
 
 
 
 
 
 
 
 
tionate
 
 
 
 
 
Losses on
 
 
from
 
 
Unrealized
 
 
Unrealized
 
 
Tax Effects
 
 
 
 
 
Available
 
 
Securities
 
 
Losses on
 
 
Losses on
 
 
from Cash
 
 
 
 
 
for Sale
 
 
Available
 
 
Cash Flow
 
 
Settled
 
 
Flow
 
 
 
 
 
Securities
 
 
for Sale
 
 
Hedges
 
 
Derivatives
 
 
Hedges
 
 
Total
 
 
(In thousands)
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Balances at beginning of period
 
$
(516
)
 
$
(5,617
)
 
$
(739
)
 
$
-
 
 
$
(1,186
)
 
$
(8,058
)
  Other comprehensive income (loss) before reclassifications
 
 
1,007
 
 
 
-
 
 
 
(3
)
 
 
-
 
 
 
-
 
 
 
1,004
 
    Amounts reclassified from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      AOCL
 
 
7
 
 
 
-
 
 
 
94
 
 
 
-
 
 
 
-
 
 
 
101
 
       Net current period other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
         comprehensive income (loss)
 
 
1,014
 
 
 
-
 
 
 
91
 
 
 
-
 
 
 
-
 
 
 
1,105
 
  Balances at end of period
 
$
498
 
 
$
(5,617
)
 
$
(648
)
 
$
-
 
 
$
(1,186
)
 
$
(6,953
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Balances at beginning of period
 
$
(3,579
)
 
$
(5,617
)
 
$
(1,103
)
 
$
(436
)
 
$
(1,186
)
 
$
(11,921
)
 Other comprehensive income (loss) before reclassifications
 
 
(908
)
 
 
-
 
 
 
(51
)
 
 
-
 
 
 
-
 
 
 
(959
)
    Amounts reclassified from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      AOCL
 
 
(515
)
 
 
-
 
 
 
185
 
 
 
145
 
 
 
-
 
 
 
(185
)
       Net current period other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
         comprehensive income (loss)
 
 
(1,423
)
 
 
-
 
 
 
134
 
 
 
145
 
 
 
-
 
 
 
(1,144
)
  Balances at end of period
 
$
(5,002
)
 
$
(5,617
)
 
$
(969
)
 
$
(291
)
 
$
(1,186
)
 
$
(13,065
)
 
The disproportionate tax effects from securities available for sale and cash flow hedges arose due to tax effects of other comprehensive income ("OCI") in the presence of a valuation allowance against our deferred tax assets and a pretax loss from operations.  Generally, the amount of income tax expense or benefit allocated to operations is determined without regard to the tax effects of other categories of income or loss, such as OCI. However, an exception to the general rule is provided when, in the presence of a valuation allowance against deferred tax assets, there is a pretax loss from operations and pretax income from other categories in the current period.  In such instances, income from other categories must offset the current loss from operations, the tax benefit of such offset being reflected in operations.
 
A summary of reclassifications out of each component of AOCL for the three months ended March 31 follows:

 
Amount
 
 
Reclassified
 
 
From
 
 Affected Line Item in Condensed
   AOCL Component
 
AOCL
 
 Statements of Operations
 
(In thousands)
 
2013
 
 
 
   Unrealized losses on available
 
 
 
     for sale securities
 
 
 
 
$
(7
)
 Net gains on securities
 
 
-
 
 Net impairment loss recognized in earnings
 
 
(7
)
 Total reclassifications before tax
 
 
-
 
 Tax expense
 
$
(7
)
 Reclassifications, net of tax
 
 
 
 
   Unrealized losses on cash flow
 
 
 
 
     hedges
 
 
 
 
 
$
(94
)
 Interest expense
 
 
-
 
 Tax expense
 
$
(94
)
 Reclassification, net of tax
 
 
 
 
 
$
(101
)
 Total reclassifications for the period, net of tax
 
 
 
 
2012
 
 
 
 
   Unrealized losses on available
 
 
 
 
     for sale securities
 
 
 
 
 
$
692
 
 Net gains on securities
 
 
(177
)
 Net impairment loss recognized in earnings
 
 
515
 
 Total reclassifications before tax
 
 
-
 
 Tax expense
 
$
515
 
 Reclassifications, net of tax
 
 
 
 
   Unrealized losses on cash flow
 
 
 
 
     hedges
 
 
 
 
 
$
(185
)
 Interest expense
 
 
-
 
 Tax expense
 
 
(185
)
 Reclassification, net of tax
 
 
 
 
   Unrealized losses on settled
 
 
 
 
     derivatives
 
 
 
 
 
$
(145
)
 Interest expense
 
 
-
 
 Tax expense
 
 
(145
)
 Reclassification, net of tax
 
 
 
 
 
$
185
 
 Total reclassifications for the period, net of tax