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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Jun. 30, 2012
Related Tax Effects Allocated to Other Comprehensive Income and Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Shareholders’ equity is affected by transactions and valuations of asset and liability positions that require adjustments to accumulated other comprehensive income (loss).  The related tax effects allocated to other comprehensive income and accumulated other comprehensive income (loss) are as follows:

 
 
June 30, 2012
 
 
Transactions
 
 
(Dollars in thousands)
 
Pre-tax
 
Tax-effect
 
Net of tax
 
Balances
Net of tax
Unrealized gains on investment securities
 
$
4,171

 
$
(1,575
)
 
$
2,596

 
$
15,265

Retirement obligation
 
1,140

 
(430
)
 
710

 
(33,426
)
Foreign currency translation
 
12

 
0

 
12

 
(11
)
Total
 
$
5,323

 
$
(2,005
)
 
$
3,318

 
$
(18,172
)

 
 
June 30, 2011
 
 
Transactions
 
 
(Dollars in thousands)
 
Pre-tax
 
Tax-effect
 
Net of tax
 
Balances
Net of tax
Unrealized gains on securities available-for-sale
 
$
4,680

 
$
(1,767
)
 
$
2,913

 
$
11,977

Unrealized gain on derivatives
 
628

 
(237
)
 
391

 
0

Retirement obligation
 
850

 
(321
)
 
529

 
(20,753
)
Foreign currency translation
 
309

 
0

 
309

 
874

Total
 
$
6,467

 
$
(2,325
)
 
$
4,142

 
$
(7,902
)