ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2012

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:

	December 31, 2012
	Total other comprehensive income									Total accumulated other comprehensive income
(Dollars in thousands)	Pre-tax			Tax-effect			Net of tax			Beginning Balance			Net Activity			Ending Balance
Unrealized gain on investment securities	$	214		$	(81	)	$	133		$	12,669		$	133		$	12,802
Unrealized loss on derivatives	(229		)	86			(143		)	0			(143		)	(143		)
Retirement obligation	4,495			(1,697		)	2,798			(34,136		)	2,798			(31,338		)
Foreign currency translation	25			0			25			(23		)	25			2
Total	$	4,505		$	(1,692	)	$	2,813		$	(21,490	)	$	2,813		$	(18,677	)

	December 31, 2011
	Total other comprehensive income									Total accumulated other comprehensive income
(Dollars in thousands)	Pre-tax			Tax-effect			Net of tax			Beginning Balance			Net Activity			Ending Balance
Unrealized gain on investment securities	$	5,792		$	(2,187	)	$	3,605		$	9,064		$	3,605		$	12,669
Unrealized loss on derivatives	628			(237		)	391			(391		)	391			0
Retirement obligation	(20,652		)	7,798			(12,854		)	(21,282		)	(12,854		)	(34,136		)
Foreign currency translation	(588		)	0			(588		)	565			(588		)	(23		)
Total	$	(14,820	)	$	5,374		$	(9,446	)	$	(12,044	)	$	(9,446	)	$	(21,490	)

	December 31, 2010
	Total other comprehensive income								Total accumulated other comprehensive income
(Dollars in thousands)	Pre-tax			Tax-effect		Net of tax			Beginning Balance			Net Activity			Ending Balance
Unrealized gain on investment securities	$	(1,485	)	$	325	$	(1,160	)	$	10,224		$	(1,160	)	$	9,064
Unrealized loss on derivatives	(2,089		)	767		(1,322		)	931			(1,322		)	(391		)
Retirement obligation	(46		)	525		479			(21,761		)	479			(21,282		)
Foreign currency translation	446			0		446			119			446			565
Total	$	(3,174	)	$	1,617	$	(1,557	)	$	(10,487	)	$	(1,557	)	$	(12,044	)