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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
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 reclassifications out of accumulated other comprehensive income (loss) are as follows:
 
March 31, 2013
 
Total other comprehensive income
 
Total accumulated
other comprehensive income
(Dollars in thousands)
Prior to
Reclassification
 
Reclassification
from
 
Pre-tax
 
Tax-effect
 
Net of tax
 
Beginning Balance
 
Net Activity
 
Ending Balance
Unrealized gains on investment securities
$
(3,857
)
 
$
1,536

 
$
(5,393
)
 
$
2,036

 
$
(3,357
)
 
$
12,802

 
$
(3,357
)
 
$
9,445

Unrealized loss on cash flow hedges
136

 
(66
)
 
202

 
(76
)
 
126

 
(143
)
 
126

 
(17
)
Retirement obligation
0

 
(715
)
 
715

 
(270
)
 
445

 
(31,338
)
 
445

 
(30,893
)
Foreign currency translation
(12
)
 
0

 
(12
)
 
0

 
(12
)
 
2

 
(12
)
 
(10
)
Total
$
(3,733
)
 
$
755

 
$
(4,488
)
 
$
1,690

 
$
(2,798
)
 
$
(18,677
)
 
$
(2,798
)
 
$
(21,475
)

 
 
March 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 gains on investment securities
 
$
3,919

 
$
(1,480
)
 
$
2,439

 
$
12,669

 
$
2,439

 
$
15,108

Retirement obligation
 
570

 
(215
)
 
355

 
(34,136
)
 
355

 
(33,781
)
Foreign currency translation
 
9

 
0

 
9

 
(23
)
 
9

 
(14
)
Total
 
$
4,498

 
$
(1,695
)
 
$
2,803

 
$
(21,490
)
 
$
2,803

 
$
(18,687
)


The following table details the activity reclassified from accumulated other comprehensive income into income during the period:
 
 
March 31, 2013
(Dollars in thousands)
 
Amount Reclassified from Accumulated Other Comprehensive Income *
 
Affected Line Item in the Consolidated Statements of Income
Gains and loss on cash flow hedges
 
 
 
 
Interest rate contracts
 
$
(66
)
 
Interest expense - deposits
 
 
 
 
 
Realized gains and losses on securities available-for-sale
 
1,536

 
Gains on sales of investments securities
 
 
 
 
 
Defined benefit pension plan
 
 
 
 
Amortization of prior service cost
 
105

 
 
Recognized net actuarial loss
 
(820
)
 
 
Amortization of defined benefit pension items
 
(715
)
 
Salaries and benefits expense
 
 
 
 
 
Total reclassifications for the period, before tax
 
$
755

 
 

* Amounts in parentheses are debits to profit/loss.