Comprehensive Income

12 Months Ended

Dec. 31, 2011

Comprehensive Income

Comprehensive Income

Note 14 — Comprehensive Income

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from non-owner sources. The Corporation's other comprehensive income (loss) is comprised of unrealized holding gains and losses on securities available-for-sale, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Corporation's defined benefit pension plan, net of taxes.

Disclosure of comprehensive income for the years ended December 31, 2011, 2010 and 2009 is presented in the Consolidated Statements of Changes in Stockholders' Equity. The table below provides a reconciliation of the components of other comprehensive income to the disclosure provided in the statement of changes in stockholders' equity.

The components of other comprehensive income (loss), net of taxes, were as follows for the following fiscal years ended December 31:

	Years Ended December 31,
	2011			2010			2009
	(Dollars in Thousands)
Reclassification adjustments for OTTI losses included in income	$	342		$	5,576		$	4,238
Unrealized gains (losses) on available for sale securities		8,990			3,822			(2,827	)
Reclassification adjustment for realized gains arising during this period		(3,976	)		(4,237	)		(4,729	)
Net unrealized gains (losses) on available-for-sale securities		5,356			5,161			(3,318	)
Unrealized holding gains on securities transferred from available-for-sale to held-to-maturity securities		245			—			—
Net unrealized gains (losses)		5,601			5,161			(3,318	)
Tax effect		(2,307	)		(2,060	)		1,354
Net of tax amount		3,294			3,101			(1,964	)
Actuarial (loss) gain		(1,649	)		—			25
Tax effect		584			—			(10	)
Net of tax amount		(1,065	)		—			15
Net actuarial gains		—			—			142
Tax effect		—			—			(57	)
Net of tax amount		—			—			85
Other comprehensive income (loss), net of tax	$	2,229		$	3,101		$	(1,864	)

Accumulated other comprehensive loss at December 31, 2011 and 2010 consisted of the following:

	2011			2010
	(Dollars in Thousands)
Investment securities available for sale, net of tax	$	(2,196	)	$	(5,327	)
Unamortized component of securities transferred from available-for-sale to held-to-maturity, net of tax		163			—
Defined benefit pension and post-retirement plans, net of tax		(3,413	)		(2,348	)
Total	$	(5,446	)	$	(7,675	)