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Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2011
Other Comprehensive Income (Loss) 
OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 6: OTHER COMPREHENSIVE INCOME (LOSS)

 

Comprehensive income includes all changes in stockholders' equity during the period, except those resulting from investments by owners and distributions to owners.  Comprehensive income for all periods consisted of net income and other comprehensive income (loss) relating to the change in unrealized losses on investment securities available for sale.  Comprehensive income, net of tax, is disclosed in the following table. The effect of pension adjustments will be made during the last quarter of each fiscal year indicated.

 

(Dollars in thousands)

 

Before-Tax

Amount

 

 

Tax

Expense

 

 

Net-of-Tax

Amount

 

Three Months Ended September 30, 2011:

 

 

 

 

 

 

 

 

 

Net Income

 

 

 

 

 

 

 

$

1,295

 

Other Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains arising during the period

 

$

(110

)

 

$

38

 

 

 

(72

)

Accretion of discount on AFS to HTM reclassification

 

 

8

 

 

 

(3

)

 

 

5

 

Total comprehensive income

 

 

 

 

 

 

 

 

 

$

1,228

 

Three Months Ended September 30, 2010:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

 

 

 

 

 

 

 

 

$

993

 

Other Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains arising during the period

 

$

865

 

 

$

(294

)

 

 

571

 

Less reclassification for gains included in net income

 

 

(399

)

 

 

135

 

 

 

(264

)

Total comprehensive income

 

 

 

 

 

 

 

 

 

$

1,300

 

 

 

 

(Dollars in thousands)

 

Before-Tax

Amount

 

 

Tax

Expense

 

 

Net-of-Tax

Amount

 

Nine Months Ended September 30, 2011:

 

 

 

 

 

 

 

 

 

Net Income

 

 

 

 

 

 

 

$

3,598

 

Other Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains arising during the period

 

$

2,257

 

 

$

(767

)

 

 

1,490

 

Discount on AFS to HTM reclassification

 

 

(116

)

 

 

39

 

 

 

(77

)

Accretion of discount on AFS to HTM reclassification

 

 

9

 

 

 

(3

)

 

 

6

 

Less reclassification for gains included in net income

 

 

(2

)

 

 

1

 

 

 

(1

)

Total comprehensive income

 

 

 

 

 

 

 

 

 

$

5,016

 

Nine Months Ended September 30, 2010:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

 

 

 

 

 

 

 

 

$

2,615

 

Other Comprehensive Income:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains arising during the period

 

$

3,685

 

 

$

(1,253

)

 

 

2,432

 

Accretion of discount on AFS to HTM reclassification

 

 

594

 

 

 

(202

)

 

 

392

 

Less reclassification for gains included in net income

 

 

(1,399

)

 

 

492

 

 

 

(907

)

Total comprehensive income

 

 

 

 

 

 

 

 

 

$

4,532

 

 

 

 

The components of accumulated other comprehensive loss included in stockholders' equity, are as follows:

 

(Dollars in thousands)

 

Before-Tax

Amount

 

 

Tax

Effect

 

 

Net-of-Tax

Amount

 

September 30, 2011

 

 

 

 

 

 

 

 

 

Net unrealized gain on AFS securities

 

$

213

 

 

$

(73

)

 

$

140

 

Discount on AFS to HTM reclassification

 

 

(107

)

 

 

36

 

 

 

(71

)

Unrealized actuarial losses-pension

 

 

(1,314

)

 

 

447

 

 

 

(867

)

Total of all items above

 

$

(1,208

)

 

$

410

 

 

$

(798

)

December 31, 2010

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized loss on AFS securities

 

$

(2,044

)

 

$

695

 

 

$

(1,349

)

Unrealized actuarial losses-pension

 

 

(1,314

)

 

 

447

 

 

 

(867

)

Total of all items above

 

$

(3,358

)

 

$

1,142

 

 

$

(2,216

)