Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note 3. Accumulated Other Comprehensive Loss

The following table presents the after-tax changes in the balances of each component of accumulated other comprehensive loss for the three months ended March 31, 2013.

	Components of Accumulated Other Comprehensive Loss												Total Accumulated Other Comprehensive Loss
	Unrealized Gains and Losses on Available for Sale (AFS) Securities			Non-credit Impairment Losses on AFS Securities			Unrealized Gains and Losses on Derivatives			Defined Benefit Pension Plan
	(in thousands)
Balance at December 31, 2012	$	906		$	(4,175	)	$	(12,676	)	$	(34,964	)	$	(50,909	)
Other comprehensive income before reclassifications		(687	)		4,743			(77	)		—			3,979
Amounts reclassified from other comprehensive income		(2,299	)		(66	)		1,091			578			(696	)
Other comprehensive income, net		(2,986	)		4,677			1,014			578			3,283
Balance at March 31, 2013	$	(2,080	)	$	502		$	(11,662	)	$	(34,386	)	$	(47,626	)

The following table presents amounts reclassified from each component of accumulated other comprehensive loss on a gross and net of tax basis for the three months ended March 31, 2013.

	Three Months Ended March 31, 2013
Components of Accumulated Other Comprehensive Loss	Amounts Reclassified from Accumulated Other Comprehensive Loss			Income Statement Line Item
	(in thousands)
Unrealized gains on AFS securities before tax	$	3,958		Gains (losses) on securities transactions, net
Tax effect		(1,659	)
Total net of tax		2,299
Non-credit impairment losses on AFS securities before tax		113		Interest and dividends on investment securities (taxable)
Tax effect		(47	)
Total net of tax		66
Unrealized losses on derivatives (cash flow hedges) before tax		(1,880	)	Interest expense
Tax effect		789
Total net of tax		(1,091	)
Defined benefit pension plan:
Amortization of prior service cost		(202	)*
Amortization of net actuarial loss		(794	)*
Total before tax		(996	)
Tax effect		418
Total net of tax		(578	)
Total reclassifications, net of tax	$	696

* These accumulated other comprehensive loss components are included in the computation of net periodic pension cost.