XML 19 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Comprehensive Income
 6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Other Comprehensive Income
Other Comprehensive Income
(In Thousands)
Changes in the components of other comprehensive income were as follows:
 
 
Pre-Tax
 
Tax Expense
(Benefit)
 
Net of Tax
Three months ended June 30, 2013
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding losses on securities
$
(11,369
)
 
$
(4,350
)
 
$
(7,019
)
Non-credit related portion of other-than-temporary impairment on securities
—

 
—

 
—

Reclassification adjustment for gains realized in net income
—

 
—

 
—

Amortization of unrealized holding gains on securities transferred to the held to maturity category
(88
)
 
(34
)
 
(54
)
Total securities available for sale
(11,457
)
 
(4,384
)
 
(7,073
)
Derivative instruments:
 
 
 
 
 
Unrealized holding gains on derivative instruments
1,607

 
615

 
992

Reclassification adjustment for gains realized in net income
(83
)
 
(32
)
 
(51
)
Total derivative instruments
1,524

 
583

 
941

Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Net gain (loss) arising during the period
—

 
—

 
—

Amortization of net actuarial loss recognized in net periodic pension cost
138

 
53

 
85

Total defined benefit pension and post-retirement benefit plans
138

 
53

 
85

Total other comprehensive income
$
(9,795
)
 
$
(3,748
)
 
$
(6,047
)
Three months ended June 30, 2012
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding gains on securities
$
1,766

 
$
676

 
$
1,090

Non-credit related portion of other-than-temporary impairment on securities
—

 
—

 
—

Reclassification adjustment for gains realized in net income
(869
)
 
(332
)
 
(537
)
Amortization of unrealized holding gains on securities transferred to the held to maturity category
(148
)
 
(57
)
 
(91
)
Total securities available for sale
749

 
287

 
462

Derivative instruments:
 
 
 
 
 
Unrealized holding losses on derivative instruments
(1,664
)
 
(637
)
 
(1,027
)
Reclassification adjustment for gains realized in net income
(152
)
 
(58
)
 
(94
)
Total derivative instruments
(1,816
)
 
(695
)
 
(1,121
)
Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Net gain (loss) arising during the period
—

 
—

 
—

Amortization of net actuarial loss recognized in net periodic pension cost
107

 
41

 
66

Total defined benefit pension and post-retirement benefit plans
107

 
41

 
66

Total other comprehensive income
$
(960
)
 
$
(367
)
 
$
(593
)

 
Pre-Tax
 
Tax Expense
(Benefit)
 
Net of Tax
Six months ended June 30, 2013
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding losses on securities
$
(11,133
)
 
$
(4,260
)
 
$
(6,873
)
Non-credit related portion of other-than-temporary impairment on securities
—

 
—

 
—

Reclassification adjustment for losses realized in net income
115

 
44

 
71

Amortization of unrealized holding gains on securities transferred to the held to maturity category
(194
)
 
(74
)
 
(120
)
Total securities available for sale
(11,212
)
 
(4,290
)
 
(6,922
)
Derivative instruments:
 
 
 
 
 
Unrealized holding gains on derivative instruments
1,942

 
743

 
1,199

Reclassification adjustment for gains realized in net income
(168
)
 
(64
)
 
(104
)
Total derivative instruments
1,774

 
679

 
1,095

Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Net gain (loss) arising during the period
—

 
—

 
—

Amortization of net actuarial loss recognized in net periodic pension cost
254

 
97

 
157

Total defined benefit pension and post-retirement benefit plans
254

 
97

 
157

Total other comprehensive income
$
(9,184
)
 
$
(3,514
)
 
$
(5,670
)
Six months ended June 30, 2012
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
Unrealized holding gains on securities
$
3,414

 
$
1,306

 
$
2,108

Non-credit related portion of other-than-temporary impairment on securities
—

 
—

 
—

Reclassification adjustment for gains realized in net income
(1,773
)
 
(678
)
 
(1,095
)
Amortization of unrealized holding gains on securities transferred to the held to maturity category
(313
)
 
(120
)
 
(193
)
Total securities available for sale
1,328

 
508

 
820

Derivative instruments:
 
 
 
 
 
Unrealized holding losses on derivative instruments
(1,843
)
 
(705
)
 
(1,138
)
Reclassification adjustment for gains realized in net income
(304
)
 
(116
)
 
(188
)
Total derivative instruments
(2,147
)
 
(821
)
 
(1,326
)
Defined benefit pension and post-retirement benefit plans:
 
 
 
 
 
Net gain (loss) arising during the period
—

 
—

 
—

Amortization of net actuarial loss recognized in net periodic pension cost
214

 
82

 
132

Total defined benefit pension and post-retirement benefit plans
214

 
82

 
132

Total other comprehensive income
$
(605
)
 
$
(231
)
 
$
(374
)


The accumulated balances for each component of other comprehensive income, net of tax, were as follows as of the dates presented:
 
 
June 30,
2013
 
December 31, 2012
Unrealized gains on securities
$
10,506

 
$
17,428

Non-credit related portion of other-than-temporary impairment on securities
(17,474
)
 
(17,474
)
Unrealized losses on derivative instruments
(116
)
 
(1,211
)
Unrecognized defined benefit pension and post-retirement benefit plans obligations
(7,087
)
 
(7,244
)
Total accumulated other comprehensive loss
$
(14,171
)
 
$
(8,501
)