OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

OTHER COMPREHENSIVE INCOME (LOSS)

Note 14

OTHER COMPREHENSIVE INCOME (LOSS)

FASB Topic ASC 220, “Comprehensive Income” requires that certain transactions and other economic events that bypass the income statement be displayed as other comprehensive income.  Total comprehensive income is reported in the consolidated statements of comprehensive income and changes in shareowners’ equity.

The following table summarizes the tax effects for each component of other comprehensive income (loss):

(Dollars in Thousands)	Before Tax Amount			Tax (Expense) Benefit			Net of Tax Amount
2013
Investment Securities:
Change in net unrealized (gain) loss	$	(1,252	)	$	483		$	(769	)
Unrealized losses on securities transferred from available for sale to held to maturity		(523	)		202			(321	)
Amortization of losses on securities transferred from available for sale to held  to maturity		25			(10	)		15
Reclassification adjustment for net gain included in net income		3			(1	)		2
Reclassification adjustment for impairment loss realized in net income		600			(232	)		368
Total Investment Securities		(1,147	)		442			(705	)
Benefit Plans:
Reclassification adjustment for amortization of prior service cost		504			(194	)		310
Reclassification adjustment for amortization of net loss		4,079			(1,574	)		2,505
Current year actuarial gain		30,784			(11,875	)		18,909
Total Benefit Plans		35,367			(13,643	)		21,724
Total Other Comprehensive Income	$	34,220		$	(13,201	)	$	21,019
2012
Investment Securities:
Change in net unrealized (gain) loss	$	(786	)	$	295		$	(491	)
Total Investment Securities		(786	)		295			(491	)
Benefit Plans:
Reclassification adjustment for amortization of prior service cost		548			(211	)		337
Reclassification adjustment for amortization of net loss		3,021			(1,165	)		1,856
Current year actuarial loss		(12,587	)		4,855			(7,732	)
Total Benefit Plans		(9,018	)		3,479			(5,539	)
Total Other Comprehensive Loss	$	(9,804	)	$	3,774		$	(6,030	)
2011
Investment Securities:
Change in net unrealized (gain) loss	$	600		$	(203	)	$	397
Total Investment Securities		600			(203	)		397
Benefit Plans:
Reclassification adjustment for amortization of prior service cost		643			(248	)		395
Reclassification adjustment for amortization of net loss		1,810			(698	)		1,112
Current year actuarial loss		(15,763	)		6,081			(9,682	)
Total Benefit Plans		(13,310	)		5,135			(8,175	)
Total Other Comprehensive Loss	$	(12,710	)	$	4,932		$	(7,778	)

Accumulated other comprehensive loss was comprised of the following components:

(Dollars in Thousands)	Securities Available for Sale			Retirement Plans			Accumulated Other Comprehensive Loss
Balance as of January 1, 2013	$	573		$	(30,132	)	$	(29,559	)
Other comprehensive (loss) income during the period		(705	)		21,724			21,019
Balance as of December 31, 2013	$	(132	)	$	(8,408	)	$	(8,540	)
Balance as of January 1, 2012	$	1,064		$	(24,593	)	$	(23,529	)
Other comprehensive loss during the period		(491	)		(5,539	)		(6,030	)
Balance as of December 31, 2012	$	573		$	(30,132	)	$	(29,559	)
Balance as of January 1, 2011	$	667		$	(16,418	)	$	(15,751	)
Other comprehensive income (loss) during the period		397			(8,175	)		(7,778	)
Balance as of December 31, 2011	$	1,064		$	(24,593	)	$	(23,529	)