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Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2013
Statement of Comprehensive Income [Abstract]  
Activity in Other Comprehensive Income
The following table presents the activity in other comprehensive income (loss) and the affected line item in the Consolidated Statement of Income for the periods indicated:
Three months ended September 30,
2013
 
2012
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Securities available for sale:
 
 
 
 
 
 
 
Changes in fair value of securities available for sale

($202
)

($73
)

($129
)
 

($339
)

($121
)

($218
)
Net losses (gains) on securities reclassified into earnings (1)
—

—

—

 
—

—

—

Net change in fair value of securities available for sale
(202
)
(73
)
(129
)
 
(339
)
(121
)
(218
)
Reclassification adjustment for other-than-temporary impairment losses transferred into earnings (2)
—

—

—

 
—

—

—

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(72
)
(25
)
(47
)
 
(198
)
(71
)
(127
)
Net cash flow hedge losses reclassified into earnings (3)
141

50

91

 
176

63

113

Net change in fair value of cash flow hedges
69

25

44

 
(22
)
(8
)
(14
)
Defined benefit plan obligation adjustment (4)
17,842

6,402

11,440

 
266

95

171

Total other comprehensive income (loss)

$17,709


$6,354


$11,355

 

($95
)

($34
)

($61
)

Nine months ended September 30,
2013
 
2012
(Dollars in thousands)
Pre-tax Amounts
Income Taxes
Net of Tax
 
Pre-tax Amounts
Income Taxes
Net of Tax
Securities available for sale:
 
 
 
 
 
 
 
Changes in fair value of securities available for sale

($7,771
)

($2,768
)

($5,003
)
 

($1,032
)

($356
)

($676
)
Net losses (gains) on securities reclassified into earnings (1)
613

220

393

 
(214
)
(76
)
(138
)
Net change in fair value of securities available for sale
(7,158
)
(2,548
)
(4,610
)
 
(1,246
)
(432
)
(814
)
Reclassification adjustment for other-than-temporary impairment losses transferred into earnings (2)
2,159

775

1,384

 
124

44

80

Cash flow hedges:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(27
)
(12
)
(15
)
 
(518
)
(187
)
(331
)
Net cash flow hedge losses reclassified into earnings (3)
515

184

331

 
523

187

336

Net change in fair value of cash flow hedges
488

172

316

 
5

—

5

Defined benefit plan obligation adjustment (4)
18,751

6,682

12,069

 
799

272

527

Total other comprehensive income (loss)

$14,240


$5,081


$9,159

 

($318
)

($116
)

($202
)

(1)
Reported as total other-than-temporary impairment losses on securities in the Consolidated Statement of Income.
(2)
Reported as the portion of loss recognized in other comprehensive income in the Consolidated Statement of Income.
(3)
Included in interest expense on junior subordinated debentures in the Consolidated Statement of Income.
(4)
Included in salaries and employee benefits expense in the Consolidated Statement of Income. See Note 12 and the Annual Report on Form 10-K for fiscal year 2012 for additional information.
Components of Accumulated Other Comprehensive Income
The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the nine months ended September 30, 2013:
(Dollars in thousands)
Net Unrealized Gains on Available For Sale Securities
 
Noncredit -related Impairment
 
Net Unrealized Losses on Cash Flow Hedges
 
Pension Benefit Adjustment
 
Total
Balance at December 31, 2012

$9,711

 

($1,938
)
 

($1,006
)
 

($17,266
)
 

($10,499
)
Other comprehensive income before reclassifications
(5,003
)
 
—

 
(15
)
 
—

 
(5,018
)
Amounts reclassified from accumulated other comprehensive income
393

 
1,384

 
331

 
12,069

 
14,177

Net other comprehensive income (loss)
(4,610
)
 
1,384

 
316

 
12,069

 
9,159

Balance at September 30, 2013

$5,101

 

($554
)
 

($690
)
 

($5,197
)
 

($1,340
)


The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the nine months ended September 30, 2012:
(Dollars in thousands)
Net Unrealized Gains on Available For Sale Securities
 
Noncredit -related Impairment
 
Net Unrealized Losses on Cash Flow Hedges
 
Pension Benefit Adjustment
 
Total
Balance at December 31, 2011

$13,143

 

($2,062
)
 

($1,127
)
 

($11,849
)
 

($1,895
)
Net other comprehensive income (loss)
(814
)
 
80

 
5

 
527

 
(202
)
Balance at September 30, 2012

$12,329

 

($1,982
)
 

($1,122
)
 

($11,322
)
 

($2,097
)