XML 30 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
OTHER COMPREHENSIVE INCOME (Tables)
 12 Months Ended
Dec. 31, 2013
OTHER COMPREHENSIVE INCOME [Abstract]  
Components of accumulated other comprehensive income (loss), net of tax
The components of accumulated other comprehensive income (loss), net of tax, as of December 31, were as follows (in thousands):
 
 
 2013
 2012
Net unrealized (loss) gain on securities available for sale
 $                (162)
 $      10,234
Tax effect
(54)
3,480
Net -of-tax amount
(108)
6,754
     
Unrealized loss on interest rate swap
                         -
(200)
Tax effect
                         -
(68)
Net -of-tax amount
                         -
(132)
     
Unrecognized pension costs
(1,693)
(3,018)
Tax effect
(576)
(1,027)
Net -of-tax amount
(1,117)
(1,991)
     
Total accumulated other comprehensive (loss) income
 $             (1,225)
 $        4,631
 
The following tables present the changes in accumulated other comprehensive (loss) income by component net of tax for the year ended December 31, 2013 (in thousands):
 
 
    Unrealized gain (loss)
    on available for sale
    securities (a)
    Unrealized gain
         (loss) on interest
    rate swap (a)
    Defined Benefit
          Pension Items (a)
    Total
Balance as of December 31, 2012
 $              6,754
 $         (132)
 $         (1,991)
 $        4,631
Other comprehensive income (loss) before reclassifications (net of tax)
                (6,571)
              132
                   -
         (6,439)
Amounts reclassified from accumulated other
       
     comprehensive income (loss) (net of tax)
                   (291)
                -
                874
              583
Net current period other comprehensive income (loss)
                (6,862)
              132
                874
         (5,856)
Balance as of December 31, 2013
 $                (107)
 $                 -
 $         (1,118)
 $      (1,225)
(a) Amounts in parentheses indicate debits
       
Schedule of the significant amounts reclassified out of each component of accumulated other comprehensive income
The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive income (loss) for the year ended December 31, 2013:
 
Details about accumulated other comprehensive income (loss)
Amount
 reclassified from    
accumulated comprehensive
income (loss) (a)
 
Affected line item in the
statement where net Income is
presented
Unrealized gains and losses on available for sale securities
    
 
 $                 441
 
Investment securities gains, net
 
                   (150)
 
Provision for income taxes
 
                291
 
Net of tax
      
Defined benefit pension items
    
 
 $             (1,325)
 
Salaries and employee benefits
 
                    451
 
Provision for income taxes
 
              (874)
 
Net of tax
Total reclassifications
$                (583)
  
(a) Amounts in parentheses indicate debits to profit/loss