Accumulated Comprehensive Income

6 Months Ended

Jun. 30, 2014

Accumulated Comprehensive Income [Abstract]

Accumulated Comprehensive Income

Note 8 – Accumulated Comprehensive Income

The following tables present the changes in accumulated other comprehensive (loss) income by component net of tax for the three and six months ended June 30, 2014 and 2013 (in thousands):

	Three months ended June 30, 2014
	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 March 31, 2014	$	1,264		$	-	$	(1,110	)	$	154
Other comprehensive income before reclassifications (net of tax)		986			-		-			986
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)		(49	)		-		9			(40	)
Net current period other comprehensive income		937			-		9			946
Balance as of June 30, 2014	$	2,201		$	-	$	(1,101	)	$	1,100

	Six months ended June 30, 2014
	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, 2013	$	(108	)	$	-		$	(1,117	)	$	(1,225	)
Other comprehensive income before reclassifications (net of tax)		2,471			-			-			2,471
Amounts reclassified from accumulated other comprehensive income (loss) (net of tax)		(162	)		-			16			(146	)
Net current period other comprehensive income		2,309			-			16			2,325
Balance as of June 30, 2014	$	2,201		$	-		$	(1,101	)	$	1,100
	Three months ended June 30, 2013
	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 March 31, 2013	$	5,717		$	(99	)	$	(1,991	)	$	3,627
Other comprehensive income (loss) before reclassifications (net of tax)		(4,393	)		34			-			(4,359	)
Amounts reclassified from accumulated other
comprehensive income (loss) (net of tax)		(65	)		-			84			19
Net current period other comprehensive income (loss)		(4,458	)		34			84			(4,340	)
Balance as of June 30, 2013	$	1,259		$	(65	)	$	(1,907	)	$	(713	)
	Six months ended June 30, 2013
	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)		(5,301	)		67			-			(5,234	)
Amounts reclassified from accumulated other
comprehensive income (loss) (net of tax)		(194	)		-			84			(110	)
Net current period other comprehensive income (loss)		(5,495	)		67			84			(5,344	)
Balance as of June 30, 2013	$	1,259		$	(65	)	$	(1,907	)	$	(713	)

(a) Amounts in parentheses indicate debits

The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive income for the three and six months ended June 30, 2014 and 2013 (in thousands):

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
	Three Months Ended June 30,
	2014			2013
Unrealized gains and losses on available for sale securities
	$	75		$	98		Investment securities gains, net
		(26	)		(33	)	Provision for income taxes
		49			65		Net of tax
Defined benefit pension items
		(13	)		(128	)	Salaries and employee benefits
		4			44		Provision for income taxes
		(9	)		(84	)	Net of tax
Total reclassifications	$	40		$	(19	)
	Six Months Ended June 30,
		2014			2013
Unrealized gains and losses on available for sale securities
	$	246		$	294		Investment securities gains, net
		(84	)		(100	)	Provision for income taxes
		162			194		Net of tax
Defined benefit pension items
		(25	)		(128	)	Salaries and employee benefits
		9			44		Provision for income taxes
		(16	)		(84	)	Net of tax
Total reclassifications	$	146		$	110

(a) Amounts in parentheses indicate debits to profit/loss