Accumulated Comprehensive Income

9 Months Ended

Sep. 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 nine months ended September 30, 2014 and 2013 (in thousands):

	Three months ended September 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 June 30, 2014	$                     2,201	$                     -	$             (1,101)	$      1,100
Other comprehensive income before reclassifications (net of tax)	564	-	-	564
Amounts reclassified from accumulated other
comprehensive income (loss) (net of tax)	(160)	-	9	(151)
Net current period other comprehensive income	404	-	9	413
Balance as of September 30, 2014	$                     2,605	$                     -	$             (1,092)	$      1,513
	Nine months ended September 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)	3,035	-	-	3,035
Amounts reclassified from accumulated other
comprehensive income (loss) (net of tax)	(322)	-	25	(297)
Net current period other comprehensive income	2,713	-	25	2,738
Balance as of September 30, 2014	$                     2,605	$                     -	$             (1,092)	$      1,513
	Three months ended September 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 June 30, 2013	$                     1,259	$                  (65)	$             (1,907)	$        (713)
Other comprehensive income (loss) before reclassifications (net of tax)	(121)	35	-	(86)
Amounts reclassified from accumulated other
comprehensive income (loss) (net of tax)	(61)	-	44	(17)
Net current period other comprehensive income (loss)	(182)	35	44	(103)
Balance as of September 30, 2013	$                     1,077	$                  (30)	$             (1,863)	$        (816)
	Nine months ended September 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)	(5,422)	102	-	(5,320)
Amounts reclassified from accumulated other
comprehensive income (loss) (net of tax)	(255)	-	128	(127)
Net current period other comprehensive income (loss)	(5,677)	102	128	(5,447)
Balance as of September 30, 2013	$                     1,077	$                  (30)	$             (1,863)	$        (816)
(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 nine months ended September 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  September 30,
	2014	2013
Unrealized gains and losses on available for sale securities
	$                          242	$                      91	Investment securities gains, net
	(82)	(30)	Provision for income taxes
	$                          160	$                      61	Net of tax
Defined benefit pension items
	$                          (13)	$                    (66)	Salaries and employee benefits
	4	22	Provision for income taxes
	$                            (9)	$                    (44)	Net of tax
Total reclassifications	$                          151	$                      17
	Nine Months Ended  September 30,
	2014	2013
Unrealized gains and losses on available for sale securities
	$                          488	$                    385	Investment securities gains, net
	(166)	(130)	Provision for income taxes
	$                          322	$                    255	Net of tax
Defined benefit pension items
	$                          (38)	$                  (194)	Salaries and employee benefits
	13	66	Provision for income taxes
	$                          (25)	$                  (128)	Net of tax
Total reclassifications	$                          297	$                    127
(a) Amounts in parentheses indicate debits to profit/loss