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Stockholders' Equity and Earnings per Common Share
 9 Months Ended
Sep. 30, 2013
Stockholders' Equity and Earnings Per Common Share [Abstract]  
Stockholders' Equity and Earnings Per Common Share
Note 6. Stockholders’ Equity and Earnings per Share

STOCKHOLDERS’ EQUITY – OTHER COMPREHENSIVE LOSS
The following table presents information on amounts reclassified out of accumulated other comprehensive loss, by category, during the periods indicated:

 
 
Three Months Ended
June 30,
  
Six Months Ended
June 30,
 
Affected Line Item on
 
 
2013
  
2012
  
2013
  
2012
 
Consolidated Statement of Income
 
 
(in thousands)
 
 
Available-for-sale securities
 
  
  
  
 
     
Realized gains (losses) on sales of securities
 
$
(21
)
 
$
769
  
$
(21
)
 
$
1,084
 
Gain (loss) on sale of available-for-sale securities, net
Tax effect
  
(7
)
  
262
   
(7
)
  
369
 
Income tax expense
 
 
$
(14
)
 
$
507
  
$
(14
)
 
$
715
 
Net of tax

The following table presents the changes in accumulated other comprehensive loss, by category, net of tax, for the periods indicated:

 
 
Unrealized
Gains
(Losses) on
Securities
  
Defined
Benefit
Pension
Plans
  
Accumulated
Other
Comprehensive
Loss
 
 
 
(in thousands)
 
 
 
  
  
 
SIX MONTHS ENDED JUNE 30, 2013
  
  
 
 
 
  
  
 
Balance at beginning of period
 
$
1,993
  
$
(2,184
)
 
$
(191
)
Net change for the period
  
(8,223
)
  
0
   
(8,223
)
Balance at end of period
 
$
(6,230
)
 
$
(2,184
)
 
$
(8,414
)

 
 
Unrealized
Gains
(Losses) on
Securities
  
Defined
Benefit
Pension
Plans
  
Accumulated
Other
Comprehensive
Loss
 
 
 
(in thousands)
 
 
 
  
  
 
SIX MONTHS ENDED JUNE 30, 2012
  
  
 
 
 
  
  
 
Balance at beginning of period
 
$
1,526
  
$
(1,875
)
 
$
(349
)
Net change for the period
  
249
   
0
   
249
 
Balance at end of period
 
$
1,775
  
$
(1,875
)
 
$
(100
)

The following table presents the change in each component of other comprehensive income on a pre-tax and after-tax basis for the periods indicated.

 
 
Six Months Ended June 30, 2013
 
 
 
Pretax
  
Tax Expense
(Benefit)
  
Net-of-Tax
 
 
 
(in thousands)
 
Unrealized losses on securities
 
  
  
 
Unrealized holding losses arising during the period
 
$
(12,480
)
 
$
(4,243
)
 
$
(8,237
)
Less reclassification adjustment for losses recognized in income
  
(21
)
  
(7
)
  
(14
)
Net unrealized losses on securities
  
(12,459
)
  
(4,236
)
  
(8,223
)
 
            
Total decrease in other comprehensive loss
 
$
(12,459
)
 
$
(4,236
)
 
$
(8,223
)
 
 
 
Six Months Ended June 30, 2012
 
 
 
Pretax
  
Tax Expense
(Benefit)
  
Net-of-Tax
 
 
 
(in thousands)
 
Unrealized gains on securities
 
  
  
 
Unrealized holding gains arising during the period
 
$
1,461
  
$
497
  
$
964
 
Less reclassification adjustment for gains recognized in income
  
1,084
   
369
   
715
 
Net unrealized gains on securities
  
377
   
128
   
249
 
 
            
Total increase in other comprehensive loss
 
$
377
  
$
128
  
$
249
 

EARNINGS PER COMMON SHARE
Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares attributable to outstanding stock options.

The Company did not include an average of 156 thousand potential common shares attributable to outstanding stock options in the diluted earnings per share calculation for the first six months of 2013 because they were antidilutive.