Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

6. Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (AOCI) is reported as a component of stockholders’ equity. AOCI can include, among other items, unrealized holding gains and losses on securities available for sale (AFS), gains and losses associated with pension or other post retirement benefits that are not recognized immediately as a component of net periodic benefit cost, and gains and losses on derivative instruments that are designated as, and qualify as, cash flow hedges. The net unrealized gain on AFS securities reclassified as securities held to maturity during 2012 also continue to be reported as a component of AOCI and will be amortized over the estimated remaining life of the security as an adjustment to interest income. The components of AOCI are reported net of related tax effects.

The components of AOCI and changes in those components are presented in the following table (in thousands).

	Available for Sale Securities			Held to Maturity Securities Transferred from AFS			Employee Benefit Plans			Loss on Effective Cash Flow Hedges			Total
Balance, January 1, 2012	$	60,478		$	—		$	(86,923	)	$	(65	)	$	(26,510	)
Other comprehensive income before income taxes:
Net change in unrealized gain (loss)		8,409			—			—			(391	)		8,018
Transfer of net unrealized gain from AFS to HTM, net of cummulative tax effect		(24,598	)		24,598			—			—			—
Reclassification adjustment for net (gains) losses realized and included in earnings		(12	)		—			1,753			88			1,829
Income tax expense (benefit)		2,983			—			657			(118	)		3,522
Balance, March 31, 2012	$	41,294		$	24,598		$	(85,827	)	$	(250	)	$	(20,185	)
Balance, January 1, 2013	$	38,854		$	19,090		$	(80,688	)	$	(181	)	$	(22,925	)
Other comprehensive income before income taxes:
Net change in unrealized gain (loss)		(12,434	)		—			—			(4	)		(12,438	)
Reclassification adjustment for net losses realized and included in earnings		—			—			1,754			175			1,929
Amortization of unrealized net gain on securities transferred to held-to-maturity		—			(2,984	)		—			—			(2,984	)
Income tax expense (benefit)		(4,586	)		(1,078	)		657			67			(4,940	)
Balance, March 31, 2013	$	31,006		$	17,184		$	(79,591	)	$	(77	)	$	(31,478	)