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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2011
Accumulated Other Comprehensive Income (Loss).  
Accumulated Other Comprehensive Income (Loss)

Note 15 — Accumulated Other Comprehensive Income (Loss)

 

The components of the change in other comprehensive income (loss) and the related tax effects were as follows:

 

 

 

June 30,

 

 

 

2011

 

2010

 

 

 

 

 

 

 

Net of

 

 

 

 

 

Net of

 

 

 

Pre-tax

 

Tax

 

Tax

 

Pre-tax

 

Tax

 

Tax

 

(Dollars in thousands)

 

Amount

 

Effect

 

Amount

 

Amount

 

Effect

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in net unrealized gain on securities available for sale

 

$

3,965

 

$

(1,408

)

2,557

 

$

9,540

 

$

(3,387

)

$

6,153

 

Noncredit portion of other-than-temporary impairment losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other-than-temporary impairment losses

 

 

 

 

(6,261

)

2,264

 

(3,997

)

Less, reclassification adjustment for portion included in net income

 

 

 

 

6,261

 

(2,264

)

3,997

 

Net noncredit portion of other-than-temporary impairment losses

 

 

 

 

 

 

 

Change in unrealized losses on derivative financial instruments qualifying as cash flow hedges

 

(105

)

37

 

(68

)

(811

)

288

 

(523

)

Other comprehensive income

 

$

3,860

 

$

(1,371

)

$

2,489

 

$

8,729

 

$

(3,099

)

$

5,630

 

 

The components of accumulated other comprehensive income (loss), net of tax, were as follows:

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

 

 

(Losses) Gains

 

 

 

 

 

 

 

 

 

on Securities

 

 

 

 

 

 

 

Benefit

 

Available

 

Cash Flow

 

 

 

(Dollars in thousands)

 

Plans

 

for Sale

 

Hedges

 

Total

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2010

 

$

(4,816

)

$

1,433

 

$

(409

)

$

(3,792

)

Change in net unrealized gain on securities available for sale

 

 

2,557

 

 

2,557

 

Reclassification of noncredit other-than-temporary impairment losses on available-for-sale securities

 

 

 

 

 

Change in unrealized losses on derivative financial instruments qualifying as cash flow hedges

 

 

 

(68

)

(68

)

Balance at June 30, 2011

 

$

(4,816

)

$

3,990

 

$

(477

)

$

(1,303

)