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Comprehensive Income/Loss
 3 Months Ended
Mar. 31, 2013
Comprehensive Income Loss [Abstract]  
COMPREHENSIVE INCOME/LOSS
COMPREHENSIVE INCOME/LOSS
Information on the Company’s comprehensive income, presented net of taxes, is set forth below for the periods indicated:

 
Three Months Ended March 31, 2013
 
Pre Tax
Amount
 
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
(1,232
)
 
 
455

 
(777
)
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
(5
)
(1)
 
2

 
(3
)
Less: net cash flow hedge losses reclassified into earnings
1,414

  
 
(578
)
 
836

Net change in fair value of cash flow hedges
1,409

 
 
(576
)
 
833

Amortization of certain costs included in net periodic retirement costs
22

  
 
(21
)
 
1

Total other comprehensive income
$
199

 
 
$
(142
)
 
$
57


 
Three Months Ended March 31, 2012
 
Pre Tax
Amount
 
 
Tax (Expense)
Benefit
 
After Tax
Amount
 
(Dollars in thousands)
Change in fair value of securities available for sale
(246
)
  
 
85

 
(161
)
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
53

(1)
 
(22
)
 
31

Less: cash flow hedge security losses reclassified into earnings
1,293

  
 
(528
)
 
765

Net change in fair value of cash flow hedges
1,346

 
 
(550
)
 
796

Amortization of certain costs included in net periodic retirement costs
39

  
 
(16
)
 
23

Total other comprehensive income
$
1,139

 
 
$
(481
)
 
$
658

 
(1)
Includes the remaining balance of a realized but unrecognized gain, net of tax, from the termination of interest rate swaps in June 2009. The original gain of $1.4 million, net of tax, will be recognized in earnings through December 2018, the original maturity date of the swap. The balance of this gain has amortized to $823,000 and $967,000 at March 31, 2013 and 2012, respectively.
Information on the Company’s accumulated other comprehensive income (loss), net of tax is comprised of the following components as of the periods indicated:

 
Unrealized Gain on Securities
 
Unrealized Loss on Cash Flow Hedge
 
Deferred Gain on Hedge Transactions
 
Defined Benefit Pension Plans
 
Accumulated Other Comprehensive Loss
 
(Dollars in thousands)
 
2013
Beginning balance January 1, 2013
$
5,478

 
$
(9,577
)
 
$
859

 
$
(1,286
)
 
$
(4,526
)
Net change in other comprehensive income (loss)
$
(777
)
 
$
869

 
$
(36
)
 
$
1

 
$
57

Ending balance March 31, 2013
4,701

 
(8,708
)
 
823

 
(1,285
)
 
(4,469
)
 
2012
Beginning balance January 1, 2012
$
6,574

 
$
(10,804
)
 
$
1,004

 
$
(1,260
)
 
$
(4,486
)
Net change in other comprehensive income (loss)
$
(161
)
 
$
832

 
$
(36
)
 
$
23

 
$
658

Ending balance March 31, 2012
6,413

 
(9,972
)
 
968

 
(1,237
)
 
(3,828
)

The following table presents reclassifications out of accumulated other comprehensive loss for the period ended March 31, 2013:

Accumulated Other Comprehensive Loss Components
 
Amount Reclassified
 
Affected Line Item in the Consolidated Statements of Income
 
 
(Dollars in thousands)
 
 
Gains and losses on cash flow hedges
 
 
 
 
Interest rate swaps
 
$
1,414

 
Interest on borrowings expense
 
 
1,414

 
Total before tax
 
 
(578
)
 
Tax (expense) benefit
 
 
$
836

 
Net of tax
 
 
 
 
 
Amortization of defined benefit pension items
 
 
 
 
Prior service costs
 
$
22

 
(1)
 
 
(21
)
 
Tax (expense) benefit
 
 
$
1

 
Net of tax
 
 
 
 
 
Total reclassifications for the period
 
$
837

 
Net of tax

(1)
The amortization of prior service costs is included in the computation of net periodic pension cost as disclosed in the Employee Benefit Plans footnote in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission.