Comprehensive Income(Loss)

9 Months Ended

Sep. 30, 2011

Comprehensive Income(Loss) [Abstract]

COMPREHENSIVE INCOME(LOSS)

NOTE 9 — COMPREHENSIVE INCOME(LOSS)

     Information on the Company’s comprehensive income(loss), presented net of taxes, is set forth below for the three and nine months ended September 30, 2011 and 2010:

	Three Months Ended September 30, 2011									Nine Months Ended September 30, 2011
	Pre Tax			Tax Expense			After Tax			Pre Tax			Tax Expense			After Tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in Thousands)									(Dollars in Thousands)
Change in Fair Value of Securities Available for Sale	$	(412	)	$	(184	)	$	(228	)	$	879		$	334		$	545
Net Security Gains (Losses) Reclassified into Earnings		28	(1)		11			17			(519	) (1)		(202	)		(317	)
Net Change in Fair Value of Securities Available for Sale		(384	)		(173	)		(211	)		360			132			228
Change in Fair Value of Cash Flow Hedges		(6,947	) (2)		(2,837	)		(4,110	)		(11,016	) (2)		(4,498	)		(6,518	)
Net Cash Flow Hedge Gains Reclassified into Earnings		1,467			599			868			4,065			1,699			2,366
Net Change in Fair Value of Cash Flow Hedges		(5,480	)		(2,238	)		(3,242	)		(6,951	)		(2,799	)		(4,152	)
Amortization of Certain Costs Included in Net Periodic Retirement Costs		131			53			78			473			143			330
TOTAL OTHER COMPREHENSIVE LOSS	$	(5,733	)	$	(2,358	)	$	(3,375	)	$	(6,118	)	$	(2,524	)	$	(3,594	)

	Three Months Ended September 30, 2010									Nine Months Ended September 30, 2010
	Pre Tax			Tax Expense			After Tax			Pre Tax			Tax Expense			After Tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in Thousands)									(Dollars in Thousands)
Change in Fair Value of Securities Available for Sale	$	(2,354	)	$	(890	)	$	(1,464	)	$	5,176		$	2,028		$	3,148
Net Security Gains (Losses) Reclassified into Earnings		29	(1)		10			19			(190	)(1)		(55	)		(135	)
Net Change in Fair Value of Securities Available for Sale		(2,325	)		(880	)		(1,445	)		4,986			1,973			3,013
Change in Fair Value of Cash Flow Hedges		(5,692	) (2)		(2,325	)		(3,367	)		(17,430	) (2)		(7,120	)		(10,310	)
Net Cash Flow Hedge Gains Reclassified into Earnings		948			387			561			2,926			1,206			1,720
Net Change in Fair Value of Cash Flow Hedges		(4,744	)		(1,938	)		(2,806	)		(14,504	)		(5,914	)		(8,590	)
Amortization of Certain Costs Included in Net Periodic Retirement Costs		40			16			24			118			48			70
TOTAL OTHER COMPREHENSIVE LOSS	$	(7,029	)	$	(2,802	)	$	(4,227	)	$	(9,400	)	$	(3,893	)	$	(5,507	)

(1)

Net security losses represent pre-tax OTTI credit related losses of $28,000 and $7,000 for the three months ended September 30, 2011 and 2010, respectively and there w ere no gains or losses and $22,000 in losses on sales of securities for the three months ended September 30, 2011 and 2010, respectively . For the nine months ended September 30, 2011 and 2010, net security losses represent pre-tax OTTI credit related losses of $204,000 and $269,000 and net gains on sales of securities of $723,000 and $458,000, respectively .

(2)

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 $1.3 million, net of tax will be recognized in earnings through December 2018, the original maturity date of the swap. The balance of this gain had amortized to $1.0 million and $1.2 million at September 30, 2011 and 2010, respectively .

Accumulated Other Comprehensive Loss, net of tax, is comprised of the following components:

	At September 30,
	2011			2010
	(Dollars in Thousands)
Unrealized gain on securities available for sale	$	6,533		$	7,406
Net actuarial loss and prior service cost for pension and other post retirement benefit plans		(764	)		(1,142	)
Unrealized loss on cash flow hedge		(11,169	)		(10,202	)
Deferred gain on hedge accounting transactions		1,040			1,184
TOTAL	$	(4,360	)	$	(2,754	)