Comprehensive Income

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Comprehensive Income

Note 13 – Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity during a period for non-owner transactions and is divided into net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) includes revenues, expenses, gains, and losses that are excluded from earnings under current accounting standards. The components of accumulated other comprehensive income (loss) for the Company are as follows:

($ in thousands)	March 31, 2013			December 31, 2012			March 31, 2012
Unrealized gain (loss) on securities available for sale	$	2,982			3,290			4,161
Deferred tax asset (liability)		(1,163	)		(1,283	)		(1,624	)
Net unrealized gain (loss) on securities available for sale		1,819			2,007			2,537
Additional pension liability		(3,576	)		(3,579	)		(17,968	)
Deferred tax asset		1,395			1,396			7,099
Net additional pension liability		(2,181	)		(2,183	)		(10,869	)
Total accumulated other comprehensive income (loss)	$	(362	)		(176	)		(8,332	)

The following table discloses the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2013 (all amounts are net of tax).

($ in thousands)	Unrealized Gain (Loss) on Securities Available for Sale			Additional Pension Liability			Total
Beginning balance at January 1, 2013	$	2,007			(2,183	)		(176	)
Other comprehensive income (loss) before reclassifications		(188	)		—			(188	)
Amounts reclassified from accumulated other comprehensive income		—			2			2
Net current-period other comprehensive income (loss)		(188	)		2			(186	)
Ending balance at March 31, 2013	$	1,819			(2,181	)		(362	)