Comprehensive Income

9 Months Ended

Sep. 30, 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)	September 30, 2013			December 31, 2012			September 30, 2012
Unrealized gain (loss) on securities available for sale	$	(2,018	)		3,290			4,794
Deferred tax asset (liability)		787			(1,283	)		(1,870	)
Net unrealized gain (loss) on securities available for sale		(1,231	)		2,007			2,924
Additional pension liability		(3,545	)		(3,579	)		(17,789	)
Deferred tax asset		1,383			1,396			7,029
Net additional pension liability		(2,162	)		(2,183	)		(10,760	)
Total accumulated other comprehensive income (loss)	$	(3,393	)		(176	)		(7,836	)

The following table discloses the changes in accumulated other comprehensive income (loss) for the nine months ended September 30, 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		(3,238	)		—			(3,238	)
Amounts reclassified from accumulated other comprehensive income		—			21			21
Net current-period other comprehensive income (loss)		(3,238	)		21			(3,217	)
Ending balance at September 30, 2013	$	(1,231	)		(2,162	)		(3,393	)