Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2014

Comprehensive Income Tables

Schedule of accumulated other comprehensive income

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

($ in thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Unrealized gain (loss) on securities available for sale	$	(1,718	)		(2,021	)		2,982
Deferred tax asset (liability)		671			789			(1,163	)
Net unrealized gain (loss) on securities available for sale		(1,047	)		(1,232	)		1,819
Additional pension asset (liability)		5,081			5,135			(3,576	)
Deferred tax asset (liability)		(1,970	)		(2,003	)		1,395
Net additional pension asset (liability)		3,111			3,132			(2,181	)
Total accumulated other comprehensive income (loss)	$	2,064			1,900			(362	)

Schedule of changes in accumulated other comprehensive income

The following table discloses the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2014 (all amounts are net of tax).

($ in thousands)	Unrealized Gain (Loss) on Securities Available for Sale			Additional Pension Asset (Liability)			Total
Beginning balance at January 1, 2014	$	(1,232	)		3,132			1,900
Other comprehensive income (loss) before reclassifications		185			—			185
Amounts reclassified from accumulated other comprehensive income		—			(21	)		(21	)
Net current-period other comprehensive income (loss)		185			(21	)		164
Ending balance at March 31, 2014	$	(1,047	)		3,111			2,064

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 Asset (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	)