Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 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)	June 30, 2014			December 31, 2013			June 30, 2013
Unrealized gain (loss) on securities available for sale	$	(1,755	)		(2,021	)		1,123
Deferred tax asset (liability)		685			789			(438	)
Net unrealized gain (loss) on securities available for sale		(1,070	)		(1,232	)		685
Additional pension asset (liability)		5,025			5,135			(3,561	)
Deferred tax asset (liability)		(1,937	)		(2,003	)		1,389
Net additional pension asset (liability)		3,088			3,132			(2,172	)
Total accumulated other comprehensive income (loss)	$	2,018			1,900			(1,487	)

Schedule of changes in accumulated other comprehensive income

The following table discloses the changes in accumulated other comprehensive income (loss) for the six months ended June 30, 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		642			—			642
Amounts reclassified from accumulated other comprehensive income		(480	)		(44	)		(524	)
Net current-period other comprehensive income (loss)		162			(44	)		118
Ending balance at June 30, 2014	$	(1,070	)		3,088			2,018

The following table discloses the changes in accumulated other comprehensive income (loss) for the six months ended June 30, 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		(1,318	)		—			(1,318	)
Amounts reclassified from accumulated other comprehensive income		(4	)		11			7
Net current-period other comprehensive income (loss)		(1,322	)		11			(1,311	)
Ending balance at June 30, 2013	$	685			(2,172	)		(1,487	)