Change in Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Change in Accumulated Other Comprehensive Income

11. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income includes unrealized gains and losses on available-for-sale investments, unrealized gains and losses on interest-only strips, and unrecognized prior service costs on BOLI. Changes to other accumulated other comprehensive income are presented net of tax effect as a component of equity. Reclassification out of accumulated other comprehensive is recorded on the statement of operations either as a gain or loss.

Changes to accumulated other comprehensive income by component are shown net of taxes in the following tables for the period indicated:

	Net unrealized
	gains on			Net unrealized
	investment			losses on defined
	securities			benefit pension
(in thousands)	available-for-sale			plan			Total
Balance, June 30, 2013	$	(12,309	)	$	(472	)	$	(12,781	)
Other comprehensive loss before reclassifications		(3,106	)		—			(3,106	)
Less: Amounts reclassified from accumulated other comprehensive loss		(190	)		—			(190	)
Net current-period other comprehensive loss		(3,296	)		—			(3,296	)
Balance, September 30, 2013	$	(15,605	)	$	(472	)	$	(16,077	)
Balance, June 30, 2012	$	9,767		$	(472	)	$	9,295
Other comprehensive income before reclassifications		9,558			—			9,558
Less: Amounts reclassified from accumulated other comprehensive loss		(1,520	)		—			(1,520	)
Net current-period other comprehensive loss		8,038			—			8,038
Balance, September 30, 2012	$	17,805		$	(472	)	$	17,333

	Net unrealized
	gains on			Net unrealized
	investment			losses on defined
	securities			benefit pension
(in thousands)	available-for-sale			plan			Total
Balance, December 31, 2012	$	13,415		$	(472	)	$	12,943
Other comprehensive loss before reclassifications		(27,249	)		—			(27,249	)
Less: Amounts reclassified from accumulated other comprehensive loss		(1,771	)		—			(1,771	)
Net current-period other comprehensive loss		(29,020	)		—			(29,020	)
Balance, September 30, 2013	$	(15,605	)	$	(472	)	$	(16,077	)
Balance, December 31, 2011	$	11,674		$	(472	)	$	11,202
Other comprehensive income before reclassifications		17,165			—			17,165
Less: Amounts reclassified from accumulated other comprehensive loss		(11,034	)		—			(11,034	)
Net current-period other comprehensive income		6,131			—			6,131
Balance, September 30, 2012	$	17,805		$	(472	)	$	17,333

The statement of operations impacted by components of other comprehensive income are presented in the table below.

	Three Months Ended September 30,						Affected line item in Statements of Operations
(in thousands)	2013			2012
Securities available-for-sale:
Realized gains on securities transactions	$	306		$	2,451		Securities gains, net
Income taxes		(116	)		(931	)	Income tax provision
Net of tax	$	190		$	1,520
	Nine Months Ended September 30,						Affected line item in Statements of Operations
		2013			2012
Securities available-for-sale:
Realized gains on securities transactions	$	2,856		$	17,797		Securities gains, net
Income taxes		(1,085	)		(6,763	)	Income tax provision
Net of tax	$	1,771		$	11,034