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Change in Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)

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

 

                                                           
     Net unrealized              
     (losses) gains on     Net unrealized        
     investment     losses on defined        
     securities     benefit pension        
(in thousands)    available-for-sale     plan     Total  

Balance, December 31, 2013

   $ (20,822   $ (472   $ (21,294

Other comprehensive income (loss) before reclassifications

     9,145       —         9,145  

Less: Amounts reclassified from accumulated other comprehensive income (loss)

     (358     —         (358
  

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income (loss)

     8,787       —         8,787  
  

 

 

   

 

 

   

 

 

 

Balance, March 31, 2014

   $ (12,035   $ (472   $ (12,507
  

 

 

   

 

 

   

 

 

 

Balance, December 31, 2012

   $ 13,415      $ (472   $ 12,943   

Other comprehensive income (loss) before reclassifications

     (4,827     —         (4,827

Less: Amounts reclassified from accumulated other comprehensive income (loss)

     (1,019     —         (1,019
  

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income (loss)

     (5,846     —         (5,846
  

 

 

   

 

 

   

 

 

 

Balance, March 31, 2013

   $ 7,569      $ (472   $ 7,097   
  

 

 

   

 

 

   

 

 

 
Components of Other Comprehensive Income

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

 

                                               
     Three Months Ended
March 31,
    Affected line item in
Statements of
Operations
(in thousands)    2014     2013      

Securities available-for-sale:

      

Realized gains on securities transactions

   $ 578      $ 1,644      Securities gains, net

Income taxes

     (220     (625   Income tax provision
  

 

 

   

 

 

   

Net of tax

   $ 358      $ 1,019