Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME (LOSS)

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OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2013
Other Comprehensive Income (Loss) [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 9 – OTHER COMPREHENSIVE INCOME (LOSS)

 

The amounts allocated to other comprehensive income (loss) are presented in the table below. Reclassification adjustments related to securities held for sale are included in net gain (loss) on securities transactions in the accompanying consolidated statements of comprehensive income. For the periods presented, reclassifications adjustments related to securities held for sale was not material.

 

    Three Months Ended March 31,
(Dollars in Thousands)   2013   2012
Other Comprehensive Income (Loss):                
Securities Available for Sale:                
Change in net unrealized gain, net of tax expense of $1 and tax benefit of $150   $ 6     $ (246 )
Net Other Comprehensive Income (Loss)   $ 6     $ (246 )
                 
The components of accumulated other comprehensive loss, net of tax, as of each period end were as follows:                
                 
Net unrealized gain on securities available for sale   $ 579     $ 818  
Net unfunded liability for defined benefit pension plan and SERP plan     (30,132 )     (24,593 )
Accumulated Other Comprehensive Loss   $ (29,553 )   $ (23,775 )