|
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.
| |
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
| (Dollars in Thousands) |
|
2013 |
|
2012 |
|
2013 |
|
2012 |
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in net unrealized gain, net of tax benefits of $623, $622, and $127 and $276, respectively |
|
$ |
(992 |
) |
|
$ |
(207 |
) |
|
$ |
(986 |
) |
|
$ |
(454 |
) |
| Reclassification adjustment for security impairment loss realized in net income |
|
|
200 |
|
|
|
— |
|
|
|
200 |
|
|
|
— |
|
| Net Other Comprehensive Loss |
|
$ |
(792 |
) |
|
$ |
(207 |
) |
|
$ |
(786 |
) |
|
$ |
(454 |
) |
Activity in accumulated other comprehensive loss, net of tax, was as follows:
|
(Dollars in Thousands)
|
|
Securities Available for Sale |
|
Retirement
Plans |
|
Accumulated Other Comprehensive Loss, Net of Taxes |
| Balance, January 1, 2013 |
|
$ |
573 |
|
|
$ |
(30,132 |
) |
|
$ |
(29,559 |
) |
| Other comprehensive loss before reclassifications |
|
|
(986 |
) |
|
|
— |
|
|
|
(986 |
) |
| Amounts reclassified from accumulated other comprehensive loss |
|
|
200 |
|
|
|
— |
|
|
|
200 |
|
| Net other comprehensive loss during the period |
|
|
(786 |
) |
|
|
— |
|
|
|
(786 |
) |
| Balance, June 30, 2013 |
|
|
(213 |
) |
|
$ |
(30,132 |
) |
|
$ |
(30,345 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in Thousands)
|
|
|
Securities Available for Sale |
|
|
|
Retirement Plans
|
|
|
|
Accumulated Other Comprehensive Loss, Net of Taxes |
|
| Balance, January 1, 2012 |
|
$ |
1,064 |
|
|
$ |
(24,593 |
) |
|
$ |
(23,529 |
) |
| Other comprehensive loss before reclassifications |
|
|
(454 |
) |
|
|
— |
|
|
|
(454 |
) |
| Amounts reclassified from accumulated other comprehensive loss |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Net other comprehensive loss during the period |
|
|
(454 |
) |
|
|
— |
|
|
|
(454 |
) |
| Balance, June 30, 2012 |
|
|
610 |
|
|
$ |
(24,593 |
) |
|
$ |
(23,983 |
) |
| |
|