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Comprehensive Income
3 Months Ended
Mar. 31, 2012
Comprehensive Income  
Comprehensive Income

Note 13 – 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 (loss) for the Company are as follows:

 

($ in thousands)  March 31, 2012   December 31, 2011   March 31, 2011 
Unrealized gain (loss) on securities available for sale  $4,161    3,896    2,654 
    Deferred tax asset (liability)   (1,624)   (1,520)   (1,035)
Net unrealized gain (loss) on securities available for sale   2,537    2,376    1,619 
                
Additional pension liability   (17,968)   (18,278)   (10,757)
    Deferred tax asset   7,099    7,220    4,249 
Net additional pension liability   (10,869)   (11,058)   (6,508)
                
Total accumulated other comprehensive income (loss)  $(8,332)   (8,682)   (4,889)