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Comprehensive Income
 6 Months Ended
Jun. 30, 2012
Comprehensive Income  
Comprehensive Income

Note 12 – 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)   June 30, 2012     December 31, 2011     June 30, 2011  
Unrealized gain (loss) on securities available for sale   $ 4,348       3,896       3,790  
    Deferred tax asset (liability)     (1,694 )     (1,520 )     (1,478 )
Net unrealized gain (loss) on securities available for sale     2,654       2,376       2,312  
                         
Additional pension liability     (17,879 )     (18,278 )     (10,608 )
    Deferred tax asset     7,064       7,220       4,190  
Net additional pension liability     (10,815 )     (11,058 )     (6,418 )
                         
Total accumulated other comprehensive income (loss)   $ (8,161 )     (8,682 )     (4,106 )