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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Notes to Financial Statements

Schedule of reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share

The following is a reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share:

		For the Years Ended December 31,
		2013												2012												2011
($ in thousands, except per share amounts)		Income (Numer- ator)				Shares (Denom- inator)				Per Share Amount				Income (Numer- ator)				Shares (Denom- inator)				Per Share Amount				Income (Numer- ator)				Shares (Denom- inator)				Per Share Amount

Basic EPS
Net income (loss) available to common shareholders		$	19,804				19,675,597			$	1.01			$	(26,215	)			17,049,513			$	(1.54	)		$	7,476				16,856,072			$	0.44

Effect of dilutive securities			233				728,706								—				—								—				27,172

Diluted EPS per common share		$	20,037				20,404,303			$	0.98			$	(26,215	)			17,049,513			$	(1.54	)		$	7,476				16,883,244			$	0.44

Schedule of accumulated other comprehensive income

The components of accumulated other comprehensive income (loss) for the Company are as follows:

($ in thousands)		December 31, 2013				December 31, 2012				December 31, 2011
Unrealized gain (loss) on securities available for sale		$	(2,021	)			3,290				3,896
Deferred tax asset (liability)			789				(1,283	)			(1,520	)
Net unrealized gain (loss) on securities available for sale			(1,232	)			2,007				2,376

Additional pension asset (liability)			5,135				(3,579	)			(18,278	)
Deferred tax asset (liability)			(2,003	)			1,396				7,220
Net additional pension asset (liability)			3,132				(2,183	)			(11,058	)

Total accumulated other comprehensive income (loss)		$	1,900				(176	)			(8,682	)

Schedule of changes in accumulated other comprehensive income

The following table discloses the changes in accumulated other comprehensive income (loss) for the year ended December 31, 2013 (all amounts are net of tax).

($ in thousands)		Unrealized Gain (Loss) on Securities Available for Sale				Additional Pension Asset (Liability)				Total
Beginning balance at January 1, 2013		$	2,007				(2,183	)			(176	)
Other comprehensive income (loss) before reclassifications			(3,239	)			—				(3,239	)
Amounts reclassified from accumulated other comprehensive income			—				5,315				5,315
Net current-period other comprehensive income (loss)			(3,239	)			5,315				2,076

Ending balance at December 31, 2013		$	(1,232	)			3,132				1,900