XML 73 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Comprehensive Income and Accumulated Other Comprehensive Income | 6 Months Ended
--- | ---
Jun. 30, 2013
Equity [Abstract] |
Comprehensive Income and Accumulated Other Comprehensive Income | Note 6. Comprehensive Income and Accumulated Other Comprehensive Income Comprehensive income was $3.6 million for the three months ended June 30, 2013, compared to $3.9 million for the three months ended June 30, 2012. Comprehensive income was $11.9 million for the six months ended June 30, 2013, as compared to $13.5 million for the same period in 2012. The difference between net income as reported and comprehensive income was due to changes in unrealized gains and losses, net of tax on available-for-sale securities. The following table presents the changes in the Company’s accumulated other comprehensive income (AOCI) for the three months ended June 30, 2013.
|  | Changes in Net Unrealized Gains on Investment Securities Having No Credit Losses Recognized in the Consolidated Statement of Income |  |  | Changes in Net Unrealized Gains on Investment Securities Having Credit Losses Recognized in the Consolidated Statement of Income |  |  | Total Accumulated Other Comprehensive Income |
|  | (in thousands) |
Balance at March 31, 2013 |  | $ | 2,421 |  |  | $ | 13 |  |  | $ | 2,434 |
Other comprehensive income (loss) before reclassifications |  |  | (4,448 | ) |  |  | — |  |  |  | (4,448 | )
Amounts reclassified from accumulated other comprehensive income |  |  | 388 |  |  |  | — |  |  |  | 388 | )
Net current-period other comprehensive income (loss) |  |  | (4,060 | ) |  |  | — |  |  |  | (4,060 | )
Balance at June 30, 2013 |  | $ | (1,639 | ) |  | $ | 13 |  |  | $ | (1,626 | )
The following table presents the changes in the Company’s accumulated other comprehensive income (AOCI) for the six months ended June 30, 2013.
|  | Changes in Net Unrealized Gains on Investment Securities Having No Credit Losses Recognized in the Consolidated Statement of Income |  |  | Changes in Net Unrealized Gains on Investment Securities Having Credit Losses Recognized in the Consolidated Statement of Income |  |  | Total Accumulated Other Comprehensive Income |
|  | (in thousands) |
Balance at December 31, 2012 |  | $ | 2,966 |  |  | $ | 13 |  |  | $ | 2,979 |
Other comprehensive income (loss) before reclassifications |  |  | (4,867 | ) |  |  | — |  |  |  | (4,867 | )
Amounts reclassified from accumulated other comprehensive income |  |  | 262 |  |  |  | — |  |  |  | 262 | )
Net current-period other comprehensive income (loss) |  |  | (4,605 | ) |  |  | — |  |  |  | (4,605 | )
Balance at June 30, 2013 |  | $ | (1,639 | ) |  | $ | 13 |  |  | $ | (1,626 | )
The following table presents the pretax and related income tax expense (benefit) components of the amounts reclassified from the Company’s accumulated other comprehensive income to the Company’s consolidated statement of income for the three and six months ended June 30, 2013 and 2012.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
|  | (in thousands) |  |  | (in thousands) |
Reclassification adjustments related to unrealized gains on investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Having no credit losses recognized in the consolidated statement of income (1) |  | $ | 597 |  |  | $ | (63 | ) |  | $ | 403 |  |  | $ | (1,136 | )
Income tax expense (2) |  |  | 209 |  |  |  | (22 | ) |  |  | 141 |  |  |  | (397 | )
Net of taxes |  | $ | 388 |  |  | $ | (41 | ) |  | $ | 262 |  |  | $ | (739 | )
Reclassification adjustments related to unrealized gains on investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Having credit losses recognized in the consolidated statement of income (1) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Income tax expense (2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net of taxes |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Total reclassifications |  |  | 597 |  |  |  | (63 | ) |  |  | 403 |  |  |  | (1,135 | )
Total income tax expense |  |  | 209 |  |  |  | (22 | ) |  |  | 141 |  |  |  | (397 | )
Net of taxes |  | $ | 388 |  |  | $ | (41 | ) |  | $ | 262 |  |  | $ | (738 | )
(1) | (Increases) decreases in net realized gains on investments on the consolidated statement of income.
(2) | (Increases) decreases in income tax expense on the consolidated statement of income.
The following table presents the pretax components of other comprehensive income (loss) and related income tax expense for the three and six months ended June 30, 2013 and 2012.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
|  | (in thousands) |  |  | (in thousands) |
Changes in net unrealized gains on investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Having no credit losses recognized in the consolidated statement of income |  | $ | (6,248 | ) |  | $ | 774 |  |  | $ | (7,085 | ) |  | $ | 691 |
Income tax expense |  |  | (2,188 | ) |  |  | 271 |  |  |  | (2,480 | ) |  |  | 242 |
Total other comprehensive income (loss), net of taxes |  | $ | (4,060 | ) |  | $ | 503 |  |  | $ | (4,605 | ) |  | $ | 449 |
Changes in net unrealized gains on investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Having credit losses recognized in the consolidated statement of income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Income tax expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other comprehensive income (loss), net of taxes |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Total other comprehensive income/(loss) |  |  | (6,248 | ) |  |  | 774 |  |  |  | (7,085 | ) |  |  | 692 |
Total Income tax expense |  |  | (2,188 | ) |  |  | 271 |  |  |  | (2,480 | ) |  |  | 242 |
Total other comprehensive income (loss), net of taxes |  | $ | (4,060 | ) |  | $ | 503 |  |  | $ | (4,605 | ) |  | $ | 450 |

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e637-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e681-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e689-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669619-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e640-108580 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e716-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e709-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration