Comprehensive Income

6 Months Ended

Jun. 30, 2011

Note 9. Comprehensive Income

The components of the Company’s comprehensive income, net of deferred income taxes, for the three- and six-month periods ended June 30, 2011 and 2010, are as follows:


	For the Three Months						For the Six Months
	Ended June 30,						Ended June 30,
(In Thousands)	2011			2010			2011			2010
Net income	$	5,728		$	5,131		$	11,479		$	10,409
Other comprehensive income
Unrealized (loss) gain on securities available-for-sale with other-than-temporary impairment		(964	)		(164	)		(21	)		3
Unrealized gain on securities available-for-sale without other-than-temporary impairment		6,357			5,435			12,479			13,319
Reclassification adjustment for gains realized in net income		(2,574	)		(1,201	)		(5,060	)		(1,451	)
Reclassification adjustment for credit related other-than-temporary impairments recognized in earnings		—			185			527			185
Unrealized gain on derivative contract		—			596			30			1,020
Income tax effect		(1,050	)		(1,807	)		(2,963	)		(4,871	)

Total other comprehensive income		1,769			3,044			4,992			8,205

Comprehensive income	$	7,497		$	8,175		$	16,471		$	18,614

- Definition

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 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. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14-26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Topic 220
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+ Details