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Comprehensive Income
 12 Months Ended
Dec. 31, 2011
Comprehensive Income [Abstract]  
Comprehensive Income
Note 17. Comprehensive Income

The components of the Company’s comprehensive income, net of deferred income taxes, for the three years ended December 31, 2011, were as follows:

 

                         
    2011     2010     2009  
(Amounts in thousands)                  

Net income (loss)

   $ 20,028     $ 21,847     $ (38,696 ) 

Other comprehensive income

                        

Unrealized (loss) gain on securities available-for-sale with other-than-temporary impairment

     (1,247 )      194       (28 ) 

Unrealized gain (loss) on securities available-for-sale without other-than-temporary impairment

     12,948       8,419       (9,351 ) 

Reclassification adjustment for (gains) losses recognized in earnings

     (5,264 )      (8,273 )      11,673  

Reclassification adjustment for credit related other-than-temporary impairments recognized in earnings

     2,285       185       78,863  

Cumulative effect of change in accounting principle

     —         —         (9,771 ) 

Unrealized gain on derivative securities

     30       2,078       1,073  

Change related to employee benefit plans

     (1,004 )      (273 )      (752 ) 

Income tax effect

     (2,886 )      (868 )      (26,711 ) 
   

 

 

    

 

 

    

 

 

  

Total other comprehensive income

     4,862       1,462       44,996  
   

 

 

    

 

 

    

 

 

  

Comprehensive income

   $ 24,890     $ 23,309     $ 6,300  
   

 

 

    

 

 

    

 

 

  

The components of the Company’s accumulated other comprehensive loss, net of income taxes, as of December 31, 2011 and 2010, were as follows:

 

                                 
    Unrealized     Unrealized Loss     Benefit     Accumulated  Other
Comprehensive
Loss		  
    Loss     on Cash Flow     Plan    
    on Securities     Hedge Derivative     Liability    
(Amounts in thousands)                        

December 31, 2011

   $ (5,741 )    $ —       $ (1,587 )    $ (7,328 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

December 31, 2010

   $ (11,213 )    $ (20 )    $ (957 )    $ (12,190 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

December 31, 2009

   $ (11,543 )    $ (1,323 )    $ (786 )    $ (13,652 )