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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 30, 2014
Accumulated Other Comprehensive Loss [Abstract] |
Accumulated Other Comprehensive Loss | Note 10 – Accumulated Other Comprehensive Loss The following table presents the changes in each component of accumulated other comprehensive loss for the 12 months ended December 31, 2013 and each of the three- month periods ended March 31, 2014 and June 30, 2014:
(in thousands) | Investment securities- with OTTI AFS | Investment securities- all other AFS |  | Investment securities- HTM | Cash Flow Hedge | Pension Plan | SERP | Total
Accumulated OCL, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance - January 1, 2013 | $ | (10,036) | $ | (2,966) | $ | 0 | $ | (507) | $ | (8,262) | $ | (52) | $ | (21,823)
Other comprehensive income/(loss) before reclassifications |  | 2,735 |  | (8,279) |  | 0 |  | 233 |  | 2,871 |  | 102 |  | (2,338)
Amounts reclassified from accumulated other comprehensive income |  | (322) |  | (47) |  | 0 |  | 0 |  | 303 |  | 14 |  | (52)
Balance - December 31, 2013 | $ | (7,623) | $ | (11,292) | $ | 0 | $ | (274) | $ | (5,088) | $ | 64 | $ | (24,213)
Other comprehensive income/(loss) before reclassifications |  | 2,730 |  | 2,995 |  | 0 |  | 55 |  | (179) |  | 0 |  | 5,601
Amounts reclassified from accumulated other comprehensive income |  | (96) |  | 41 |  | 0 |  | 0 |  | 52 |  | 1 |  | (2)
Balance – March 31, 2014 | $ | (4,989) | $ | (8,256) | $ | 0 | $ | (219) | $ | (5,215) | $ | 65 | $ | (18,614)
Other comprehensive income/(loss) before reclassifications |  | 511 |  | 5,254 |  | (2,391) |  | 56 |  | 112 |  | 0 |  | 3,542
Amounts reclassified from accumulated other comprehensive income |  | (103) |  | 52 |  | 19 |  | 0 |  | 52 |  | 0 |  | 20
Balance – June 30, 2014 | $ | (4,581) | $ | (2,950) | $ | (2,372) | $ | (163) | $ | (5,051) | $ | 65 | $ | (15,052)
The following tables present the components of comprehensive income for the six- and three- months ended June 30, 2014 and 2013:
Components of Comprehensive Income (in thousands) | Before Tax Amount | Tax (Expense) Benefit | Net
For the six months ended June 30, 2014 |  |  |  |  |  |
Available for sale (AFS) securities with OTTI: |  |  |  |  |  |
Unrealized holding gains | $ | 5,401 | $ | (2,160) | $ | 3,241
Less: accretable yield recognized in income |  | 331 |  | (132) |  | 199
Net unrealized gains on investments with OTTI |  | 5,070 |  | (2,028) |  | 3,042
Available for sale securities – all other: |  |  |  |  |  |
Unrealized holding gains |  | 13,743 |  | (5,494) |  | 8,249
Less: losses recognized in income |  | (154) |  | 61 |  | (93)
Net unrealized gains on all other AFS securities |  | 13,897 |  | (5,555) |  | 8,342
Held to maturity securities: |  |  |  |  |  |
Unrealized holding losses |  | (3,984) |  | 1,593 |  | (2,391)
Less: amortization recognized in income |  | (32) |  | 13 |  | (19)
Net unrealized losses on HTM securities |  | (3,952) |  | 1,580 |  | (2,372)
Cash flow hedges: |  |  |  |  |  |
Unrealized holding gains |  | 185 |  | (74) |  | 111
Pension Plan: |  |  |  |  |  |
Unrealized net actuarial loss |  | (112) |  | 45 |  | (67)
Less: amortization of unrecognized loss |  | (187) |  | 75 |  | (112)
Less: amortization of transition asset |  | 20 |  | (8) |  | 12
Less: amortization of prior service costs |  | (6) |  | 2 |  | (4)
Net pension plan liability adjustment |  | 61 |  | (24) |  | 37
SERP: |  |  |  |  |  |
Unrealized net actuarial loss |  | 0 |  | 0 |  | 0
Less: amortization of unrecognized gain |  | 9 |  | (4) |  | 5
Less: amortization of prior service costs |  | (10) |  | 4 |  | (6)
Net SERP liability adjustment |  | 1 |  | 0 |  | 1
Other comprehensive income | $ | 15,262 | $ | (6,101) | $ | 9,161
Components of Comprehensive Income/(Loss) (in thousands) | Before Tax Amount | Tax (Expense) Benefit | Net
For the six months ended June 30, 2013 |  |  |  |  |  |
Available for sale (AFS) securities with OTTI: |  |  |  |  |  |
Unrealized holding gains | $ | 2,618 | $ | (1,051) | $ | 1,567
Less: accretable yield recognized in income |  | 265 |  | (106) |  | 159
Net unrealized gains on investments with OTTI |  | 2,353 |  | (945) |  | 1,408
Available for sale securities – all other: |  |  |  |  |  |
Unrealized holding losses |  | (9,348) |  | 3,755 |  | (5,593)
Less: gains recognized in income |  | 227 |  | (91) |  | 136
Net unrealized losses on all other AFS securities |  | (9,575) |  | 3,846 |  | (5,729)
Cash flow hedges: |  |  |  |  |  |
Unrealized holding gains |  | 230 |  | (92) |  | 138
Pension Plan: |  |  |  |  |  |
Unrealized net actuarial loss |  | (100) |  | 39 |  | (61)
Less: amortization of unrecognized loss |  | (266) |  | 106 |  | (160)
Less: amortization of transition asset |  | 20 |  | (8) |  | 12
Less: amortization of prior service costs |  | (6) |  | 2 |  | (4)
Net pension plan liability adjustment |  | 152 |  | (61) |  | 91
SERP: |  |  |  |  |  |
Unrealized net actuarial loss |  | 0 |  | 0 |  | 0
Less: amortization of unrecognized loss |  | (2) |  | 1 |  | (1)
Less: amortization of prior service costs |  | (10) |  | 4 |  | (6)
Net SERP liability adjustment |  | 12 |  | (5) |  | 7
Other comprehensive loss | $ | (6,828) | $ | 2,743 | $ | (4,085)
Components of Comprehensive Income (in thousands) | Before Tax Amount | Tax (Expense) Benefit | Net
For the three months ended June 30, 2014 |  |  |  |  |  |
Available for sale (AFS) securities with OTTI: |  |  |  |  |  |
Unrealized holding gains | $ | 852 | $ | (341) | $ | 511
Less: accretable yield recognized in income |  | 171 |  | (68) |  | 103
Net unrealized gains on investments with OTTI |  | 681 |  | (273) |  | 408
Available for sale securities – all other: |  |  |  |  |  |
Unrealized holding gains |  | 8,753 |  | (3,499) |  | 5,254
Less: losses recognized in income |  | (86) |  | 34 |  | (52)
Net unrealized gains on all other AFS securities |  | 8,839 |  | (3,533) |  | 5,306
Held to maturity securities: |  |  |  |  |  |
Unrealized holding losses |  | (3,984) |  | 1,593 |  | (2,391)
Less: amortization recognized in income |  | (32) |  | 13 |  | (19)
Net unrealized losses on HTM securities |  | (3,952) |  | 1,580 |  | (2,372)
Cash flow hedges: |  |  |  |  |  |
Unrealized holding gains |  | 93 |  | (37) |  | 56
Pension Plan: |  |  |  |  |  |
Unrealized net actuarial gain |  | 186 |  | (74) |  | 112
Less: amortization of unrecognized loss |  | (94) |  | 38 |  | (56)
Less: amortization of transition asset |  | 10 |  | (4) |  | 6
Less: amortization of prior service costs |  | (3) |  | 1 |  | (2)
Net pension plan liability adjustment |  | 273 |  | (109) |  | 164
SERP: |  |  |  |  |  |
Unrealized net actuarial loss |  | 0 |  | 0 |  | 0
Less: amortization of unrecognized gain |  | 5 |  | (1) |  | 4
Less: amortization of prior service costs |  | (5) |  | 1 |  | (4)
Net SERP liability adjustment |  | 0 |  | 0 |  | 0
Other comprehensive income | $ | 5,934 | $ | (2,372) | $ | 3,562
Components of Comprehensive Income/(Loss) (in thousands) | Before Tax Amount | Tax (Expense) Benefit | Net
For the three months ended June 30, 2013 |  |  |  |  |  |
Available for sale (AFS) securities with OTTI: |  |  |  |  |  |
Unrealized holding gains | $ | 830 | $ | (333) | $ | 497
Less: accretable yield recognized in income |  | 139 |  | (55) |  | 84
Net unrealized gains on investments with OTTI |  | 691 |  | (278) |  | 413
Available for sale securities – all other: |  |  |  |  |  |
Unrealized holding losses |  | (9,154) |  | 3,677 |  | (5,477)
Less: gains recognized in income |  | (23) |  | 10 |  | (13)
Net unrealized losses on all other AFS securities |  | (9,131) |  | 3,667 |  | (5,464)
Cash flow hedges: |  |  |  |  |  |
Unrealized holding gains |  | 129 |  | (51) |  | 78
Pension Plan: |  |  |  |  |  |
Unrealized net actuarial loss |  | (1,169) |  | 469 |  | (700)
Less: amortization of unrecognized loss |  | (133) |  | 53 |  | (80)
Less: amortization of transition asset |  | 10 |  | (4) |  | 6
Less: amortization of prior service costs |  | (3) |  | 1 |  | (2)
Net pension plan liability adjustment |  | (1,043) |  | 419 |  | (624)
SERP: |  |  |  |  |  |
Unrealized net actuarial loss |  | 0 |  | 0 |  | 0
Less: amortization of unrecognized loss |  | (1) |  | 0 |  | (1)
Less: amortization of prior service costs |  | (5) |  | 3 |  | (2)
Net SERP liability adjustment |  | 6 |  | (3) |  | 3
Other comprehensive loss | $ | (9,348) | $ | 3,754 | $ | (5,594)
The following table presents the details of accumulated other comprehensive income components for the six- and three-month periods ended June 30, 2014:
| Amount Reclassified from Accumulated Other Comprehensive Income |  |
Details of Accumulated Other Comprehensive Income Components (in thousands) | For the six months ended June 30, 2014 | For the three months ended June 30, 2014 |  | Affected Line Item in the Statement Where Net Income is Presented
Unrealized gains and losses on investment securities with OTTI: |  |  |  |  |  |
Accretable Yield | $ | 331 | $ | 171 |  | Interest income on taxable investment securities
Taxes |  | (132) |  | (68) |  | Tax expense
| $ | 199 | $ | 103 |  | Net of tax
Unrealized gains and losses on available for sale investment securities - all others: |  |  |  |  |  |
Losses on sales | $ | (154) | $ | (86) |  | Net gains - other
Taxes |  | 61 |  | 34 |  | Tax benefit
| $ | (93) | $ | (52) |  | Net of tax
Unrealized gains and losses on held to maturity securities: |  |  |  |  |  |
Amortization | $ | (32) | $ | (32) |  | Interest income on taxable investment securities
Taxes |  | 13 |  | 13 |  | Tax expense
| $ | (19) | $ | (19) |  | Net of tax
Net pension plan liability adjustment: |  |  |  |  |  |
Amortization of unrecognized loss |  | (187) |  | (94) |  | Salaries and employee benefits
Amortization of transition asset |  | 20 |  | 10 |  | Salaries and employee benefits
Amortization of prior service costs |  | (6) |  | (3) |  | Salaries and employee benefits
Taxes |  | 69 |  | 35 |  | Tax benefit
| $ | (104) | $ | (52) |  | Net of tax
Net SERP liability adjustment: |  |  |  |  |  |
Amortization of unrecognized gain |  | 9 |  | 5 |  | Salaries and employee benefits
Amortization of prior service costs |  | (10) |  | (5) |  | Salaries and employee benefits
Taxes |  | 0 |  | 0 |  | Tax benefit
| $ | (1) | $ | 0 |  | Net of tax
Total reclassifications for the period | $ | (18) | $ | (20) |  | Net of tax

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- 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
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