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Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 30, 2014
Accumulated Other Comprehensive Loss [Abstract] |
Schedule of 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)
Components of Comprehensive Income | 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)
Reclassification Out of Accumulated Other Comprehensive Income | 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 Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669686-108580 + Details
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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (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 -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e526-108580 + Details
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