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Stockholders' Equity
 6 Months Ended
Jun. 30, 2014
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
(7) Stockholders’ Equity

 

Accumulated Other Comprehensive Income (Loss)

 

The following details the change in the components of the Company’s accumulated other comprehensive income (loss) for the six months ended June 30, 2014 and 2013: 

 

                Accumulated  
          Unrecognized Net     Other  
    Unrealized     Pension and     Comprehensive  
    Gain (Loss)     Postretirement     (Loss)  
(in thousands)   on Securities (1)     Costs (2)     Income  
Balance, December 31, 2013   $ (1,491 )   $ 722     $ (769 )
Other comprehensive income, before reclassifications     2,468       0       2,468  
Amounts reclassified from accumulated other comprehensive income     0       39       39  
Current period other comprehensive income, before tax     2,468       39       2,507  
Income tax expense     (938 )     (15 )     (953 )
Current period other comprehensive income, net of tax     1,530       24       1,554  
Balance, June 30, 2014   $ 39     $ 746     $ 785  
                         
Balance, December 31, 2012   $ 3,265     $ (1,440 )   $ 1,825  
Other comprehensive (loss) income, before reclassifications     (5,347 )     0       (5,347 )
Amounts reclassified from accumulated other comprehensive income     (554 )     54       (500 )
Current period other comprehensive (loss) income, before tax     (5,901 )     54       (5,847 )
Income tax benefit (expense)     2,296       (21 )     2,275  
Current period other comprehensive (loss) income, net of tax     (3,605 )     33       (3,572 )
Balance, June 30, 2013   $ (340 )   $ (1,407 )   $ (1,747 )

 

(1) The pre-tax amounts reclassified from accumulated other comprehensive income (loss) are included in gain on sale of investment securities in the consolidated statements of income.

(2) The pre-tax amounts reclassified from accumulated other comprehensive income (loss) are included in the computation of net periodic pension cost.