CHANGES IN AND RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 12 Months Ended
Dec. 31, 2013
CHANGES IN AND RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
Schedule of changes in the balances of each component of accumulated other comprehensive income

 

 

 

Net unrealized

 

 

 

 

 

 

 

holding gains
(losses) on

 

 

 

 

 

 

 

available-for-sale

 

Defined benefit

 

 

 

(Dollars in thousands)

 

securities

 

pension plan items

 

Total

 

 

 

 

 

 

 

 

 

Beginning balance, January 1, 2013

 

$

18,703

 

$

(25,730

)

$

(7,027

)

Changes in other comprehensive loss before reclassifications

 

(22,993

)

7,981

 

(15,012

)

Amount reclassified from accumulated other comprehensive loss

 

(788

)

1,473

 

685

 

Net current-period other comprehensive (loss) income

 

(23,781

)

9,454

 

(14,327

)

Ending balance, December 31, 2013

 

$

(5,078

)

$

(16,276

)

$

(21,354

)
Schedule of reclassifications out of AOCI by component

 

For the Year Ended December 31, 2013

(Dollars in thousands)

 

Details about accumulated

 

Amount reclassified

 

Affected line item in

 

other comprehensive loss

 

from accumulated other

 

the consolidated statements

 

components

 

comprehensive loss

 

of operations

 

Unrealized gains and losses on available-for-sale securities

 

 

 

 

 

 

 

$

(1,247

)

Net gain on sale of investment securities

 

 

 

459

 

Income tax expense

 

 

 

$

(788

)

Net of tax

 

 

 

 

 

 

 

Amortization of defined benefit pension items

 

 

 

 

 

Transition obligation

 

164

(1)

Other non-interest expense

 

Prior service costs

 

(527

)(1)

Other non-interest expense

 

Net recognized actuarial losses

 

2,614

(1)

Other non-interest expense

 

 

 

2,251

 

Total before tax

 

 

 

(778

)

Income tax benefit

 

 

 

1,473

 

Net of tax

 

 

(1)        These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost.  See Note 17 - Pension and Other Postretirement Benefits for additional details.