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Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Other Comprehensive Income (Loss)

NOTE 14 – OTHER COMPREHENSIVE INCOME (LOSS)

The following table provides the components of other comprehensive income (loss) on a pretax and after-tax basis for the period presented (in thousands):

 

     Year Ended December 31, 2013  
     Pre-tax     Tax     After-tax  

Net unrealized gains (losses) on investments available for sale arising during the year

   $ 685      $ 264      $ 421   

Amounts reclassified from accumulated other
comprehensive income (loss)

     (1,297     (500     (797
  

 

 

   

 

 

   

 

 

 

Net current period other comprehensive income (loss)

   ($ 612   ($ 236   ($ 376
  

 

 

   

 

 

   

 

 

 

There were no amounts of other comprehensive income for the years ended December 31, 2012 and 2011 and there were no amounts of accumulated other comprehensive income as of December 31, 2012.

 

The following table provides the reclassifications out of accumulated other comprehensive income for the period presented (in thousands):

 

Year Ended December 31, 2013

Details about Accumulated Other

Comprehensive Income Components

   Amounts Reclassified from
Accumulated
Other Comprehensive Income
   

Affected Line Item in the Statement

Where Net Income is Presented

Unrealized gains (losses) on investments available for sale

    
   $ 1,297      Net realized gains (losses) on investments
     (500   Tax (expense) or benefit
  

 

 

   

Total reclassification for the year

   $ 797      Net of tax