Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2014

The following table presents the activity in accumulated other comprehensive income (“AOCI”), net of tax, by component for the periods indicated:


(Amounts in thousands)	Unrealized Gains (Losses) on Available-for-Sale Securities			Employee Benefit Plan			Total
Three months ended June 30, 2013
Beginning balance	$	(1,182	)	$	(1,738	)	$	(2,920	)
Other comprehensive (loss) gain before reclassifications		(9,206	)		28			(9,178	)
Reclassified from AOCI		71			(51	)		20

Net comprehensive loss		(9,135	)		(23	)		(9,158	)

Ending balance	$	(10,317	)	$	(1,761	)	$	(12,078	)

Three months ended June 30, 2014
Beginning balance	$	(9,645	)	$	(1,042	)	$	(10,687	)
Other comprehensive gain before reclassifications		4,104			81			4,185
Reclassified from AOCI		(195	)		(40	)		(235	)

Net comprehensive gain		3,909			41			3,950

Ending balance	$	(5,736	)	$	(1,001	)	$	(6,737	)


(Amounts in thousands)	Unrealized Gains (Losses) on Available-for-Sale Securities			Employee Benefit Plan			Total
Six months ended June 30, 2013
Beginning balance	$	(283	)	$	(1,542	)	$	(1,825	)
Other comprehensive loss before reclassifications		(10,178	)		(117	)		(10,295	)
Reclassified from AOCI		144			(102	)		42

Net comprehensive loss		(10,034	)		(219	)		(10,253	)

Ending balance	$	(10,317	)	$	(1,761	)	$	(12,078	)

Six months ended June 30, 2014
Beginning balance	$	(13,640	)	$	(1,100	)	$	(14,740	)
Other comprehensive gain before reclassifications		8,236			179			8,415
Reclassified from AOCI		(332	)		(80	)		(412	)

Net comprehensive gain		7,904			99			8,003

Ending balance	$	(5,736	)	$	(1,001	)	$	(6,737	)

The following table presents reclassifications out of AOCI by component in the periods indicated:


	Three Months Ended						Six Months Ended
	June 30,						June 30,						Income Statement
(Amounts in thousands)	2014			2013			2014			2013			Line Item Affected
Available-for-sale securities
(Losses) gains realized in net income	$	(59	)	$	113		$	(14	)	$	230		Net (loss) gain on sale of securities
Credit-related OTTI recognized in net income		(254	)		—			(518	)		—		Net impairment losses recognized in earnings

		(313	)		113			(532	)		230		Income before taxes
Income tax effect		(118	)		42			(200	)		86		Income tax expense (benefit)

		(195	)		71			(332	)		144		Net income
Employee benefit plans
Amortization of prior service cost		(64	)		(70	)		(129	)		(139	)	(1)
Amortization of losses		—			(12	)		—			(24	)	(1)

		(64	)		(82	)		(129	)		(163	)	Income before taxes
Income tax effect		(24	)		(31	)		(49	)		(61	)	Income tax expense (benefit)

		(40	)		(51	)		(80	)		(102	)	Net income

Reclassified from AOCI, net of tax	$	(235	)	$	20		$	(412	)	$	42		Net income

(1)	Amortization is included in net periodic pension cost. See Note 10, “Employee Benefit Plans.”