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Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2014
Accumulated Other Comprehensive Income

Note 11. Accumulated Other Comprehensive Income

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 September 30, 2013

      

Beginning balance

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

Other comprehensive (loss) gain before reclassifications

     (773 )      181        (592 ) 

Reclassified from AOCI

     (24 )      (51 )      (75 ) 
 

 

 

    

 

 

    

 

 

  

Net comprehensive (loss) gain

     (797 )      130        (667 ) 
 

 

 

    

 

 

    

 

 

  

Ending balance

   $ (11,114 )    $ (1,631 )    $ (12,745 ) 
 

 

 

    

 

 

    

 

 

  

Three months ended September 30, 2014

      

Beginning balance

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

Other comprehensive gain before reclassifications

     186        81        267   

Reclassified from AOCI

     63        (41 )      22   
 

 

 

    

 

 

    

 

 

  

Net comprehensive gain

     249        40        289   
 

 

 

    

 

 

    

 

 

  

Ending balance

   $ (5,487 )    $ (961 )    $ (6,448 ) 
 

 

 

    

 

 

    

 

 

  
(Amounts in thousands)   Unrealized Gains (Losses) on
Available-for-Sale  Securities		     Employee Benefit
Plan		     Total  

Nine months ended September 30, 2013

      

Beginning balance

   $ (283 )    $ (1,542 )    $ (1,825 ) 

Other comprehensive (loss) gain before reclassifications

     (10,951 )      64        (10,887 ) 

Reclassified from AOCI

     120        (153 )      (33 ) 
 

 

 

    

 

 

    

 

 

  

Net comprehensive loss

     (10,831 )      (89 )      (10,920 ) 
 

 

 

    

 

 

    

 

 

  

Ending balance

   $ (11,114 )    $ (1,631 )    $ (12,745 ) 
 

 

 

    

 

 

    

 

 

  

Nine months ended September 30, 2014

      

Beginning balance

   $ (13,640 )    $ (1,100 )    $ (14,740 ) 

Other comprehensive gain before reclassifications

     8,422        261        8,683   

Reclassified from AOCI

     (269 )      (122 )      (391 ) 
 

 

 

    

 

 

    

 

 

  

Net comprehensive gain

     8,153        139        8,292   
 

 

 

    

 

 

    

 

 

  

Ending balance

   $ (5,487 )    $ (961 )    $ (6,448 ) 
 

 

 

    

 

 

    

 

 

  

 

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

 

     Three Months Ended     Nine Months Ended      
     September 30,     September 30,     Income Statement
(Amounts in thousands)    2014     2013     2014     2013    

Line Item Affected

Available-for-sale securities

           

Gains (losses) realized in net income

    $ 320      $ (39 )    $ 306      $ 191      Net gain (loss) on sale of securities

Credit-related OTTI recognized in net income

      (219 )      —          (737 )      —        Net impairment losses recognized in earnings
  

 

 

    

 

 

    

 

 

    

 

 

    
     101        (39 )      (431 )      191      Income before income taxes

Income tax effect

      38        (15 )      (162 )      71      Income tax expense
  

 

 

    

 

 

    

 

 

    

 

 

    
     63        (24 )      (269 )      120      Net income

Employee benefit plans

           

Amortization of prior service cost

      (66 )      (69 )      (195 )      (208 )    (1)

Amortization of losses

      —          (13 )      —          (37 )    (1)
  

 

 

    

 

 

    

 

 

    

 

 

    
     (66 )      (82 )      (195 )      (245 )    Income before income taxes

Income tax effect

      (25 )      (31 )      (73 )      (92 )    Income tax expense
  

 

 

    

 

 

    

 

 

    

 

 

    
     (41 )      (51 )      (122 )      (153 )    Net income
  

 

 

    

 

 

    

 

 

    

 

 

    

Reclassified from AOCI, net of tax

    $ 22      $ (75 )    $ (391 )    $ (33 )    Net income
  

 

 

    

 

 

    

 

 

    

 

 

    

 

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