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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2015
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 March 31, 2014

      

Beginning balance

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

Other comprehensive (loss) gain before reclassifications

     4,132        98        4,230   

Reclassified from AOCI

     (137 )      (40 )      (177 ) 
 

 

 

    

 

 

    

 

 

  

Net comprehensive gain

   3,995      58      4,053   
 

 

 

    

 

 

    

 

 

  

Ending balance

 $ (9,645 )  $ (1,042 )  $ (10,687 ) 
 

 

 

    

 

 

    

 

 

  

Three months ended March 31, 2015

Beginning balance

 $ (4,266 )  $ (1,339 )  $ (5,605 ) 

Other comprehensive gain before reclassifications

   1,039      40      1,079   

Reclassified from AOCI

   (14 )    (51 )    (65 ) 
 

 

 

    

 

 

    

 

 

  

Net comprehensive gain (loss)

   1,025      (11 )    1,014   
 

 

 

    

 

 

    

 

 

  

Ending balance

 $ (3,241 )  $ (1,350 )  $ (4,591 ) 
 

 

 

    

 

 

    

 

 

  

 

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

 

     Three Months Ended       
     March 31,      Income Statement
(Amounts in thousands)    2015      2014     

Line Item Affected

Available-for-sale securities

         

(Losses) gains realized in net income

    $ (23 )     $ 45      

Net (loss) gain on sale of securities

Credit-related OTTI recognized in net income

      —           (264 )    

Net impairment losses recognized in earnings
  

 

 

     

 

 

     
  (23 )    (219 ) 

Income before income taxes

Income tax effect

   (9 )    (82 ) 

Income tax expense
  

 

 

     

 

 

     
  (14 )    (137 ) 

Net income

Employee benefit plans

Amortization of prior service cost

   (65 )    (65 ) 

(1)

Amortization of losses

   (17 )    —     

(1)
  

 

 

     

 

 

     
  (82 )    (65 ) 

Income before income taxes

Income tax effect

   (31 )    (25 ) 

Income tax expense
  

 

 

     

 

 

     
  (51 )    (40 ) 

Net income
  

 

 

     

 

 

     

Reclassified from AOCI, net of tax

 $ (65 )    $(177 ) 

Net income
  

 

 

     

 

 

     

 

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