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Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 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:

 

                                                                                                     
    Three Months Ended June 30,  
    2015     2014  
    Unrealized Gains (Losses)
on Available-for-Sale
Securities		     Employee
Benefit Plan		     Total     Unrealized Gains (Losses)
on Available-for-Sale
Securities		     Employee
Benefit Plan		     Total  
(Amounts in thousands)                                    

Beginning balance

   $ (3,241 )    $ (1,350 )    $ (4,591 )    $ (9,645 )    $ (1,042 )    $ (10,687 ) 

Other comprehensive (loss) gain before reclassifications

     (1,791 )      102        (1,689 )      4,104        81        4,185   

Reclassified from AOCI

     133        (51 )      82        (195 )      (40 )      (235 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net comprehensive (loss) gain

     (1,658 )      51        (1,607 )      3,909        41        3,950   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance

   $ (4,899 )    $ (1,299 )    $ (6,198 )    $ (5,736 )    $ (1,001 )    $ (6,737 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                                                                     
    Six Months Ended June 30,  
    2015     2014  
    Unrealized Gains (Losses)
on Available-for-Sale
Securities		     Employee
Benefit Plan		     Total     Unrealized Gains (Losses)
on Available-for-Sale
Securities		     Employee
Benefit Plan		     Total  
(Amounts in thousands)                                    

Beginning balance

   $ (4,266 )    $ (1,339 )    $ (5,605 )    $ (13,640 )    $ (1,100 )    $ (14,740 ) 

Other comprehensive (loss) gain before reclassifications

     (752 )      142        (610 )      8,236        179        8,415   

Reclassified from AOCI

     119        (102 )      17        (332 )      (80 )      (412 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net comprehensive (loss) gain

     (633 )      40        (593 )      7,904        99        8,003   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance

   $ (4,899 )    $ (1,299 )    $ (6,198 )    $ (5,736 )    $ (1,001 )    $ (6,737 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

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

 

     Three Months Ended
June 30,		     Six Months Ended
June 30,		     Income Statement
(Amounts in thousands)    2015     2014     2015     2014    

Line Item Affected

Available-for-sale securities

           

Gains (losses) realized in net income

    $ 213      $ (59 )    $ 190      $ (14 )    Net gain (loss) on sale of securities

Credit-related OTTI recognized in net income

      —          (254 )      —          (518 )    Net impairment losses recognized in earnings
  

 

 

    

 

 

    

 

 

    

 

 

    
     213        (313 )      190        (532 )    Income before income taxes

Income tax effect

      80        (118 )      71        (200 )    Income tax expense
  

 

 

    

 

 

    

 

 

    

 

 

    
     133        (195 )      119        (332 )    Net income

Employee benefit plans

           

Amortization of prior service cost

      (65 )      (64 )      (130 )      (129 )    (1)

Amortization of losses

      (16 )      —          (33 )      —        (1)
  

 

 

    

 

 

    

 

 

    

 

 

    
     (81 )      (64 )      (163 )      (129 )    Income before income taxes

Income tax effect

      (30 )      (24 )      (61 )      (49 )    Income tax expense
  

 

 

    

 

 

    

 

 

    

 

 

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

 

 

    

 

 

    

 

 

    

 

 

    

Reclassified from AOCI, net of tax

    $ 82      $ (235 )    $ 17      $ (412 )    Net income
  

 

 

    

 

 

    

 

 

    

 

 

    

 

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