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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)

(8.) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the components of other comprehensive income (loss) for the nine month periods ended September 30, 2014 and 2013 (in thousands):

Pre-tax Net-of-tax
Amount Tax Effect Amount
September 30, 2014
Securities available for sale and transferred securities:
Change in unrealized gain/loss during the period $ 9,923 $ 3,931 $ 5,992
Reclassification adjustment for net gains included in net income (1) (2,167 ) (858 ) (1,309 )
Total securities available for sale and transferred securities 7,756 3,073 4,683
Amortization of pension and post-retirement items:
Prior service credit (36 ) (14 ) (22 )
Net actuarial losses 132 52 80
Total pension and post-retirement obligations 96 38 58
Other comprehensive income $ 7,852 $ 3,111 $ 4,741
September 30, 2013
Securities available for sale:
Change in unrealized gain/loss during the period $ (27,205 ) $ (10,777 ) $ (16,428 )
Reclassification adjustment for net gains included in net income (1) (1,224 ) (485 ) (739 )
Total securities available for sale (28,429 ) (11,262 ) (17,167 )
Amortization of pension and post-retirement items:
Prior service credit (36 ) (14 ) (22 )
Net actuarial losses 1,023 405 618
Total pension and post-retirement obligations 987 391 596
Other comprehensive loss $ (27,442 ) $ (10,871 ) $ (16,571 )

 
(1) Includes amounts related to the amortization/accretion of unrealized net gains and losses related to the Company's reclassification of available for sale investment securities to the held to maturity category. The unrealized net gains/losses will be amortized/accreted over the remaining life of the investment securities as an adjustment of yield.

Activity in accumulated other comprehensive income (loss), net of tax, for the nine month periods ended September 30, 2014 and 2013 was as follows (in thousands):

Securities
Available for Pension and Accumulated
Sale and Post- Other
Transferred retirement Comprehensive
Securities Obligations Income (Loss)
September 30, 2014
Balance at beginning of year $ (5,337 ) $ (4,850 ) $ (10,187 )
Other comprehensive income before reclassifications 5,992 - 5,992
Amounts reclassified from accumulated other comprehensive income (1,309 ) 58 (1,251 )
Net current period other comprehensive income 4,683 58 4,741
Balance at end of period $ (654 ) $ (4,792 ) $ (5,446 )
September 30, 2013
Balance at beginning of year $ 16,060 $ (12,807 ) $ 3,253
Other comprehensive (loss) income before reclassifications (16,428 ) - (16,428 )
Amounts reclassified from accumulated other comprehensive income (739 ) 596 (143 )
Net current period other comprehensive (loss) income (17,167 ) 596 (16,571 )
Balance at end of period

$

 (1,107 ) $ (12,211 ) $ (13,318 )

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the nine month periods ended September 30, 2014 and 2013 (in thousands):

Amount Reclassified from
Details About Accumulated Other Accumulated Other Affected Line Item in the
Comprehensive Income Components Comprehensive Income Consolidated Statement of Income
Nine months ended
September 30,
2014 2013
Realized gain on sale of investment securities $ 1,777 $ 1,224 Net gain on disposal of investment securities
Amortization of unrealized holding gains (losses)
on investment securities transferred from
available for sale to held to maturity 390 - Interest income
2,167 1,224 Total before tax
(858 ) (485 ) Income tax expense
1,309 739 Net of tax
Amortization of pension and post-retirement items:
Prior service credit (1) 36 36 Salaries and employee benefits
Net actuarial losses (1) (132 ) (1,023 ) Salaries and employee benefits
(96 ) (987 ) Total before tax
38 391 Income tax benefit
(58 ) (596 ) Net of tax
Total reclassified for the period $ 1,251 $ 143

 
(1) These items are included in the computation of net periodic pension expense. See Note 10 Employee Benefit Plans for additional information.