Other comprehensive income (loss)

6 Months Ended

Jun. 30, 2014

2. Other comprehensive income (loss):

The components of other comprehensive income (loss) and their related tax effects are reported in the Consolidated Statements of Income and Comprehensive Income. The accumulated other comprehensive income (loss) included in the Consolidated Balance Sheets relates to net unrealized gains and losses on investment securities available-for-sale and benefit plan adjustments.

The components of accumulated other comprehensive income (loss) included in stockholders’ equity at June 30, 2014 and December 31, 2013 is as follows:


	June 30, 2014			December 31, 2013
Net unrealized gain on investment securities available-for-sale	$	6,286		$	2,810
Related income taxes		(2,200	)		(984	)

Net of income taxes		4,086			1,826

Benefit plan adjustments		(3,883	)		(3,883	)
Related income taxes		1,359			1,359

Net of income taxes		(2,524	)		(2,524	)

Accumulated other comprehensive income (loss)	$	1,562		$	(698	)

Other comprehensive income (loss) and related tax effects for the three and six months ended June 30, 2014 and 2013 is as follows:


Three months ended June 30	2014			2013
Net gain on the sale of investment securities available-for-sale (1)	$	(160	)	$	(24	)
Unrealized gain (loss) on investment securities available-for-sale		1,242			(2,744	)

Other comprehensive income (loss) gain before taxes		1,082			(2,768	)
Income tax expense (benefit)		378			(941	)

Other comprehensive income (loss)	$	704		$	(1,827	)


Six months ended June 30	2014			2013
Net gain on the sale of investment securities available-for-sale (1)	$	(160	)	$	(125	)
Unrealized gain (loss) on investment securities available-for-sale		3,636			(3,220	)

Other comprehensive income (loss) gain before taxes		3,476			(3,345	)
Income tax expense		1,216			1,137

Other comprehensive income (loss)	$	2,260		$	(2,208	)

(1)	Amounts reclassified out of accumulated comprehensive income and included in gains on sale of investment securities on the consolidated statements of income.