Other Comprehensive Income (Loss)

The following table summarizes activity in the unrealized gain or loss on available for sale securities included in other comprehensive income (loss) for the three months ended March 31, 2014 and 2013.



	For the three months ended March 31,
	2014			2013
Balance at beginning of period	$	(6,591,000	)	$	7,940,000
Unrealized gains (losses) arising during the period	7,457,000			(3,495,000		)
Reclassification of realized gains during the period	(36,000		)	(299,000		)
Related deferred taxes	(2,597,000		)	1,328,000
Net change	4,824,000			(2,466,000		)
Balance at end of period	$	(1,767,000	)	$	5,474,000

The reclassification of realized gains is included in the net securities gains line of the consolidated statements of income and comprehensive income and the tax effect is included in the income tax expense line of the same statement.

The following table summarizes activity in the unrealized gain or loss on postretirement benefits included in other comprehensive income (loss) for the three months ended March 31, 2014 and 2013.



	For the three months ended March 31,
	2014		2013
Unrecognized postretirement benefits at beginning of period	$	188,000	$	(123,000	)
Amortization of unrecognized transition obligation	—		5,000
Related deferred taxes	—		(1,000		)
Unrecognized postretirement benefits at end of period	$	188,000	$	(119,000	)

The reclassification of unrecognized transition obligation is a component of net periodic benefit cost (see Note 8) and the income tax effect is included in the income tax expense line of the consolidated statements of income and comprehensive income.