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Change in Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Change in Accumulated Other Comprehensive Income
NOTE 12. Change in Accumulated Other Comprehensive Income

Accumulated other comprehensive income includes unrealized gains and losses on available for sale securities, change in fair value of interest rate swaps and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive income are presented net of tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income by components are shown in the following tables for the periods indicated:
 
Three Months Ended
 
June 30,
 
2015
2014
 
Unrealized Gains and Losses on Available for Sale Securities
Change in Fair Value of Interest Rate Swap
Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan
Total
Unrealized Gains and Losses on Available for Sale Securities
Change in Fair Value of Interest Rate Swap
Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan
Total
 
(dollars in thousands)
April 1
$
1,863

$
(179
)
$
39

$
1,723

$
1,231

$
(260
)
$
44

$
1,015

Other comprehensive (loss) income before reclassifications
(1,512
)
35

—

(1,477
)
817

18

—

835

Reclassifications adjustments
(22
)
—

—

(22
)
(6
)
—

—

(6
)
Tax effect of current period changes
522

(12
)
—

510

(276
)
(6
)
—

(282
)
Current period changes net of taxes
(1,012
)
23

—

(989
)
535

12

—

547

June 30
$
851

$
(156
)
$
39

$
734

$
1,766

$
(248
)
$
44

$
1,562

 
Six Months Ended
 
June 30,
 
2015
2014
 
Unrealized Gains and Losses on Available for Sale Securities
Change in Fair Value of Interest Rate Swap
Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan
Total
Unrealized Gains and Losses on Available for Sale Securities
Change in Fair Value of Interest Rate Swap
Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan
Total
 
(dollars in thousands)
January 1
$
1,466

$
(190
)
$
39

$
1,315

$
547

$
(286
)
$
44

$
305

Other comprehensive (loss) income before reclassifications
(836
)
52

—

(784
)
1,853

57

—

1,910

Reclassifications adjustments
(96
)
—

—

(96
)
(6
)
—

—

(6
)
Tax effect of current period changes
317

(18
)
—

299

(628
)
(19
)
—

(647
)
Current period changes net of taxes
(615
)
34

—

(581
)
1,219

38

—

1,257

June 30
$
851

$
(156
)
$
39

$
734

$
1,766

$
(248
)
$
44

$
1,562



For the three and six months ended June 30, 2015, $22 thousand and $96 thousand, respectively, was reclassified out of accumulated other comprehensive income and appeared as Gain on Sale of Securities in the Consolidated Statements of Income. The tax related to these reclassifications was $7 thousand and $33 thousand for the three and six months ended June 30, 2015, respectively. For the three and six months ended June 30, 2014, $6 thousand was reclassified out of comprehensive income and appeared as Gain on Sale of Securities in the Consolidated Statements of Income. The tax related to these reclassifications was $2 thousand for the three and six months ended June 30, 2014. The tax is included in income tax expense in the Consolidated Statements of Income.