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Change in Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Change in Accumulated Other Comprehensive Income
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 years ended December 31, 2015, 2014, and 2013:
 
Twelve Months Ended
 
December 31,
 
2015
2014
2013
 
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
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

$
3,822

$
(418
)
$
44

$
3,448

Other comprehensive (loss) income before reclassifications
(564
)
52

—

(512
)
2,382

145

(8
)
2,519

(4,497
)
201

—

(4,296
)
Reclassifications from other comprehensive (loss) income
(124
)
237

—

113

(990
)
—

—

(990
)
(465
)
—

—

(465
)
Tax effect of current period changes
234

(99
)
—

135

(473
)
(49
)
3

(519
)
1,687

(69
)
—

1,618

Current period changes net of taxes
(454
)
190

—

(264
)
919

96

(5
)
1,010

(3,275
)
132

—

(3,143
)
December 31
$
1,012

$
—

$
39

$
1,051

$
1,466

$
(190
)
$
39

$
1,315

$
547

$
(286
)
$
44

$
305



For the years ended December 31, 2015, 2014, and 2013, $124 thousand , $990 thousand, and $465 thousand, respectively, was reclassified out of comprehensive income and appeared as Gain on Sale of Securities in the Consolidated Statement of Income. The tax related to these reclassifications was $42 thousand, $337 thousand, and $158 thousand for the years ended December 31, 2015, 2014, and 2013, respectively. The tax is included in Income Tax Expense in the Consolidated Statements of Income.

For the twelve months ended December 31, 2015, $237 thousand was reclassified out of accumulated other comprehensive income related to the Company's derecognition of it's cash flow hedge. This loss was recorded in Other operating income in the Consolidated Statements of Income. Tax related to this reclassification was $81 thousand and was included in Income Tax Expense in the Consolidated Statements of Income. There were no reclassifications related to cash flow hedges during the twelve months ended December 31, 2014 and 2013.