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

12. Accumulated Other Comprehensive Loss

The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three months ended September 30, 2014 and 2013 (in thousands):

 

Three months ended September 30, 2014

  

Three months ended September 30, 2013
  Net Unrealized Gains and Losses on Investment Securities AFS(1)   Defined Benefit Pension Items(1)   Total(1)   Net Unrealized Gains and Losses on Investment Securities AFS(1)   Defined Benefit Pension Items(1)   Total(1)
Beginning balance   $ 1,950     $ (6,659 )   $ (4,709 )   $ 1,714     $ (8,977 )   $ (7,263 )
Other comprehensive income before Reclassifications     (463 )     -       (463 )     116       —       116  
Amounts reclassified from accumulated other comprehensive loss     -       527       527       (43 )     -       (43 )
Net current period other comprehensive income (loss)     (463 )     527       64       73       -       73  
Ending balance   $ 1,487     $ (6,132 )   $ (4,645 )   $ 1,787     $ (8,977 )   $ (7,190 )

 

  (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets.

The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the nine months ended September 30, 2014 and 2013 (in thousands):

 

Nine months ended September 30, 2014

  

Nine months ended September 30, 2013
  Net Unrealized Gains and Losses on Investment Securities AFS(1)   Defined Benefit Pension Items(1)   Total(1)   Net Unrealized Gains and Losses on Investment Securities AFS(1)   Defined Benefit Pension Items(1)   Total(1)
Beginning balance   $ 1,043     $ (6,918 )   $ (5,875 )   $ 4,141     $ (9,520 )   $ (5,379 )
Other comprehensive income before Reclassifications     561       259       820       (2,264 )     103       (2,161 )
Amounts reclassified from accumulated other comprehensive loss     (117 )     527       410       (90 )     440       350  
Net current period other comprehensive income (loss)     444       786       1,230       (2,354 )     543       (1,811 )
Ending balance   $ 1,487     $ (6,132 )   $ (4,645 )   $ 1,787     $ (8,977 )   $ (7,190 )

 

  (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets.

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

  Amount reclassified from accumulated other comprehensive loss(1)  
Details about accumulated other comprehensive loss components   For the three months ended
September 30, 2014		   For the three months ended
September 30, 2013		   Affected line item in the
statement of operations
Unrealized gains and losses on sale of securities
 		                        
    $ -     $ (66 )     Net realized gains on investment securities  
      -       23       Provision for income tax expense  
    $ -     $ (43 )     Net of tax  
Amortization of defined benefit items(2)                        
Recognized net actuarial loss   $ 813     $ -       Salaries and employee benefits  
Prior service cost     (14 )     -       Salaries and employee benefits  
      799       -       Pretax income  
      (272 )     -       Provision for income tax expense  
    $ 527     $ -       Net income  
Total reclassifications for the period   $ 527     $ (43 )     Net income  

 

  (1) Amounts in parentheses indicate credits.
  (2)
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 16 for additional details).

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

  Amount reclassified from accumulated other comprehensive loss(1)  
Details about accumulated other comprehensive loss components   For the nine months ended September 30, 2014   For the nine months ended September 30, 2013   Affected line item in the
statement of operations
Unrealized gains and losses on sale of securities
 		                        
    $ (177 )   $ (137 )     Net realized gains on investment securities  
      60       47       Provision for income tax expense  
    $ (117 )   $ (90 )     Net of tax  
Amortization of defined benefit items(2)                        
Recognized net actuarial loss   $ 813     $ 682       Salaries and employee benefits  
Prior service cost     (14 )     (10 )     Salaries and employee benefits  
Transition asset     —       (4 )     Salaries and employee benefits  
      799       668       Pretax income  
      (272 )     (228 )     Provision for income tax expense  
    $ 527     $ 440       Net income  
Total reclassifications for the period   $ 410     $ 350       Net income  

 

  (1) Amounts in parentheses indicate credits.
  (2) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 16 for additional details).