Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Changes in Accumulated Other Comprehensive Income (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive income for each period presented in the interim financial statements.


	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
	(in thousands)
Beginning balance	$	1,961		$	(1,626	)	$	(4,295	)	$	2,979
Other comprehensive income/(loss) before reclassification		121			(1,483	)		6,192			(5,809	)
Amounts reclassified from accumulated other comprehensive income		(4	)		438			181			159

Net current period other comprehensive income/(loss)		117			(1,045	)		6,373			(5,650	)

Ending balance	$	2,078		$	(2,671	)	$	2,078		$	(2,671	)

Reclassification Out of Accumulated Other Comprehensive Income

The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.


Component of Accumulated Other Comprehensive Income	Three Months Ended September 30,						Nine Months Ended September 30,						Affected line item in the statement of income
	2014			2013			2014			2013
	(in thousands)
Unrealized gains/(losses) on available-for-sale securities	$	1		$	(484	)	$	(270	)	$	362		Net realized gains on investments
Other-than-temporary impairment		5			(190	)		(8	)		(607	)	Net realized gains on investments

		6			(674	)		(278	)		(245	)	Income before income taxes
		(2	)		236			97			86		Income tax expense

	$	4		$	(438	)	$	(181	)	$	(159	)	Net income