Accumulated Comprehensive Margin

9 Months Ended

Sep. 30, 2016

Accumulated Comprehensive Margin

Accumulated Comprehensive Margin

(F)   Accumulated Comprehensive Margin.    The table below provides detail of the beginning and ending balance for each classification of other comprehensive margin along with the amount of any reclassification adjustments included in margin for each of the periods presented in the unaudited Consolidated Statements of Patronage Capital and Membership Fees and Accumulated Other Comprehensive Margin. There were no material changes in the nature, timing or amounts of expected (gain) loss reclassified to net margin from the amounts disclosed in our 2015 Form 10-K. Amounts reclassified to net margin in the table below are reflected in "Other income" on our unaudited Consolidated Statements of Revenues and Expenses.

Our effective tax rate is zero; therefore, all amounts below are presented net of tax.

		Accumulated Other Comprehensive Margin
		Three Months Ended September 30, 2015
		(dollars in thousands)
		Available-for-sale Securities
Balance at June 30, 2015	$	107
Unrealized gain		125
(Gain) reclassified to net margin		(31	)
Balance at September 30, 2015	$	201

		Three Months Ended September 30, 2016
		(dollars in thousands)
		Available-for-sale Securities
Balance at June 30, 2016	$	435
Unrealized gain		50
(Gain) reclassified to net margin		(69	)
Balance at September 30, 2016	$	416

		Nine Months Ended September 30, 2015
		(dollars in thousands)
		Available-for-sale Securities
Balance at December 31, 2014	$	468
Unrealized loss		(83	)
(Gain) reclassified to net margin		(184	)
Balance at September 30, 2015	$	201

		Nine Months Ended September 30, 2016
		(dollars in thousands)
		Available-for-sale Securities
Balance at December 31, 2015	$	58
Unrealized gain		486
(Gain) reclassified to net margin		(128	)
Balance at September 30, 2016	$	416