| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
Note 12 – Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in AOCI by component for the: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31 | | 2014 | | 2013 |
| Unrealized
Holding Gains
(Losses) on
AFS
Securities | | Defined
Benefit
Pension Plan | | Total | | Unrealized
Holding Gains
(Losses) on
AFS
Securities | | Defined
Benefit
Pension Plan | | Total | Balance, January 1 | $ | (4,207 | ) | | $ | (2,134 | ) | | $ | (6,341 | ) | | $ | 8,678 |
| | $ | (3,671 | ) | | $ | 5,007 |
| OCI before reclassifications | 5,520 |
| | — |
| | 5,520 |
| | (1,961 | ) | | — |
| | (1,961 | ) | Amounts reclassified from AOCI | — |
| | — |
| | — |
| | (99 | ) | | — |
| | (99 | ) | Subtotal | 5,520 |
| | — |
| | 5,520 |
| | (2,060 | ) | | — |
| | (2,060 | ) | Tax effect | (1,739 | ) | | — |
| | (1,739 | ) | | 923 |
| | — |
| | 923 |
| OCI, net of tax | 3,781 |
| | — |
| | 3,781 |
| | (1,137 | ) | | — |
| | (1,137 | ) | Balance, March 31 | $ | (426 | ) | | $ | (2,134 | ) | | $ | (2,560 | ) | | $ | 7,541 |
| | $ | (3,671 | ) | | $ | 3,870 |
|
Included in OCI for the three month periods ended March 31, 2014 and 2013 are changes in unrealized holding gains and losses related to auction rate money market preferred and preferred stocks. For federal income tax purposes, these securities are considered equity investments. As such, no deferred federal income taxes related to unrealized holding gains or losses are expected or recorded. A summary of the components of unrealized holding gains on AFS securities included in OCI follows for the: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31 | | 2014 | | 2013 |
| Auction Rate Money Market Preferred and Preferred Stocks | | All Other AFS Securities | | Total | | Auction Rate Money Market Preferred and Preferred Stocks | | All Other AFS Securities | | Total | Unrealized gains (losses) arising during the period | $ | 25 |
| | $ | 5,495 |
| | $ | 5,520 |
| | $ | 658 |
| | $ | (2,619 | ) | | $ | (1,961 | ) | Reclassification adjustment for net realized (gains) losses included in net income | — |
| | — |
| | — |
| | — |
| | (99 | ) | | (99 | ) | Net unrealized gains (losses) | 25 |
| | 5,495 |
| | 5,520 |
| | 658 |
| | (2,718 | ) | | (2,060 | ) | Tax effect | — |
| | (1,739 | ) | | (1,739 | ) | | — |
| | 923 |
| | 923 |
| Unrealized gains (losses), net of tax | $ | 25 |
| | $ | 3,756 |
| | $ | 3,781 |
| | $ | 658 |
| | $ | (1,795 | ) | | $ | (1,137 | ) |
The following table details reclassification adjustments and the related affected line items on our interim condensed consolidated statements of income for the noted periods: | | | | | | | | | | | Details about AOCI components | Amount
Reclassified from
AOCI | | Affected Line Item in the
Interim Condensed Consolidated
Statements of Income |
| Three Months Ended March 31 | | | | 2014 | | 2013 | | | Unrealized holding gains (losses) on AFS securities | | | | | | | $ | — |
| | $ | 99 |
| | Net gains (losses) on sale of AFS securities | | — |
| | 99 |
| | Income before federal income tax expense | | — |
| | 34 |
| | Federal income tax expense | | $ | — |
| | $ | 65 |
| | Net income |
|