Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

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