Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2016

Accumulated Other Comprehensive Income

Note 12. Accumulated Other Comprehensive Income

The following tables present the activity in accumulated other comprehensive income (“AOCI”), net of tax, by component for the periods indicated:

	Three Months Ended March 31, 2016
	Unrealized Gains (Losses) on Available- for-Sale Securities			Employee Benefit Plans			Total
(Amounts in thousands)
Beginning balance	$	(3,885	)	$	(1,362	)	$	(5,247	)
Other comprehensive loss before reclassifications		(451	)		(78	)		(529	)
Reclassified from AOCI		(1	)		44			43
Net comprehensive loss		(452	)		(34	)		(486	)
Ending balance	$	(4,337	)	$	(1,396	)	$	(5,733	)
	Three Months Ended March 31, 2015
	Unrealized Gains (Losses) on Available- for-Sale Securities			Employee Benefit Plan			Total
(Amounts in thousands)
Beginning balance	$	(4,266	)	$	(1,339	)	$	(5,605	)
Other comprehensive gain (loss) before reclassifications		1,011			(62	)		949
Reclassified from AOCI		14			51			65
Net comprehensive gain (loss)		1,025			(11	)		1,014
Ending balance	$	(3,241	)	$	(1,350	)	$	(4,591	)

The following table presents reclassifications out of AOCI by component in the periods indicated:

	Three Months Ended
	March 31,						Income Statement Line Item Affected
(Amounts in thousands)	2016			2015
Available-for-sale securities
Gains (losses) recognized		1			(23	)	Net gain (loss) on sale of securities
Credit-related OTTI recognized		—			—		Net impairment losses recognized in earnings
Reclassified from AOCI, before tax		1			(23	)	Income before income taxes
Income tax effect		—			9		Income tax expense
Reclassified from AOCI, before tax		1			(14	)	Net income
Employee benefit plans
Amortization of prior service cost		(57	)		(65	)	(1)
Amortization of net actuarial benefit cost		(14	)		(17	)	(1)
Reclassified from AOCI, before tax		(71	)		(82	)	Income before income taxes
Income tax effect		27			31		Income tax expense
Reclassified from AOCI, net of tax		(44	)		(51	)	Net income
Total reclassified from AOCI, net of tax	$	(43	)	$	(65	)	Net income

(1) Amortization is included in net periodic pension cost. See Note 10, “Employee Benefit Plans.”