Other Comprehensive Income |
OTHER COMPREHENSIVE INCOME
The gross amounts of each component of other comprehensive income and the related tax effects for the periods indicated are as follows: | | | | | | | | | | | Year ended December 31, 2013 | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Investment securities available-for sale: | | | | Change in net unrealized gain during period | $ | (52,949 | ) | $ | (20,835 | ) | $ | (32,114 | ) | Reclassification adjustment for net gains included in net income | (1 | ) | — |
| (1 | ) | Unamortized premium on available-to-sale securities transferred into held-for-maturity | — |
| — |
| — |
| Defined benefits post-retirement benefit plan: | | | | Change in net actuarial loss | 137 |
| 54 |
| 83 |
| Total other comprehensive loss | $ | (52,813 | ) | $ | (20,781 | ) | $ | (32,032 | ) |
| | | | | | | | | | | Year ended December 31, 2012 | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Investment securities available-for sale: | | | | Change in net unrealized gain during period | $ | (4,648 | ) | $ | (1,829 | ) | $ | (2,819 | ) | Reclassification adjustment for net gains included in net income | (348 | ) | (137 | ) | (211 | ) | Unamortized premium on available-to-sale securities transferred into held-for-maturity | 56 |
| 22 |
| 34 |
| Defined benefits post-retirement benefit plan: | | | | Change in net actuarial loss | (77 | ) | (30 | ) | (47 | ) | Total other comprehensive loss | $ | (5,017 | ) | $ | (1,974 | ) | $ | (3,043 | ) |
| | | | | | | | | | | Year ended December 31, 2011 | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Investment securities available-for sale: | | | | Change in net unrealized gain during period | $ | 17,168 |
| $ | 6,899 |
| $ | 10,269 |
| Reclassification adjustment for net gains included in net income | (1,544 | ) | (620 | ) | (924 | ) | Unamortized premium on available-to-sale securities transferred into held-for-maturity | 389 |
| 156 |
| 233 |
| Defined benefits post-retirement benefit plan: | | | | Change in net actuarial loss | 135 |
| 54 |
| 81 |
| Total other comprehensive income | $ | 16,148 |
| $ | 6,489 |
| $ | 9,659 |
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The components of accumulated other comprehensive income, net of income taxes, are as follows: | | | | | | | | | Year ended December 31, | 2013 | | 2012 | Net unrealized gain on investment securities available-for-sale | $ | (14,578 | ) | | $ | 17,537 |
| Net actuarial loss on defined benefit post-retirement benefit plans | (1,463 | ) | | (1,546 | ) | Net accumulated other comprehensive income (loss) | $ | (16,041 | ) | | $ | 15,991 |
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