A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands):



	Unrealized Gain (Loss) on
	Available for Sale Securities			Investment Securities Transferred from AFS			Employee Benefit Plans			Loss on Effective Cash Flow Hedges			Total
Balance, Dec. 31, 2014	$	59,239		$	376		$	(2,868	)	$	(74	)	$	56,673
Net change in unrealized gain (loss)	59,387			—			—			—			59,387
Reclassification adjustments included in earnings:
Interest revenue, Investment securities, Taxable securities	—			(179		)	—			—			(179		)
Interest expense, Subordinated debentures	—			—			—			65			65
Net impairment losses recognized in earnings	92			—			—			—			92
Gain on available for sale securities, net	(4,327		)	—			—			—			(4,327		)
Other comprehensive income (loss), before income taxes	55,152			(179		)	—			65			55,038
Federal and state income taxes¹	21,452			(69		)	—			25			21,408
Other comprehensive income (loss), net of income taxes	33,700			(110		)	—			40			33,630
Balance, March 31, 2015	$	92,939		$	266		$	(2,868	)	$	(34	)	$	90,303

Balance, Dec. 31, 2015	$	23,284		$	68		$	(1,765	)	$	—		$	21,587
Net change in unrealized gain (loss)	121,091			—			—			—			121,091
Reclassification adjustments included in earnings:
Interest revenue, Investment securities, Taxable securities	—			(69		)	—			—			(69		)
Interest expense, Subordinated debentures	—			—			—			—			—
Net impairment losses recognized in earnings	—			—			—			—			—
Gain on available for sale securities, net	(3,964		)	—			—			—			(3,964		)
Other comprehensive income (loss), before income taxes	117,127			(69		)	—			—			117,058
Federal and state income taxes¹	45,563			(27		)	—			—			45,536
Other comprehensive income (loss), net of income taxes	71,564			(42		)	—			—			71,522
Balance, March 31, 2016	$	94,848		$	26		$	(1,765	)	$	—		$	93,109


¹	Calculated using a 39 percent effective tax rate.