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Comprehensive Income and Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive income for each period presented in the interim financial statements.

 

     Three Months Ended
March 31,
 
     2015      2014  
     (in thousands)  

Beginning balance

   $ 2,810       $ (4,295

Other comprehensive income before reclassification

     883         3,134   

Amounts reclassified from accumulated other comprehensive income

     (65      106   
  

 

 

    

 

 

 

Net current period other comprehensive income

  818      3,240   
  

 

 

    

 

 

 

Ending balance

$ 3,628    $ (1,055
  

 

 

    

 

 

 
Reclassification Out of Accumulated Other Comprehensive Income

The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.

 


Component of Accumulated Other Comprehensive
Income

  Three Months Ended
March 31,
   

Affected line item in the statement of income

    2015     2014      
    (in thousands)      

Unrealized gains/losses on available-for-sale securities

  $ 100      $ (163   Net realized gains on investments
 

 

 

   

 

 

   
  100      (163 Income before income taxes
  (35   57   Income tax expense
 

 

 

   

 

 

   
$ 65    $ (106 Net income