The activity in accumulated other comprehensive income (loss) for the years ended December 31, 2014 and 2013 is as follows:

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (1) (2)

(DOLLARS IN THOUSANDS)

	Unrealized
	Gains (Losses)
	on Securities
	Available-for-Sale
	$
Balance at January 1, 2014		(3,940	)

Other comprehensive income (loss) before reclassifications		6,993
Amount reclassified from accumulated other comprehensive income (loss)		(2,051	)
Period change		4,942

Balance at December 31, 2014		1,002


Balance at January 1, 2013		6,663

Other comprehensive income (loss) before reclassifications		(8,480	)
Amount reclassified into accumulated other comprehensive income (loss)		(2,123	)
Period change		(10,603	)

Balance at December 31, 2013		(3,940	)

(1)	All amounts are net of tax. Related income tax expense or benefit is calculated using a Federal income tax rate of 34%.

(2)	Amounts in parentheses indicate debits.

DETAILS ABOUT ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) COMPONENTS (1)

(DOLLARS IN THOUSANDS)

	Amount Reclassified from
	Accumulated Other Comprehensive
	Income (Loss)
	For the Year Ended
	December 31,						Affected Line Item
	2014			2013			in the Statements of
		$			$		Income
Securities available-for-sale:
Net securities gains reclassified into earnings		3,131			3,388		Gains on securities transactions, net
Related income tax expense		(1,065	)		(1,152	)	Provision for federal income taxes
Net effect on accumulated other comprehensive
income for the period		2,066			2,236

Net impairment losses reclassified into earnings		(22	)		(171	)	Impairment losses on securities
Related income tax expense		7			58		Provision for federal income taxes
Net effect on accumulated other comprehensive
income (loss) for the period		(15	)		(113	)
Total reclassifications for the period		2,051			2,123

(1) Amounts in parentheses indicate debits.