Changes in Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2015

Changes in Accumulated Other Comprehensive Income

Changes in Accumulated Other Comprehensive Income

(12)Changes in Accumulated Other Comprehensive Income

The following table shows the changes in accumulated other comprehensive income by component for the periods indicated (in thousands):

	For the quarter ended March 31, 2015
	Unrealized gains and (losses) on securities available- for-sale			Change in fair value of interest rate swaps		Change in defined benefit pension plans		Total
Balance as of December 31, 2014	$	3,461		(4,078	)	(23,753	)	(24,370	)
Other comprehensive income before reclassification adjustments	2,952			44		—		2,996
Amounts reclassified from accumulated other comprehensive income (1), (2)	(68		)	—		219		151
Net other comprehensive income	2,884			44		219		3,147
Balance as of March 31, 2015	$	6,345		(4,034	)	(23,534	)	(21,223	)

	For the quarter ended March 31, 2014
	Unrealized gains and (losses) on securities available- for-sale			Change in fair value of interest rate swaps		Change in defined benefit pension plans		Total
Balance as of December 31, 2013	$	(3,233	)	(5,224	)	(3,443	)	(11,900	)
Other comprehensive income before reclassification adjustments	5,596			251		—		5,847
Amounts reclassified from accumulated other comprehensive income (3), (4)	(1,904		)	—		(138	)	(2,042	)
Net other comprehensive income	3,692			251		(138	)	3,805
Balance as of March 31, 2014	$	459		(4,973	)	(3,581	)	(8,095	)

(1) Consists of realized gains on securities (gain on sales of investments, net) of $111, net of tax (income tax expense) of $(43).

(2) Consists of amortization of prior service cost (compensation and employee benefits) of $581 and amortization of net loss (compensation and employee benefits) of $(940), net of tax (income tax expense) of $140.  See note 8.

(3) Consists of realized gains on securities (gain on sales of investments, net) of $3,122, net of tax (income tax expense) of $(1,218).

(4) Consists of amortization of prior service cost (compensation and employee benefits) of $581 and amortization of net loss (compensation and employee benefits) of $(368), net of tax (income tax expense) of $(75).  See note 8.