Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2014

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

The following tables provides changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended June 30, 2014 and 2013:

Three Months Ended June 30, 2014	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at April 1	$	11,398,858		$	(47,987	)	$	11,350,871
Other comprehensive income before reclassifications	1,447,244			—			1,447,244
Amounts reclassified from accumulated other comprehensive income	(45,151		)	366			(44,785		)
Net current-period other comprehensive income	1,402,093			366			1,402,459
Ending balance	$	12,800,951		$	(47,621	)	$	12,753,330

Three Months Ended June 30, 2013	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at April 1	$	10,479,645		$	(101,665	)	$	10,377,980
Other comprehensive loss before reclassifications	(1,081,096		)	—			(1,081,096		)
Amounts reclassified from accumulated other comprehensive loss	(36,670		)	787			(35,883		)
Net current-period other comprehensive (loss) income	(1,117,766		)	787			(1,116,979		)
Ending balance	$	9,361,879		$	(100,878	)	$	9,261,001

Six Months Ended June 30, 2014	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at January 1	$	11,395,757		$	(48,353	)	$	11,347,404
Other comprehensive income before reclassifications	1,953,080			—			1,953,080
Amounts reclassified from accumulated other comprehensive income	(547,886		)	732			(547,154		)
Net current-period other comprehensive income	1,405,194			732			1,405,926
Ending balance	$	12,800,951		$	(47,621	)	$	12,753,330

Six Months Ended June 30, 2013	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at January 1	$	8,920,883		$	(102,453	)	$	8,818,430
Other comprehensive income before reclassifications	489,148			—			489,148
Amounts reclassified from accumulated other comprehensive income	(48,152		)	1,575			(46,577		)
Net current-period other comprehensive income	440,996			1,575			442,571
Ending balance	$	9,361,879		$	(100,878	)	$	9,261,001

The following tables provides significant amounts reclassified out of each component of accumulated other comprehensive income for the periods ended June 30, 2014 and 2013:

Three Months Ended June 30, 2014
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	68,364
Other-than-temporary impairments	—
Total	$	68,364		Net realized gain on investment
Tax	(23,213		)	Provision for Income Taxes
Net of Tax	$	45,151
Amortization related to postretirement benefit plans:
Prior year service cost	$	(555	)
Unrecognized gain (loss)	—
Total	$	(555	)	(a)
Tax	189			Provision for Income Taxes
Net of Tax	$	(366	)
Reclassifications for the period	$	44,785

Three Months Ended June 30, 2013
Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	70,857
Other-than-temporary impairments	(15,585		)
Total	$	55,272		Net realized gain on investment
Tax	(18,602		)	Provision for Income Taxes
Net of Tax	$	36,670
Accretion (amortization) related to postretirement benefit plans:
Prior year service cost	$	379
Unrecognized loss	(1,574		)
Total	$	(1,195	)	(a)
Tax	408			Provision for Income Taxes
Net of Tax	$	(787	)
Reclassifications for the period	$	35,883

Six Months Ended June 30, 2014
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	833,636
Other-than-temporary impairments	—
Total	$	833,636		Net realized gain on investment
Tax	(285,750		)	Provision for Income Taxes
Net of Tax	$	547,886
Amortization related to postretirement benefit plans:
Prior year service cost	$	(1,109	)
Unrecognized gain (loss)	—
Total	$	(1,109	)	(a)
Tax	377			Provision for Income Taxes
Net of Tax	$	(732	)
Reclassifications for the period	$	547,154

Six Months Ended June 30, 2013
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	105,686
Other-than-temporary impairments	(34,070		)
Total	$	71,616		Net realized gain on investment
Tax	(23,464		)	Provision for Income Taxes
Net of Tax	$	48,152
Accretion (amortization) related to postretirement benefit plans:
Prior year service cost	$	759
Unrecognized loss	(3,147		)
Total	$	(2,388	)	(a)
Tax	813			Provision for Income Taxes
Net of Tax	$	(1,575	)
Reclassifications for the period	$	46,577

(a) These accumulated other comprehensive income components are not reclassified to net income in their entirety in the same reporting period. The amounts are presented within salaries, employee benefits and payroll taxes on the Consolidated Statements of Income as amortized. Amortization and accretion related to postretirement benefit plans is included in the computation of net periodic pension costs, as discussed in Note 5.