Accumulated Comprehensive Margin (Deficit)

9 Months Ended

Sep. 30, 2014

Accumulated Comprehensive Margin (Deficit)

Accumulated Comprehensive Margin (Deficit)

(F)Accumulated Comprehensive Margin (Deficit).    The table below provides detail of the beginning and ending balance for each classification of other comprehensive margin (deficit) along with the amount of any reclassification adjustments included in margin for each of the periods presented in the unaudited Condensed Statements of Patronage Capital and Membership Fees and Accumulated Other Comprehensive Margin (Deficit). There were no material changes in the nature, timing or amounts of expected (gain) loss reclassified to net margin from the amounts disclosed in our 2013 Form 10-K. Amounts reclassified to net margin in the table below are reflected in "Other income" on our unaudited Condensed Statement of Revenues and Expenses.

Our effective tax rate is zero; therefore, all amounts below are presented net of tax.

	Accumulated Other Comprehensive Margin (Deficit) Three Months Ended
		(dollars in thousands)
		Available-for-sale Securities
Balance at June 30, 2013	$	(399	)
Unrealized gain		181
Loss reclassified to net margin		24
Balance at September 30, 2013	$	(194	)
Balance at June 30, 2014	$	278
Unrealized (loss)		(100	)
(Gain) reclassified to net margin		(18	)
Balance at September 30, 2014	$	160

	Nine Months Ended
		(dollars in thousands)
		Available-for-sale Securities
Balance at December 31, 2012	$	903
Unrealized (loss)		(1,041	)
(Gain) reclassified to net margin		(56	)
Balance at September 30, 2013	$	(194	)
Balance at December 31, 2013	$	(549	)
Unrealized gain		782
(Gain) reclassified to net margin		(73	)
Balance at September 30, 2014	$	160