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

The changes in accumulated other comprehensive income balances as of March 31, 2015 and 2014 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minimum

 

 

 

Accumulated Other

 

 

Pension

 

Unrealized

 

Comprehensive

 

 

Liability

 

Gains (Loss)

 

Income

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2013

 

$

(1,480)

 

$

18,363 

 

$

16,883 

Other comprehensive income :

 

 

 

 

 

 

 

 

 

Change in net actuarial gain

 

 

40 

 

 

 -

 

 

40 

Tax effect on change in net actuarial gain

 

 

(14)

 

 

 -

 

 

(14)

Net unrealized holding losses arising during the period

 

 

 -

 

 

(1,646)

 

 

(1,646)

Tax effect on unrealized losses arising during the period

 

 

 -

 

 

576 

 

 

576 

Reclassification adjustment for gains included in net realized gains

 

 

 -

 

 

(185)

 

 

(185)

Tax effect on reclassification adjustment for gains included in income tax expense

 

 

 -

 

 

65 

 

 

65 

Other comprehensive income (loss), net of tax

 

 

26 

 

 

(1,190)

 

 

(1,164)

Balance at March 31, 2014

 

$

(1,454)

 

$

17,173 

 

$

15,719 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

$

(2,600)

 

$

20,401 

 

$

17,801 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income :

 

 

 

 

 

 

 

 

 

Change in net actuarial gain

 

 

26 

 

 

 -

 

 

26 

Tax effect on change in net actuarial gain

 

 

(9)

 

 

 -

 

 

(9)

Net unrealized holding gains arising during the period

 

 

 -

 

 

7,069 

 

 

7,069 

Tax effect on unrealized gains arising during the period

 

 

 -

 

 

(2,474)

 

 

(2,474)

Reclassification adjustment for gains included in net realized gains

 

 

 -

 

 

(861)

 

 

(861)

Tax effect on reclassification adjustment for gains included in income tax expense

 

 

 -

 

 

301 

 

 

301 

Other comprehensive income, net of tax

 

 

17 

 

 

4,035 

 

 

4,052 

Balance at March 31, 2015

 

$

(2,583)

 

$

24,436 

 

$

21,853