A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands):



	Unrealized Gain (Loss) on
	Available for Sale Securities			Investment Securities Transferred from AFS			Employee Benefit Plans			Loss on Effective Cash Flow Hedges			Total
Balance, December 31, 2013	$	(23,175	)	$	1,118		$	(3,311	)	$	(255	)	$	(25,623	)
Net change in unrealized gain (loss)	54,615			—			(2		)	—			54,613
Reclassification adjustments included in earnings:
Interest revenue, Investment securities, Taxable securities	—			(403		)	—			—			(403		)
Interest expense, Subordinated debentures	—			—			—			83			83
Net impairment losses recognized in earnings	—			—			—			—			—
Gain on available for sale securities, net	(1,240		)	—			—			—			(1,240		)
Other comprehensive income (loss), before income taxes	53,375			(403		)	(2		)	83			53,053
Federal and state income taxes¹	20,762			(158		)	(1		)	32			20,635
Other comprehensive income (loss), net of income taxes	32,613			(245		)	(1		)	51			32,418
Balance, March 31, 2014	$	9,438		$	873		$	(3,312	)	$	(204	)	$	6,795

Balance, December 31, 2014	$	59,239		$	376		$	(2,868	)	$	(74	)	$	56,673
Net change in unrealized gains (losses)	59,387			—			—			—			59,387
Reclassification adjustments included in earnings:
Interest revenue, Investment securities, Taxable securities	—			(179		)	—			—			(179		)
Interest expense, Subordinated debentures	—			—			—			65			65
Net impairment losses recognized in earnings	92			—			—			—			92
Gain on available for sale securities, net	(4,327		)	—			—			—			(4,327		)
Other comprehensive income (loss), before income taxes	55,152			(179		)	—			65			55,038
Federal and state income taxes¹	21,452			(69		)	—			25			21,408
Other comprehensive income (loss), net of income taxes	33,700			(110		)	—			40			33,630
Balance, March 31, 2015	$	92,939		$	266		$	(2,868	)	$	(34	)	$	90,303


¹	Calculated using a 39% effective tax rate.