Change in Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2016

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

Change in Accumulated Other Comprehensive Income

NOTE 12. Change in Accumulated Other Comprehensive Income

Accumulated other comprehensive income includes unrealized gains and losses on available for sale securities, change in fair value of interest rate swaps and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive income are presented net of their tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income by component are shown in the following tables for the periods indicated:

	Three Months Ended
	June 30,
	2016										2015
	Unrealized Gains and Losses on Available for Sale Securities			Change in Fair Value of Interest Rate Swap		Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Fair Value of Interest Rate Swap			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)
April 1	$	1,575		$	—	$	39	$	1,614		$	1,863		$	(179	)	$	39	$	1,723
Other comprehensive income (loss) before reclassifications	652			—		—		652			(1,512		)	35			—		(1,477		)
Reclassifications adjustments	—			—		—		—			(22		)	—			—		(22		)
Tax effect of current period changes	(222		)	—		—		(222		)	522			(12		)	—		510
Current period changes net of taxes	430			—		—		430			(1,012		)	23			—		(989		)
June 30	$	2,005		$	—	$	39	$	2,044		$	851		$	(156	)	$	39	$	734

	Six Months Ended
	June 30,
	2016										2015
	Unrealized Gains and Losses on Available for Sale Securities			Change in Fair Value of Interest Rate Swap		Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Fair Value of Interest Rate Swap			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)
January 1	$	1,012		$	—	$	39	$	1,051		$	1,466		$	(190	)	$	39	$	1,315
Other comprehensive income (loss) before reclassifications	1,590			—		—		1,590			(836		)	52			—		(784		)
Reclassifications adjustments	(86		)	—		—		(86		)	(96		)	—			—		(96		)
Tax effect of current period changes	(511		)	—		—		(511		)	317			(18		)	—		299
Current period changes net of taxes	993			—		—		993			(615		)	34			—		(581		)
June 30	$	2,005		$	—	$	39	$	2,044		$	851		$	(156	)	$	39	$	734

For the three and six months ended June 30, 2016, none and $86 thousand, respectively, was reclassified out of accumulated other comprehensive income and appeared as Gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was zero and $29 thousand, respectively, for the three and six months ended June 30, 2016. For the three and six months ended June 30, 2015, $22 thousand and $96 thousand, respectively, was reclassified out of comprehensive income and appeared as Gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $7 thousand and $33 thousand, respectively, for the three and six months ended June 30, 2015. The tax is included in Income Tax Expense in the Consolidated Statements of Income.