| Accumulated Balances of Other Comprehensive Income |
The accumulated balances for each classification of other comprehensive income are as follows: | | Unrealized Gains on securities | | | Liability for Pension Benefits | | | Accumulated Other Comprehensive Income | | | | | | | | | | | | | Beginning balance at December 31, 2015 | | $ | 62,478 | | | $ | (36,855 | ) | | $ | 25,623 | | Net current period change | | | 14,761 | | | | 15,728 | | | | 30,489 | | Reclassification adjustments for gains and losses reclassified in income | | | (14,868 | ) | | | 1,151 | | | | (13,717 | ) | Ending balance at December 31, 2016 | | $ | 62,371 | | | $ | (19,976 | ) | | $ | 42,395 | |
|
| Summary of Related Deferred Tax Effects Allocated to Each Component of Other Comprehensive Income |
The related deferred tax effects allocated to each component of other comprehensive income in the accompanying consolidated statements of stockholders’ equity and comprehensive income in 2016, 2015 and 2014 are as follows:
| | | 2016 | | | | | Before-Tax Amount | | | Deferred Tax (Expense) Benefit | | | Net-of-Tax Amount | | | | | | | | | | | | Unrealized holding gains on securities arising during the period | | $ | 18,357 | | | $ | (3,596 | ) | | $ | 14,761 | | Less reclassification adjustment for gains and losses realized in income | | | (17,379 | ) | | | 2,511 | | | | (14,868 | ) | Net change in unrealized gain | | | 978 | | | | (1,085 | ) | | | (107 | ) | Liability for pension benefits: | | | | | | | | | | | | | Reclassification adjustment for amortization of net losses from past experience and prior service costs | | | 1,888 | | | | (737 | ) | | | 1,151 | | Net change arising from assumptions and plan changes and experience | | | 25,783 | | | | (10,055 | ) | | | 15,728 | | Net change in liability for pension benefits | | | 27,671 | | | | (10,792 | ) | | | 16,879 | | Net current period change | | $ | 28,649 | | | $ | (11,877 | ) | | $ | 16,772 | |
| | | 2015 | | | | | Before-Tax Amount | | | Deferred Tax (Expense) Benefit | | | Net-of-Tax Amount | | | | | | | | | | | | | Unrealized holding gains on securities arising during the period | | $ | (25,765 | ) | | $ | 3,153 | | | $ | (22,612 | ) | Less reclassification adjustment for gains and losses realized in income | | | (18,941 | ) | | | 2,564 | | | | (16,377 | ) | Net change in unrealized gain | | | (44,706 | ) | | | 5,717 | | | | (38,989 | ) | Liability for pension benefits: | | | | | | | | | | | | | Reclassification adjustment for amortization of net losses from past experience and prior service costs | | | 6,020 | | | | (2,348 | ) | | | 3,672 | | Net change arising from assumptions and plan changes and experience | | | 19,940 | | | | (7,776 | ) | | | 12,164 | | Net change in liability for pension benefits | | | 25,960 | | | | (10,124 | ) | | | 15,836 | | Net current period change | | $ | (18,746 | ) | | $ | (4,407 | ) | | $ | (23,153 | ) |
| | 2014 | | | | | Before-Tax Amount | | | Deferred Tax (Expense) Benefit | | | Net-of-Tax Amount | | | | | | | | | | | | Unrealized holding gains on securities arising during the period | | $ | 58,831 | | | $ | (8,161 | ) | | $ | 50,670 | | Less reclassification adjustment for gains and losses realized in income | | | (18,231 | ) | | | 3,444 | | | | (14,787 | ) | Net change in unrealized gain | | | 40,600 | | | | (4,717 | ) | | | 35,883 | | Liability for pension benefits: | | | | | | | | | | | | | Reclassification adjustment for amortization of net losses from past experience and prior service costs | | | 3,737 | | | | (1,457 | ) | | | 2,280 | | Net change arising from assumptions and plan changes and experience | | | (35,271 | ) | | | 13,755 | | | | (21,516 | ) | Net change in liability for pension benefits | | | (31,534 | ) | | | 12,298 | | | | (19,236 | ) | Net current period change | | $ | 9,066 | | | $ | 7,581 | | | $ | 16,647 | |
|