Navy Federal Credit Union 2013 Annual Report Download - page 24
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Navy Federal Credit Union • 2013 Financial Section
4
2013 ANNUAL REPORT
Consolidated Statements of Comprehensive Income
(dollars in thousands)
Net income $ $
Other comprehensive (loss)/income
Defined benefit pension plans:
Amortization of prior service cost included in net periodic pension cost 3,799 4,813
Amortization of losses included in net periodic pension cost 23,728 22,976
Net unamortized gains/(losses) arising during period 229,808 (64,774)
Unrealized holding (losses)/gains arising during period (527,426) 118,386
Less: reclassification adjustment for gains included in net income (92,610) (40,123)
Unrealized holding gains/(losses) arising during period 18,627 (5,638)
Less: reclassification adjustment for losses included in net income 9,190 1,472
Total other comprehensive (loss)/income
Total comprehensive income $ $
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Changes in Reserves and Undivided Earnings
Comprehensive Income (Loss)
(dollars in thousands)
Reserve
Capital
Reserve
Undivided
Earnings
Available-
Derivatives Total
Balance at
December 31, 2011
$ $ $ $ $ $ $
Other
comprehensive
(loss)/income
— — — (36,985) 78,263 (4,166) 37,112
Net income — — 760,420 — — — 760,420
Discretionary
transfer — 760,420 (760,420) — — — —
Balance at
December 31, 2012
$ $ $ $ $ $ $
Other
comprehensive
income/(loss)
— — — 257,335 (620,036) 27,817 (334,884)
Net income — — 695,838 — — — 695,838
Discretionary
transfer — 695,838 (695,838) — — — —
Balance at
December 31, 2013
$ $ $ $ $ $ $
The accompanying notes are an integral part of these consolidated financial statements.