Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Changes in Accumulated Other Comprehensive Income (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive income for each period presented in the interim financial statements.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2019		2018			2019			2018
	(in thousands)
Balance, beginning of period	$	10,140	$	(2,083	)	$	(832	)	$	3,612
Other comprehensive income (loss) before reclassification		2,467		(2,143	)		12,844			(7,964	)
Amounts reclassified from accumulated other comprehensive income		8		25			603			151
Net current period other comprehensive income (loss)		2,475		(2,118	)		13,447			(7,813	)
Balance, end of period	$	12,615	$	(4,201	)	$	12,615		$	(4,201	)

Reclassification Out of Accumulated Other Comprehensive Income

The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.

Component of Accumulated Other	Three Months Ended						Nine Months Ended						Affected line item in the
Comprehensive Income	September 30,						September 30,						statement of income
	2019			2018			2019			2018
	(in thousands)
Unrealized losses on available-for-sale securities	$	(10	)	$	(32	)	$	(764	)	$	(445	)	Net realized losses on investments
		(10	)		(32	)		(764	)		(445	)	Income before income taxes
		2			7			161			40		Income tax expense
	$	(8	)	$	(25	)	$	(603	)	$	(405	)	Net income