Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2018

Components of Other Comprehensive Income (Loss) Pre-Tax and After-Tax

The following table provides the components of other comprehensive income (loss) on a pre-tax and after-tax basis for the periods presented (in thousands):

	Three Months Ended March 31,
	2018									2017
	Pre-tax			Tax			After-tax			Pre-tax		Tax		After-tax
Net changes related to available-for-sale securities:
Unrealized holding gains (losses) arising during the period	$	(8,034	)	$	(1,889	)	$	(6,145	)	$	3,925	$	1,500	$	2,425
Less: Reclassification adjustment for (gains) losses realized in net income		2,765			670			2,095			63		24		39
Other comprehensive income (loss)		(5,269	)		(1,219	)		(4,050	)		3,988		1,524		2,464
Reclassification adjustments to retained earnings (1)		5,830			2,811			3,019			—		—		—
Change in accumulated other comprehensive income (loss)	$	561		$	1,592		$	(1,031	)	$	3,988	$	1,524	$	2,464

(1)

This amount represents reclassifications to retained earnings associated with stranded tax effects in AOCI and Unrealized Losses in AOCI relating to Available for Sale equity security investments. See “—Note 2 — Significant Accounting Polices – Recently Adopted Accounting Pronouncements” for more information.

Reclassifications Out of Accumulated Other Comprehensive Income

The following table provides the reclassifications out of accumulated other comprehensive income for the periods presented (in thousands):

	Amount Reclassified from Accumulated
	Other Comprehensive Income (Loss)
Details about Accumulated Other	Three Months Ended March 31,						Affected Line Item in the Statement
Comprehensive Income (Loss) Components	2018			2017			Where Net Income is Presented
Unrealized gains (losses) on available-for-sale debt securities
	$	(2,765	)	$	(63	)	Net realized gains (losses) sale of securities
		670			24		Income taxes
Total reclassification for the period	$	(2,095	)	$	(39	)	Net of tax