Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2018

The following table summarizes activity in the unrealized gain or loss on available for sale securities included in other comprehensive income (loss) for the years ended December 31, 2018, 2017 and 2016.



For the years ended December 31,	2018			2017			2016
Balance at beginning of year	$	(2,901,000	)	$	(935,000	)	$	1,123,000
Unrealized losses arising during the year	(2,585,000		)	(1,763,000		)	(2,493,000		)
Reclassification of realized gains during the year	(137,000		)	(471,000		)	(673,000		)
Related deferred taxes	572,000			782,000			1,108,000
Reclassification adjustment for effect of enacted tax law changes	—			(514,000		)	—
Net change	(2,150,000		)	(1,966,000		)	(2,058,000		)
Balance at end of year	$	(5,051,000	)	$	(2,901,000	)	$	(935,000	)

The reclassification of realized gains is included in the net securities gains line of the consolidated statements of income and comprehensive income and the tax effect is included in the income tax expense line of the same statement.

The following table summarizes activity in the unrealized loss on securities transferred from available for sale to held to maturity included in other comprehensive income (loss) for the years ended December 31, 2018, 2017, and 2016.



For the years ended December 31,	2018			2017			2016
Balance at beginning of year	$	(174,000	)	$	(129,000	)	$	(112,000	)
Amortization of net unrealized losses	(29,000		)	(22,000		)	(26,000		)
Related deferred taxes	6,000			8,000			9,000
Reclassification adjustment for effect of enacted tax law changes	—			(31,000		)	—
Net change	(23,000		)	(45,000		)	(17,000		)
Balance at end of year	$	(197,000	)	$	(174,000	)	$	(129,000	)

The following table represents the effect of the Company's derivative financial instruments included in other comprehensive income (loss) for the years ended December 31, 2018, 2017, and 2016.



For the years ended December 31,	2018			2017			2016
Balance at beginning of year	$	1,544,000		$	1,163,000		$	—
Unrealized gains (losses) on cash flow hedging derivatives arising during the year	(134,000		)	165,000			1,790,000
Related deferred taxes	28,000			(58,000		)	(627,000		)
Reclassification adjustment for effect of enacted tax law changes	—			274,000			—
Net change	(106,000		)	381,000			1,163,000
Balance at end of year	$	1,438,000		$	1,544,000		$	1,163,000

The following table summarizes activity in the unrealized gain or loss on postretirement benefits included in other comprehensive income (loss) for the years ended December 31, 2018, 2017, and 2016:



For the years ended December 31,	2018			2017			2016
Unrecognized postretirement benefits at beginning of year	$	(147,000	)	$	(102,000	)	$	(156,000	)
Change in unamortized net actuarial gain (loss)	233,000			(30,000		)	84,000
Related deferred taxes	(49,000		)	11,000			(30,000		)
Reclassification adjustment for effect of enacted tax law changes	—			(26,000		)	$	—
Net change	184,000			(45,000		)	$	54,000
Unrecognized postretirement benefits at end of year	$	37,000		$	(147,000	)	$	(102,000	)

The reclassification of accumulated losses is a component of net periodic benefit cost (see Note 12) and the income tax effect is included in the income tax expense line of the consolidated statements of income and comprehensive income.