NOTE 10. Change in Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) includes unrealized gains and losses on available for sale securities and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive income (loss) are presented net of their tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income (loss) are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income (loss) by component are shown in the following tables for the periods indicated:




	Three Months Ended
	June 30,
	2018								2017
	Unrealized Gains and (Losses) on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and (Losses) on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)
April 1	$	(2,327	)	$	44	$	(2,283	)	$	(134	)	$	39	$	(95	)
Other comprehensive (loss) income before reclassifications	(443		)	—		(443		)	1,750			—		1,750
Reclassifications	—			—		—			(1		)	—		(1		)
Tax effect of current period changes	93			—		93			(595		)	—		(595		)
Current period changes net of taxes	(350		)	—		(350		)	1,154			—		1,154
June 30	$	(2,677	)	$	44	$	(2,633	)	$	1,020		$	39	$	1,059



	Six Months Ended
	June 30,
	2018								2017
	Unrealized Gains and (Losses) on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and (Losses) on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)
January 1	$	266		$	44	$	310		$	(63	)	$	39	$	(24	)
Other comprehensive (loss) income before reclassifications	(3,714		)	—		(3,714		)	1,692			—		1,692
Reclassifications	(11		)	—		(11		)	(51		)	—		(51		)
Tax effect of current period changes	782			—		782			(558		)	—		(558		)
Current period changes net of taxes	(2,943		)	—		(2,943		)	1,083			—		1,083
June 30	$	(2,677	)	$	44	$	(2,633	)	$	1,020		$	39	$	1,059

For the three and six months ended June 30, 2018, zero and $11 thousand, respectively, was reclassified out of accumulated other comprehensive income (loss) and appeared as Gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassification was zero and $2 thousand for the three and six months ended June 30, 2018, respectively. For the three and six months ended June 30, 2017, $1 thousand and $51 thousand, respectively, was reclassified out of accumulated other comprehensive income (loss) and appeared as Gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassification was zero and $17 thousand for the three and six months ended June 30, 2017, respectively. The tax related to reclassifications in both periods is included in Income Tax Expense in the Consolidated Statements of Income.