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Change in Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Change in Accumulated Other Comprehensive Income
NOTE 10. Change in Accumulated Other Comprehensive Income

Accumulated other comprehensive income 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 are presented net of their tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income by component are shown in the following tables for the periods indicated:
 
 
 
 
 
 
 
 
Three Months Ended
 
June 30,
 
2020
2019
 
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
$
4,254

$
44

$
4,298

$
93

$
44

$
137

Other comprehensive income before reclassifications
72


72

1,650


1,650

Reclassifications
(529
)

(529
)



Tax effect of current period changes
96


96

(346
)

(346
)
Current period changes net of taxes
(361
)

(361
)
1,304


1,304

June 30
$
3,893

$
44

$
3,937

$
1,397

$
44

$
1,441

 
Six Months Ended
 
June 30,
 
2020
2019
 
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
$
1,438

$
44

$
1,482

$
(1,597
)
$
44

$
(1,553
)
Other comprehensive income before reclassifications
3,637


3,637

3,787


3,787

Reclassifications
(529
)

(529
)
3


3

Tax effect of current period changes
(653
)

(653
)
(796
)

(796
)
Current period changes net of taxes
2,455


2,455

2,994


2,994

June 30
$
3,893

$
44

$
3,937

$
1,397

$
44

$
1,441




For the three months ended June 30, 2020 and 2019, $529 thousand and zero, respectively was reclassified out of accumulated other comprehensive income and appeared as a gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $111 thousand and zero for the three months ended June 30, 2020 and 2019, respectively. For the six months ended June 30, 2020 and 2019, $529 thousand and $(3) thousand, respectively, was reclassified out of accumulated other comprehensive income and appeared as gain (loss) on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $111 thousand and $(1) thousand for the six months ended June 30, 2020 and 2019, respectively. The tax related to reclassifications is included in Income Tax Expense in the Consolidated Statements of Income.