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OTHER COMPREHENSIVE INCOME (LOSS)
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS)
The following tables show the tax effects allocated to each component of other comprehensive loss for the
three months ended March 31, 2021 and 2020:
Three months ended
March 31, 2021March 31, 2020
Before-Tax
Amount
Tax
Expense
Net-of-Tax
Amount
Before-Tax
Amount
Tax
Expense
Net-of-Tax
Amount
Unrealized gains on securities:
Net unrealized losses arising during the period$(672)$186 $(486)$(1,643)$452 $(1,191)
Reclassification adjustment for gains included in net income— — — 73 (20)53 
Other comprehensive loss$(672)$186 $(486)$(1,570)$432 $(1,138)
The changes in the accumulated balances for each component of other comprehensive income (loss), net of tax for the twelve months ended December 31, 2020 and the three months ended March 31, 2021 were as follows:
Unrealized
Gains (Losses)
on
Securities
Other Accumulated
Comprehensive
Income (Loss), net of tax
Beginning Balance, January 1, 2020$(649)$(471)
Current year-to-date other comprehensive income2,705 1,961 
Ending balance, December 31, 2020$2,056 $1,490 
Current year-to-date other comprehensive loss(672)(486)
Ending balance, March 31, 2021$1,384 $1,004 
Reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2021 were as follows:
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
Details about Accumulated Other Comprehensive Income (Loss) ComponentsThree months ended March 31, 2021(1)Affected Line Item on the Statement of Operations
Unrealized gains and losses
Sale of securities$— Net gains on investment securities
Tax Effect— Provision for income taxes
Total reclassifications for the period$— Net gain attributable to common shareholders
(1)    Amounts in parentheses indicate decreases to income/loss.
Reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2020 were as follows:
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
Details about Accumulated Other Comprehensive Income (Loss) ComponentsThree months ended March 31, 2020(1)Affected Line Item on the Statement of Operations
Unrealized gains and losses
Sale of securities$73 Net gains on investment securities
Tax Effect(20)Provision for income taxes
Total reclassifications for the period$53 Net gain attributable to common shareholders
(1)    Amounts in parentheses indicate decreases to profit/loss.