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Comprehensive Income and Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (AOCI) The following table illustrates the changes in the balance of each component of accumulated other comprehensive income for each period presented in the interim financial statements.

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Beginning balance

 

$

(832

)

 

$

3,612

 

Other comprehensive income (loss) before

   reclassification

 

 

5,981

 

 

 

(5,634

)

Amounts reclassified from accumulated other

   comprehensive income

 

 

11

 

 

 

(214

)

Change in deferred tax valuation allowance

 

 

(198

)

 

 

 

Net current period other comprehensive

   income (loss)

 

 

5,794

 

 

 

(5,848

)

Ending balance

 

$

4,962

 

 

$

(2,236

)

 

Reclassification Out of Accumulated Other Comprehensive Income The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.

 

Component of Accumulated Other Comprehensive

Income

 

Three Months Ended March 31,

 

 

Affected line item in the statement

of income

 

 

2019

 

 

2018

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

Unrealized gains (losses) on available-for-

   sale securities

 

$

(14

)

 

$

17

 

 

Net realized gains (losses) on investments

 

 

 

(14

)

 

 

17

 

 

Income before income taxes

 

 

 

3

 

 

 

(57

)

 

Income tax expense

 

 

$

(11

)

 

$

(40

)

 

Net income