Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2019

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 June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
	(in thousands)
Beginning balance	$	4,962		$	(2,236	)	$	(832	)	$	3,612
Other comprehensive income (loss) before reclassification		5,001			(449	)		10,889			(5,863	)
Amounts reclassified from accumulated other comprehensive income		(21	)		602			83			168
Change in deferred tax valuation allowance		198			—			—			—
Net current period other comprehensive income (loss)		5,178			153			10,972			(5,695	)
Ending balance	$	10,140		$	(2,083	)	$	10,140		$	(2,083	)

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	Three Months Ended						Six Months Ended						Affected line item in the
Comprehensive Income	June 30,						June 30,						statement of income
	2019			2018			2019			2018
	(in thousands)
Unrealized gains (losses) on available-for-sale securities	$	26		$	(762	)	$	(105	)	$	(466	)	Net realized losses on investments
		26			(762	)		(105	)		(466	)	Income before income taxes
		(5	)		160			22			44		Income tax expense
	$	21		$	(602	)	$	(83	)	$	(422	)	Net income