Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2021

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,
	2021			2020
	(in thousands)
Balance, beginning of period	$	21,019		$	12,211
Other comprehensive income (loss) before reclassification		(4,735	)		1,830
Amounts reclassified from accumulated other comprehensive income		(313	)		(346	)
Net current period other comprehensive income (loss)		(5,048	)		1,484
Balance, end of period	$	15,971		$	13,695

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						Affected line item in the
Comprehensive Income	March 31,						statement of income
	2021			2020
	(in thousands)
Unrealized gains on available-for-sale securities	$	396		$	438		Net realized gains on investments
		396			438		Income before income taxes
		(83	)		(92	)	Income tax expense
	$	313		$	346		Net income