Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
	(in thousands)
Balance, beginning of period	$	15,971		$	13,695		$	21,019		$	12,211
Other comprehensive income (loss) before reclassification		2,139			5,588			(2,596	)		7,373
Amounts reclassified from accumulated other comprehensive income		(1,248	)		(105	)		(1,561	)		(406	)
Net current period other comprehensive income (loss)		891			5,483			(4,157	)		6,967
Balance, end of period	$	16,862		$	19,178		$	16,862		$	19,178

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
	2021			2020			2021			2020
	(in thousands)
Unrealized gains on available-for-sale securities	$	1,580		$	133		$	1,976		$	514		Net realized gains on investments
		1,580			133			1,976			514		Income before income taxes
		(332	)		(28	)		(415	)		(108	)	Income tax expense
	$	1,248		$	105		$	1,561		$	406		Net income