Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
	(in thousands)
Balance, beginning of period	$	16,862		$	19,178		$	21,019		$	12,211
Other comprehensive income (loss) before reclassification		(1,614	)		1,316			(4,210	)		8,317
Amounts reclassified from accumulated other comprehensive income		(262	)		(582	)		(1,823	)		(616	)
Net current period other comprehensive income (loss)		(1,876	)		734			(6,033	)		7,701
Balance, end of period	$	14,986		$	19,912		$	14,986		$	19,912

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						Nine Months Ended						Affected line item in the
Comprehensive Income	September 30,						September 30,						statement of income
	2021			2020			2021			2020
	(in thousands)
Unrealized gains on debt securities, net of tax	$	331		$	737		$	2,307		$	780		Net realized gains (losses) on investments
		331			737			2,307			780		Income before income taxes
Unrealized gains on debt securities, net of tax		(69	)		(155	)		(484	)		(164	)	Income tax expense
	$	262		$	582		$	1,823		$	616		Net income