Comprehensive Income and Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive income (loss) for each period presented in the interim financial statements.

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
	(in thousands)
Balance, beginning of period	$	57		$	15,971		$	13,537		$	21,019
Other comprehensive income (loss) before reclassification		(8,248	)		2,139			(21,705	)		(2,596	)
Amounts reclassified from accumulated other comprehensive income (loss)		(683	)		(1,248	)		(706	)		(1,561	)
Net current period other comprehensive income (loss)		(8,931	)		891			(22,411	)		(4,157	)
Balance, end of period	$	(8,874	)	$	16,862		$	(8,874	)	$	16,862

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

The effects of reclassifications out of accumulated other comprehensive income (loss) 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 (Loss)	June 30,						June 30,						statement of income
	2022			2021			2022			2021
	(in thousands)
Unrealized gains on debt securities, net of tax	$	865		$	1,580		$	894		$	1,976		Net realized gains on investments
		865			1,580			894			1,976		Income before income taxes
Unrealized gains on debt securities, net of tax		(182	)		(332	)		(188	)		(415	)	Income tax expense
	$	683		$	1,248		$	706		$	1,561		Net income