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OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS)
OTHER COMPREHENSIVE INCOME (LOSS)
The following table shows the tax effects allocated to each component of other comprehensive income for the six months ended June 30, 2019 and 2018:
 
2019
 
2018
 
Before-Tax
Amount
 
Tax
Expense
 
Net-of-Tax
Amount
 
Before-Tax
Amount
 
Tax
Expense
 
Net-of-Tax
Amount
Unrealized gains (losses) on securities:
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains (losses) arising during the period
$
2,482

 
$
(683
)
 
$
1,799

 
$
(1,747
)
 
$
388

 
$
(1,359
)
Reclassification adjustment for gains (losses) included in net income
55

 
(15
)
 
40

 
(17
)
 
4

 
(13
)
Reclassification of certain deferred tax effects (1)
—

 
—

 
—

 
(137
)
 
—

 
(137
)
Adoption of ASU 2016-01; Equity securities
(62
)
 
17

 
(45
)
 
—

 
—

 
—

Other comprehensive income (loss)
$
2,475

 
$
(681
)
 
$
1,794

 
$
(1,901
)
 
$
392

 
$
(1,509
)

(1) Amounts reclassified to retained earnings due to early adoption of ASU 2018-02. For further information, refer to Note 1.
The changes in the accumulated balances for each component of other comprehensive income (loss) for the three months ended December 31, 2018 and the six months ended June 30, 2019 were as follows:
 
Unrealized
Gains (Losses)
on
Securities
 
Other Accumulated
Comprehensive
Income (Loss)
Ending Balance, October 1, 2018
$
(2,706
)
 
$
(2,706
)
Current year-to-date other comprehensive loss, net of tax
865

 
865

Ending balance, three months ended December 31, 2018
$
(1,841
)
 
$
(1,841
)
Current year-to-date other comprehensive loss, net of tax
1,794

 
1,794

Ending balance, June 30, 2019
$
(47
)
 
$
(47
)

Reclassifications out of accumulated other comprehensive income (loss) for the six months ended June 30, 2019 were as follows:
Details about Accumulated Other Comprehensive Income Components
 
Amounts Reclassified from Accumulated Other Comprehensive Income
(1)
Affected Line Item on the Statement of Operations
Unrealized gains and losses
 
 
 
 
Gain on equity securities
 
$
21

 
Gain on investment securities
Tax Effect
 
(6
)
 
Provision for income taxes
Total reclassifications for the period
 
$
15

 
Net income attributable to common shareholders
(1)    Amounts in parentheses indicate decreases to income/loss.
Reclassifications out of accumulated other comprehensive income for the six months ended June 30, 2018 were as follows:
Details about Accumulated Other Comprehensive Income Components
 
Amounts Reclassified from Accumulated Other Comprehensive Income
(1)
Affected Line Item on the Statement of Operations
Unrealized gains and losses
 
 
 
 
Sale of securities
 
$
4

 
Net loss on investment securities
Tax Effect
 
(1
)
 
Benefit for income taxes
Total reclassifications for the period
 
$
3

 
Net loss attributable to common shareholders
(1)    Amounts in parentheses indicate decreases to profit/loss.