Comprehensive Income (Loss) Note [Text Block] |
Note 16: Other Comprehensive Income (loss)
The components of other comprehensive income (loss) and other related tax effects were:
| | 2020 | |
| | Before tax | | | Tax effect | | | Net of tax | |
| | (In thousands) | |
Debt securities available for sale: | | | | | | | | | | | | |
Net unrealized gains arising during the year | | $ | 125,519 | | | $ | (37,108 | ) | | $ | 88,411 | |
Reclassification of gains included in net income | | | (71 | ) | | | 21 | | | | (50 | ) |
Other comprehensive income | | $ | 125,448 | | | $ | (37,087 | ) | | $ | 88,361 | |
| | 2019 | |
| | Before tax | | | Tax effect | | | Net of tax | |
| | (In thousands) | |
Debt securities available for sale: | | | | | | | | | | | | |
Net unrealized gains arising during the year | | $ | 93,936 | | | $ | (27,771 | ) | | $ | 66,165 | |
Reclassification of gains included in net income | | | (167 | ) | | | 49 | | | | (118 | ) |
Other comprehensive income | | $ | 93,769 | | | $ | (27,722 | ) | | $ | 66,047 | |
| | 2018 | |
| | Before tax | | | Tax effect | | | Net of tax | |
| | (In thousands) | |
Debt securities available for sale: | | | | | | | | | | | | |
Net unrealized losses arising during the year | | $ | (27,939 | ) | | $ | 8,258 | | | $ | (19,681 | ) |
Reclassification of losses included in net income | | | - | | | | - | | | | - | |
Other comprehensive loss | | $ | (27,939 | ) | | $ | 8,258 | | | $ | (19,681 | ) |
Accumulated other comprehensive income (loss) balances were:
| | Accumulated Other Comprehensive (Loss) Income | |
| | | | |
Balance, December 31, 2017 | | $ | (16,832 | ) |
Cumulative effect of equity securities losses reclassified | | | 142 | |
Adjusted Balance, January 1, 2018 | | | (16,690 | ) |
Reclass stranded tax effects resulting from the Tax Cuts and Jobs Act of2017 | | | (3,625 | ) |
Changes in unrealized gains (losses) on debt securities available for sale, net of tax | | | (19,681 | ) |
Balance, December 31, 2018 | | | (39,996 | ) |
Changes in unrealized gains (losses) on debt securities available for sale, net of tax | | | 66,047 | |
Balance, December 31, 2019 | | | 26,051 | |
Changes in unrealized gains (losses) on debt securities available for sale, net of tax | | | 88,361 | |
Balance, December 31, 2020 | | | 114,412 | |
|