Changes in Accumulated Other Comprehensive Income by Component (Tables)

9 Months Ended

Sep. 30, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income

The following table provides a summary of the changes in accumulated other comprehensive income for the nine months ended September 30, 2016 and 2015:

	Unrealized Gains and Losses on Available for Sale Securities (1)
	Nine Months Ended September 30,
	2016			2015
Accumulated other comprehensive income — beginning balance	$	543,000		$	25,000
Other comprehensive income before reclassifications	914,000			184,000
Amounts reclassified from accumulated other comprehensive income (2)(3)	(149,000		)	(3,000		)
Net current period change in other comprehensive income	765,000			181,000
Accumulated other comprehensive income — ending balance	$	1,308,000		$	206,000

⁽¹⁾  All amounts are net of tax.

⁽²⁾  Realized gains and losses are recorded pre-tax under “Other income - Investment and interest” on our consolidated statements of comprehensive income.

⁽³⁾  For the nine months ended September 30, 2016 and 2015, the Company recorded $226,000 and $5,000, respectively, of realized gains from the sale of available for sale securities. Refer to Note 5 herein for further information.