Equity

3 Months Ended

Mar. 31, 2019

EQUITY

Accumulated Other Comprehensive Income (Loss)

Components of accumulated other comprehensive income (loss) were as follows for the three months ended March 31:


	2019		2018
	(In thousands)
Unrealized appreciation (loss) on securities, before tax	$	31	$	(234)
Tax benefit (expense)	(7)		58		⁽¹⁾
Unrealized appreciation (loss) on securities, net of tax	$	24	$	(176)

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1.Due to the implementation of ASU 2018-02, the tax rate changed from 37.75% to 24.5%.

Changes in accumulated other comprehensive income by component, net of tax, for the three months ended March 31 are as follows:


	Net Gains on Equity Securities
	2019		2018
	(In thousands)
Balance at December 31:	$	(481)	$	63
Adjustment due to ASU 2018-02	—		13		⁽¹⁾
Balance at January 1:	(481)		76
Unrealized appreciation (loss) before reclassifications	24		(176)		⁽¹⁾
Amounts reclassified from accumulated other comprehensive income	—		—
Net current-period other comprehensive income (loss)	24		(176)
Balance at March 31:	$	(457)	$	(100)

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1.Due to the implementation of ASU 2018-02, the tax rate changed from 37.75% to 24.5%.