The changes in accumulated other comprehensive income balances as of September 30, 2019 and 2018 were as follows (in thousands):


					Accumulated Other
	Pension		Unrealized		Comprehensive
	Liability		Gains (Loss)		Income (Loss)
Balance at December 31, 2017	$	(2,310)	$	14,544	$	12,234
Other comprehensive income:
Change in net actuarial gain		80		—		80
Tax effect on change in net actuarial gain		(17)		—		(17)
Unrealized holding gains arising during the period		—		1,909		1,909
Tax effect on unrealized gains arising during the period		—		(401)		(401)
Reclassification adjustment for realized (gains) losses included in investment gains and losses		—		159		159
Tax effect on reclassification adjustment for gains (losses) included in income tax expense		—		(33)		(33)
Other comprehensive income, net of tax		63		1,634		1,697
Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018		(569)		3,188		2,619
Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018		—		(16,993)		(16,993)

Balance at September 30, 2018	$	(2,816)	$	2,373	$	(443)

Balance at December 31, 2018	$	(3,334)	$	(3,326)	$	(6,660)
Other comprehensive income:
Change in net actuarial gain		108		—		108
Tax effect on change in net actuarial gain		(23)		—		(23)
Unrealized holding gains arising during the period		—		13,010		13,010
Tax effect on unrealized gains arising during the period		—		(2,732)		(2,732)
Reclassification adjustment for (gains) losses included in net realized gains		—		(4,376)		(4,376)
Tax effect on reclassification adjustment for gains (losses) included in income tax expense		—		919		919
Other comprehensive income, net of tax		85		6,821		6,906
Balance at September 30, 2019	$	(3,249)	$	3,495	$	246