NOTE 11. Change in Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) includes unrealized gains and losses on available for sale securities and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive income (loss) are presented net of their tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income (loss) are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income (loss) by component are shown in the following tables for the periods indicated:




	Three Months Ended
	September 30,
	2017								2016
	Unrealized Gains and (Losses) on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and (Losses) on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)
July 1	$	1,020		$	39	$	1,059		$	2,005		$	39	$	2,044
Other comprehensive (loss) income before reclassifications	(338		)	—		(338		)	(111		)	—		(111		)
Reclassification adjustments	(26		)	—		(26		)	(8		)	—		(8		)
Tax effect of current period changes	124			—		124			40			—		40
Current period changes net of taxes	(240		)	—		(240		)	(79		)	—		(79		)
September 30	$	780		$	39	$	819		$	1,926		$	39	$	1,965



	Nine Months Ended
	September 30,
	2017								2016
	Unrealized Gains and (Losses) on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and (Losses) on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)
January 1	$	(63	)	$	39	$	(24	)	$	1,012		$	39	$	1,051
Other comprehensive income before reclassifications	1,354			—		1,354			1,479			—		1,479
Reclassification adjustments	(77		)	—		(77		)	(94		)	—		(94		)
Tax effect of current period changes	(434		)	—		(434		)	(471		)	—		(471		)
Current period changes net of taxes	843			—		843			914			—		914
September 30	$	780		$	39	$	819		$	1,926		$	39	$	1,965

For the three and nine months ended September 30, 2017, $26 thousand and $77 thousand, respectively was reclassified out of accumulated other comprehensive income (loss) and appeared as Gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was nine thousand and $26 thousand for the three and nine months ended September 30, 2017, respectively. For the three and nine months ended September 30, 2016, eight thousand and $94 thousand, respectively was reclassified out of accumulated other comprehensive income (loss) and appeared as Gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was three thousand and $32 thousand for the three and nine months ended September 30, 2016. The tax is included in Income Tax Expense in the Consolidated Statements of Income.