Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2021

The following table provides the components of other comprehensive income (loss) on a pre-tax and after-tax basis for the periods presented (in thousands):


	Three Months Ended September 30,

	2021						2020
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Net changes related to available-for-sale securities:
Unrealized holding gains (losses) arising during the period	$	(1,635)	$	(334)	$	(1,301)	$	5,518	$	1,359	$	4,159
Less: Reclassification adjustments for (gains) losses realized in net income (loss)	(690)		(164)		(526)		(53,827)		(13,247)		(40,580)
Other comprehensive income (loss)	$	(2,325)	$	(498)	$	(1,827)	$	(48,309)	$	(11,888)	$	(36,421)



	Nine Months Ended September 30,
	2021						2020
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Net changes related to available-for-sale securities:
Unrealized holding gains (losses) arising during the period	$	(13,796)	$	(3,241)	$	(10,555)	$	28,953	$	7,320	$	21,633
Less: Reclassification adjustments for (gains) losses realized in net income (loss)	(243)		(57)		(186)		(54,294)		(13,362)		(40,932)
Other comprehensive income (loss)	(14,039)		(3,298)		(10,741)		(25,341)		(6,042)		(19,299)
Reclassification adjustment to retained earnings (1)	—		—		—		791		194		597
Change in accumulated other comprehensive income (loss)	$	(14,039)	$	(3,298)	$	(10,741)	$	(24,550)	$	(5,848)	$	(18,702)

(1)Effective January 1, 2020, the Company adopted Accounting Standard Update 2016-13. This amount represents reclassifications to retained earnings associated with the allowance for expected credit losses within accumulated other comprehensive income relating to available-for-sale debt security investments.

The following table provides the reclassification adjustments for gains (losses) out of accumulated other comprehensive income for the periods presented (in thousands):


Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)								Affected Line Item in the Statement Where Net Income is Presented
	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Unrealized gains (losses) on available-for-sale debt securities
	$	690	$	53,827	$	243	$	54,294	Net realized gains (losses) on sale of securities
	(164)		(13,247)		(57)		(13,362)		Income taxes
Total reclassification for the period	$	526	$	40,580	$	186	$	40,932	Net of tax