Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Changes in Accumulated Other Comprehensive Income (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive income for each period presented in the interim financial statements.

	Three Months Ended March 31,
	2022			2021
	(in thousands)
Balance, beginning of period	$	13,537		$	21,019
Other comprehensive loss before reclassification		(13,170	)		(4,735	)
Amounts reclassified from accumulated other comprehensive income		(310	)		(313	)
Net current period other comprehensive loss		(13,480	)		(5,048	)
Balance, end of period	$	57		$	15,971

Reclassification Out of Accumulated Other Comprehensive Income

The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.

Component of Accumulated Other Comprehensive Income	Three Months Ended March 31,						Affected line item in the statement of income
	2022			2021
	(in thousands)
Unrealized gains on debt securities, net of tax	$	393		$	396		Net realized gains on investments
		393			396		Income before income taxes
Unrealized gains on debt securities, net of tax		(83	)		(83	)	Income tax expense
	$	310		$	313		Net income