3.ACCUMULATED OTHER COMPREHENSIVE INCOME

The following tables illustrate the changes in accumulated other comprehensive income by component and the details about the components of accumulated other comprehensive income as of and for the periods indicated:



As of and for the year ended December 31, 2019
	Unrealized gains
	(losses) on
	available-for-sale
(dollars in thousands)	debt securities
Beginning balance	$	(1,095)

Other comprehensive income before reclassifications, net of tax		4,708
Amounts reclassified from accumulated other comprehensive income, net of tax		(11)
Net current-period other comprehensive income		4,697
Ending balance	$	3,602


As of and for the year ended December 31, 2018
	Unrealized gains
	(losses) on
	available-for-sale
(dollars in thousands)	securities
Beginning balance	$	1,804

Other comprehensive loss before reclassifications, net of tax		(2,470)
Amounts reclassified from accumulated other comprehensive income, net of tax		(8)
Effect of adopting ASU 2016-01, net of tax*		(421)
Net current-period other comprehensive loss		(2,899)
Ending balance	$	(1,095)

*The Company adopted ASU 2016-01 on January 1, 2018. As a result, unrealized gains on equity securities were reclassified from accumulated other comprehensive income to retained earnings.


As of and for the year ended December 31, 2017
	Unrealized gains
	(losses) on
	available-for-sale
(dollars in thousands)	securities
Beginning balance	$	1,381

Other comprehensive income before reclassifications, net of tax		29
Amounts reclassified from accumulated other comprehensive income, net of tax		97
Effect of adopting ASU 2018-02*		297
Net current-period other comprehensive income		423
Ending balance	$	1,804

*The Company elected to reclassify from accumulated other comprehensive income to retained earnings stranded tax effects resulting from the Tax Cuts and Jobs Act at the end of 2017 according to ASU 2018-02. These stranded tax effects were related to the adjustment made to retained earnings at the end of 2017 to re-measure the deferred tax liability for unrealized gains on available for sale securities at the new tax rate effective January 1, 2018.



Details about accumulated other
comprehensive income components	Amount reclassified from accumulated						Affected line item in the statement
(dollars in thousands)	other comprehensive income						where net income is presented


	2019		2018		2017

Unrealized gains (losses) on AFS debt securities	$	14	$	10	$	(147)	Gain (loss) on sale of investment securities
Income tax effect		(3)		(2)		50	Provision for income taxes
Total reclassifications for the period	$	11	$	8	$	(97)	Net income