ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2019

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 20 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects at the dates indicated (dollars in thousands):

	Year Ended December 31,
	2019		2018
Beginning balance	$	(473)	$	(206)
Cumulative effect of adopting new accounting standard ASU 2016-01, net of taxes		68		—
Beginning balance, as adjusted		(405)		(206)
Total unrealized gains/loss on securities available for sale, net of taxes		1,612		(293)
Amount reclassified from accumulated other comprehensive income, net of tax		—		26
Net current period other comprehensive loss		1,612		(267)
Ending balance	$	1,207	$	(473)

The proceeds from calls of securities and associated losses during the years ended December 31, 2019 and December 31, 2018 were $1.1 million and $1.5 million, respectively. There was no gain or loss associated with the call of securities in 2019. The following table shows the amounts reclassified out of each component of accumulated other comprehensive loss for the loss on the call of securities during the year ended December 31, 2019.

	Year Ended December 31,
	2019		2018		Affected line item in the Consolidated Statements of Operations
Realized loss on call of available-for-sale securities	$	—	$	(37)	Losses on call of securities
Income tax benefit		—		11	Income tax expense
Total reclassifications, net of income tax	$	—	$	(26)