Three months ended

Six months ended

June 30,

2020

2019

2020

2019

Beginning balance

$

4,289

$

(147)

$

1,207

$

(473)

Cumulative effect of adopting new accounting standard ASU 2016-01, net of taxes

—

68

Balance net of cumulative effect of adopting ASU 2016-01

$

4,289

$

(147)

$

1,207

$

(405)

Other comprehensive income, net of tax:

Unrealized gain (loss) on securities available for sale

Unrealized holding gain (loss) arising during the period

$

(1,428)

$

1,009

$

5,110

$

1,394

Reclassification adjustment for gain included in net income

(2,312)

—

(3,286)

—

Tax effect

1,179

(315)

(577)

(442)

Net of tax

$

(2,561)

$

694

$

1,247

$

952

Unrealized loss on cash flow hedges

Unrealized holding loss arising during the period

$

(817)

$

—

$

(1,877)

$

—

Tax effect

258

—

592

—

Net of tax

$

(559)

$

—

$

(1,285)

$

—

Net current period other comprehensive income (loss)

$

(3,120)

$

694

$

(38)

$

952

Ending balance

$

1,169

$

547

$

1,169

$

547