Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

9. Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income (“AOCI”) are as follows:

	Six Months Ended June 30,
	2020		2019
		(in thousands)
Beginning Balance	$	4,686	$	(563)
Other comprehensive income before reclassification		6,277		6,444
Federal income tax (expense) benefit		(1,318)		(917)
Other comprehensive income (loss) before reclassification, net of tax		4,959		5,527
Amounts reclassified from AOCI		(147)		(53)
Federal income tax expense		31		11
Amounts reclassified from AOCI, net of tax		(116)		(42)
Other comprehensive income		4,843		5,485
Balance at end of period	$	9,529	$	4,922