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COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2019
COMPREHENSIVE INCOME (LOSS)  
COMPREHENSIVE INCOME (LOSS)

20.COMPREHENSIVE INCOME (LOSS)

 

Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income.  Although certain changes in assets and liabilities are reported as a separate component of the retained earnings section of the balance sheets, such items, along with net income, are components of comprehensive income (loss).

 

The components of accumulated other comprehensive income (loss), included in stockholders’ equity, are as follows:

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

    

2019

    

2018

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

Net unrealized gain (loss)

 

$

1,899

 

$

(3,023)

 

Related tax effect

 

 

(419)

 

 

665

 

Total accumulated other comprehensive income (loss)

 

$

1,480

 

$

(2,358)

 

 

 

The following tables present changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2019, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

2019

 

2018

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available

 

Available

 

Available

 

Directors'

 

 

 

 

for Sale

 

for Sale

 

for Sale

 

Retirement

 

 

 

 

Securities

 

Securities

 

Securities

 

Plan

 

Total

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of year

 

$

(2,358)

 

$

(528)

 

$

(665)

 

$

(625)

 

$

(1,290)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) before reclassifications

 

 

6,266

 

 

(2,212)

 

 

211

 

 

 —

 

 

211

Reclassification of stranded effect of tax rate change

 

 

 —

 

 

(104)

 

 

 —

 

 

 —

 

 

 —

Amounts reclassified from accumulated other comprehensive income

 

 

(1,344)

 

 

 —

 

 

 —

 

 

1,162

 

 

1,162

Gains (losses) arising during the period and prior service cost

 

 

 —

 

 

 —

 

 

 —

 

 

(146)

 

 

(146)

Net current period other comprehensive income (loss)

 

 

4,922

 

 

(2,316)

 

 

211

 

 

1,016

 

 

1,227

Related tax effect

 

 

(1,084)

 

 

486

 

 

(74)

 

 

(391)

 

 

(465)

Balance at end of year

 

$

1,480

 

$

(2,358)

 

$

(528)

 

$

 —

 

$

(528)