Other Comprehensive Income (Loss)

Accounting principles generally require recognized revenue, expenses, gains and losses be included in net income or loss. Certain changes in assets and liabilities, such as the after tax effect of unrealized gains and losses on investment securities AFS that are not OTTI, are not reflected in the consolidated statements of income. The cumulative effect of such items, net of tax effect, is reported as a separate component of the equity section of the consolidated balance sheets (Accumulated OCI). OCI, along with net income, comprises the Company's total comprehensive income or loss.

As of the balance sheet dates, the components of Accumulated OCI, net of tax, were:

The following tables disclose the tax effects allocated to each component of OCI for the three and nine months ended September 30:



	Three Months Ended
	September 30, 2019							September 30, 2018
	Before-Tax Amount		Tax (Expense) Benefit			Net-of-Tax Amount		Before-Tax Amount			Tax (Expense) Benefit		Net-of-Tax Amount
Investment securities available-for-sale:	(Dollars in thousands)
Net unrealized holding gains (losses) arising during the period on investment securities available-for-sale	$	558	$	(117	)	$	441	$	(446	)	$	94	$	(352	)
Total other comprehensive income (loss)	$	558	$	(117	)	$	441	$	(446	)	$	94	$	(352	)



	Nine Months Ended
	September 30, 2019									September 30, 2018
	Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount			Before-Tax Amount			Tax (Expense) Benefit		Net-of-Tax Amount
Investment securities available-for-sale:	(Dollars in thousands)
Net unrealized holding gains (losses) arising during the period on investment securities available-for-sale	$	2,775		$	(583	)	$	2,192		$	(1,920	)	$	404	$	(1,516	)
Reclassification adjustment for net gains on investment securities available-for-sale realized in net income	(8		)	2			(6		)	—			—		—
Total other comprehensive income (loss)	$	2,767		$	(581	)	$	2,186		$	(1,920	)	$	404	$	(1,516	)

There were no reclassification adjustments for the three months ended September 30, 2019 and 2018. The following table discloses information concerning reclassification adjustments from OCI for the nine months ended September 30, 2019 and 2018:



	Nine Months Ended
Reclassification Adjustment Description	September 30, 2019			September 30, 2018		Affected Line Item in Consolidated Statement of Income
	(Dollars in thousands)
Investment securities available-for-sale:
Net gains on investment securities available-for-sale	$	(8	)	$	—	Net gains on sales of investment securities available-for-sale
Tax expense	2			—		Provision for income taxes
Total reclassifications	$	(6	)	$	—	Net income

September 30, 2019

December 31, 2018

(Dollars in thousands)

Net unrealized gain (loss) on investment securities available-for-sale