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Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) The following table summarizes activity in the unrealized gain or loss on available for sale securities included in other comprehensive income (loss) for the years ended December 31, 2019, 2018 and 2017.
For the years ended December 31,
2019
 
2018
 
2017
Balance at beginning of year
$
(5,051,000
)
 
$
(2,901,000
)
 
$
(935,000
)
Unrealized gains (losses) arising during the year
11,247,000

 
(2,585,000
)
 
(1,763,000
)
Reclassification of realized gains during the year
(224,000
)
 
(137,000
)
 
(471,000
)
Related deferred taxes
(2,315,000
)
 
572,000

 
782,000

Reclassification adjustment for effect of enacted tax law changes

 

 
(514,000
)
Net change
8,708,000

 
(2,150,000
)
 
(1,966,000
)
Balance at end of year
$
3,657,000

 
$
(5,051,000
)
 
$
(2,901,000
)


The reclassification of realized gains is included in the net securities gains line of the consolidated statements of income and comprehensive income and the tax effect is included in the income tax expense line of the same statement.

The following table summarizes activity in the unrealized loss on securities transferred from available for sale to held to maturity included in other comprehensive income (loss) for the years ended December 31, 2019, 2018, and 2017.
For the years ended December 31,
2019
2018
2017
Balance at beginning of year
$
(197,000
)
$
(174,000
)
$
(129,000
)
Amortization of net unrealized gains (losses)
19,000

(29,000
)
(22,000
)
Related deferred taxes
(4,000
)
6,000

8,000

Reclassification adjustment for effect of enacted tax law changes



(31,000
)
Net change
15,000

(23,000
)
(45,000
)
Balance at end of year
$
(182,000
)
$
(197,000
)
$
(174,000
)


The following table represents the effect of the Company's derivative financial instruments included in other comprehensive income (loss) for the years ended December 31, 2019, 2018, and 2017.
For the years ended December 31,
2019
2018
2017
Balance at beginning of year
$
1,438,000

$
1,544,000

$
1,163,000

Unrealized gains (losses) on cash flow hedging derivatives arising during the year
(1,697,000
)
(134,000
)
165,000

Related deferred taxes
356,000

28,000

(58,000
)
Reclassification adjustment for effect of enacted tax law changes


274,000

Net change
(1,341,000
)
(106,000
)
381,000

Balance at end of year
$
97,000

$
1,438,000

$
1,544,000

The following table summarizes activity in the unrealized gain or loss on postretirement benefits included in other comprehensive income (loss) for the years ended December 31, 2019, 2018, and 2017:
For the years ended December 31,
2019
 
2018
 
2017
Unrecognized postretirement benefits  at beginning of year
$
37,000

 
$
(147,000
)
 
$
(102,000
)
Change in unamortized net actuarial gain (loss)
(16,000
)
 
233,000

 
(30,000
)
Related deferred taxes
3,000

 
(49,000
)
 
11,000

Reclassification adjustment for effect of enacted tax law changes

 

 
(26,000
)
Net change
(13,000
)
 
184,000

 
(45,000
)
Unrecognized postretirement benefits at end of year
$
24,000

 
$
37,000

 
$
(147,000
)