Equity (Tables)

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income

Components of accumulated other comprehensive income (loss) were as follows for the three months ended June 30:

	2018				2017
	(In thousands)
Unrealized appreciation on securities, before tax	$	46			$	32
Tax expense	(11		)	(1)	(12		)
Unrealized appreciation on securities, net of tax	$	35			$	20

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(1) Due to the implementation of ASU 2018-02, the tax rate changed from 37.75% to 24.5%.

Components of accumulated other comprehensive income (loss) were as follows for the six months ended June 30:

	2018				2017
	(In thousands)
Unrealized appreciation (loss) on securities, before tax	$	(188	)		$	32
Tax benefit (expense)	47			(1)	(12		)
Unrealized appreciation (loss) on securities, net of tax	$	(141	)		$	20

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(1) Due to the implementation of ASU 2018-02, the tax rate changed from 37.75% to 24.5%.

Reclassification Out of Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income by component, net of tax, for the six months ended June 30 are as follows:

	Net Gains on Equity Securities
	2018				2017
	(In thousands)
Balance at December 31, 2017	$	63			$	—
Adjustment due to ASU 2018-02	13			(1)	—
Balance at January 1:	76				—
Unrealized appreciation (loss) before reclassifications	(141		)	(1)	20
Amounts reclassified from accumulated other comprehensive income	—				—
Net current-period other comprehensive income (loss)	(141		)		20
Balance at June 30:	$	(65	)		$	20

_______________________

(1) Due to the implementation of ASU 2018-02, the tax rate changed from 37.75% to 24.5%.

Changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended June 30 are as follows:

	Net Gains on Equity Securities
	2018				2017
	(In thousands)
Balance at March 31:	$	(100	)		$	—
Unrealized appreciation before reclassifications	35			(1)	20
Amounts reclassified from accumulated other comprehensive income	—				—
Net current-period other comprehensive income	35				20
Balance at June 30:	$	(65	)		$	20

_______________________

(1) Due to the implementation of ASU 2018-02, the tax rate changed from 37.75% to 24.5%.