Equity (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

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

	2019		2018
	(In thousands)
Unrealized appreciation (loss) on securities, before tax	$	(39)	$	46
Tax benefit (expense)	9		(11)		(1)
Unrealized appreciation (loss) on securities, net of tax	$	(30)	$	35

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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 (loss) by component, net of tax, for the three months ended June 30 are as follows:

	Net Gains (Loss) on Equity Securities
	2019		2018
	(In thousands)
Balance at March 31:	$	(457)	$	(100)
Unrealized appreciation (loss) before reclassifications	(30)		35		(1)
Amounts reclassified from accumulated other comprehensive income	—		—
Net current-period other comprehensive income (loss)	(30)		35
Balance at June 30:	$	(487)	$	(65)

_______________________

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

Schedule of Accumulated Other Comprehensive Income

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

	2019		2018
	(In thousands)
Unrealized loss on securities, before tax	$	(8)	$	(188)
Tax benefit	2		47		(1)
Unrealized loss on securities, net of tax	$	(6)	$	(141)

_______________________

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 (Loss) on Equity Securities
	2019		2018
	(In thousands)
Prior year balance at December 31:	$	(481)	$	63
Adjustment due to ASU 2018-02	—		13		(1)
Balance at January 1:	(481)		76
Unrealized loss before reclassifications	(6)		(141)		(1)
Amounts reclassified from accumulated other comprehensive income	—		—
Net current-period other comprehensive loss	(6)		(141)
Balance at June 30:	$	(487)	$	(65)

_______________________

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