Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity during a period for non-owner transactions and is divided into net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) includes revenues, expenses, gains, and losses that are excluded from earnings under current accounting standards. The components of accumulated other comprehensive income (loss) for the Company are as follows:



($ in thousands)	June 30, 2020			December 31, 2019
Unrealized gain (loss) on securities available for sale	$	25,256		9,743
Deferred tax asset (liability)	(5,804		)	(2,239	)
Net unrealized gain (loss) on securities available for sale	19,452			7,504

Postretirement plans asset (liability)	(2,734		)	(3,092	)
Deferred tax asset (liability)	628			711
Net postretirement plans asset (liability)	(2,106		)	(2,381	)

Total accumulated other comprehensive income (loss)	$	17,346		5,123

The following table discloses the changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2020 (all amounts are net of tax).



($ in thousands)	Unrealized Gain (Loss) on Securities Available for Sale			Postretirement Plans Asset (Liability)		Total
Beginning balance at January 1, 2020	$	7,504		(2,381	)	5,123
Other comprehensive income (loss) before reclassifications	18,128			—		18,128
Amounts reclassified from accumulated other comprehensive income	(6,180		)	275		(5,905	)
Net current-period other comprehensive income (loss)	11,948			275		12,223

Ending balance at June 30, 2020	$	19,452		(2,106	)	17,346

The following table discloses the changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2019 (all amounts are net of tax).



($ in thousands)	Unrealized Gain (Loss) on Securities Available for Sale			Postretirement Plans Asset (Liability)		Total
Beginning balance at January 1, 2019	$	(9,494	)	(2,467	)	(11,961	)
Other comprehensive income (loss) before reclassifications	13,510			—		13,510
Amounts reclassified from accumulated other comprehensive income	—			339		339
Net current-period other comprehensive income (loss)	13,510			339		13,849

Ending balance at June 30, 2019	$	4,016		(2,128	)	1,888

Amounts reclassified from accumulated other comprehensive income for Unrealized Gain (Loss) on Securities Available for Sale represent realized securities gains or losses, net of tax effects. Amounts reclassified from accumulated other comprehensive income for Postretirement Plans Asset (Liability) represent amortization of amounts included in Accumulated Other Comprehensive Income, net of taxes, and are recorded in the "Other operating expenses" line item of the Consolidated Statements of Income.