The changes in accumulated other comprehensive income balances as of March 31, 2018 and 2017 were as follows (in thousands):



	Minimum				Accumulated Other
	Pension		Unrealized		Comprehensive
	Liability		Gains (Losses)		Income

Balance at December 31, 2016	$	(2,666)	$	13,037	$	10,371
Other comprehensive income :
Change in net actuarial gain		35		-		35
Tax effect on change in net actuarial gain		(12)		-		(12)
Net unrealized holding gains arising during the period		-		5,246		5,246
Tax effect on unrealized gains arising during the period		-		(1,836)		(1,836)
Reclassification adjustment for realized gains included in investment gains and losses		-		(2,501)		(2,501)
Tax effect on reclassification adjustment for realized gains included in income tax expense		-		875		875
Other comprehensive income, net of tax		23		1,784		1,807
Balance at March 31, 2017	$	(2,643)	$	14,821	$	12,178

Balance at December 31, 2017	$	(2,310)	$	14,544	$	12,234
Other comprehensive income (loss) :
Change in net actuarial gain		27		-		27
Tax effect on change in net actuarial gain		(6)		-		(6)
Net unrealized holding losses arising during the period		-		(395)		(395)
Tax effect on unrealized losses arising during the period		-		83		83
Reclassification adjustment for realized losses included in investment gains and losses		-		15		15
Tax effect on reclassification adjustment for losses included in income tax expense		-		(3)		(3)
Other comprehensive income (loss), net of tax		21		(300)		(279)
Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018		(569)		3,188		2,619
Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018		-		(16,993)		(16,993)
Balance at March 31, 2018	$	(2,858)	$	439	$	(2,419)