Changes in Accumulated Other Comprehensive Income Balances

3 Months Ended

Mar. 31, 2020

20. Changes in Accumulated Other Comprehensive Income Balances

The changes in accumulated other comprehensive income balances as of March 31, 2020 and 2019 were as follows (in thousands):


					Accumulated Other
	Pension		Unrealized		Comprehensive
	Liability		Gains (Loss)		Income (Loss)
Balance at December 31, 2018	$	(3,334)	$	(3,326)	$	(6,660)
Other comprehensive income:
Change in net actuarial gain		35		—		35
Tax effect on change in net actuarial gain		(7)		—		(7)
Unrealized holding gains arising during the period		—		7,773		7,773
Tax effect on unrealized gains arising during the period		—		(1,632)		(1,632)
Reclassification adjustment for gains included in net income		—		(4,141)		(4,141)
Tax effect on reclassification adjustment for gains included in net income		—		870		870
Other comprehensive income, net of tax		28		2,870		2,898

Balance at March 31, 2019	$	(3,306)	$	(456)	$	(3,762)

Balance at December 31, 2019	$	(3,239)	$	3,927	$	688
Other comprehensive loss:
Change in net actuarial gain		34		—		34
Tax effect on change in net actuarial gain		(7)		—		(7)
Unrealized holding losses arising during the period		—		(6,987)		(6,987)
Tax effect on unrealized holding losses arising during the period		—		1,467		1,467
Reclassification adjustment for gains included in net income		—		(5,636)		(5,636)
Tax effect on reclassification adjustment for gains included in net income		—		1,184		1,184
Other comprehensive loss, net of tax		27		(9,972)		(9,945)
Balance at March 31, 2020	$	(3,212)	$	(6,045)	$	(9,257)