ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2019, 2018 and 2017. The Company’s comprehensive gains and losses and reclassification adjustments were solely for securities for the years ended December 31, 2019, 2018 and 2017. Reclassification adjustments are recorded in non-interest income.



Years Ended	December 31, 2019						December 31, 2018									December 31, 2017
(dollars in thousands)	Before Tax		Tax Effect		Net of Tax		Before Tax			Tax Effect			Net of Tax			Before Tax			Tax Effect			Net of Tax
Net unrealized holding gains (losses) arising during period	$	3,587	$	987	$	2,600	$	(879	)	$	(242	)	$	(637	)	$	(103	)	$	(41	)	$	(62	)
Reclassification adjustment for HTM to AFS securities	810		223		587		—			—			—			—			—			—
Reclassification adjustments	226		62		164		—			—			—			(8		)	(3		)	(5		)
Other comprehensive income (loss)	$	4,623	$	1,272	$	3,351	$	(879	)	$	(242	)	$	(637	)	$	(111	)	$	(44	)	$	(67	)

The following table presents the changes in each component of accumulated other comprehensive (loss) income, net of tax, for the years ended December 31, 2019, 2018 and 2017.



	Year Ended Year Ended December 31,
	2019			2018			2017
(dollars in thousands)	Net Unrealized Gains And Losses			Net Unrealized Gains And Losses			Net Unrealized Gains And Losses
Beginning of period	$	(1,847	)	$	(1,191	)	$	(928	)
Other comprehensive income (loss)
Other comprehensive gains (losses), net of tax before reclassifications	2,600			(637		)	(62		)
Amounts reclassified for reclassification of HTM to AFS securities	587			—			—
Amounts reclassified from accumulated other comprehensive gain (loss)	164			—			(5		)
Net other comprehensive income (loss)	$	3,351		$	(637	)	$	(67	)
Reclassification due to Accounting Standard Updates (ASU 2016-01 & 2018-02)	—			(19		)	(196		)
End of period	$	1,504		$	(1,847	)	$	(1,191	)

Following our adoption of ASU 2016-01 - Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities on January 1, 2018, the Company accounts for its investment in equity securities with a readily determinable fair value with unrealized gains and losses included in earnings. $19,000 was reclassified from AOCI into Retained Earnings.

The FASB issued ASU 2018-02 allowing companies to reclassify stranded tax effects resulting from the Tax Cuts and Job Act from accumulated other comprehensive income (loss) to retained earnings. The Company early adopted this guidance during the quarter ended December 31, 2017 and utilizing the portfolio method reclassified $196,000 from accumulated other comprehensive loss to retained earnings to eliminate the stranded tax effects.