Change in Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) includes unrealized gains and losses on available for sale securities and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive income (loss) are presented net of tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income (loss) are recorded in the Consolidated Statements of Income either as a gain or loss.

Changes to accumulated other comprehensive income (loss) by components are shown in the following tables for the years ended December 31, 2018, 2017, and 2016:



	Twelve Months Ended
	December 31,
	2018								2017									2016
	Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan			Total			Unrealized Gains and Losses on Available for Sale Securities			Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan		Total
	(dollars in thousands)
January 1	$	266		$	44	$	310		$	(63	)	$	39		$	(24	)	$	1,012		$	39	$	1,051
Other comprehensive (loss) income before reclassifications	(2,341		)	—		(2,341		)	422			4			426			(1,531		)	—		(1,531		)
Reclassifications from other comprehensive (loss) income	(17		)	—		(17		)	10			(7		)	3			(98		)	—		(98		)
Reclassification of stranded tax effects from change in tax rate	—			—		—			44			7			51			—			—		—
Tax effect of current period changes	495			—		495			(147		)	1			(146		)	554			—		554
Current period changes net of taxes	(1,863		)	—		(1,863		)	329			5			334			(1,075		)	—		(1,075		)
December 31	$	(1,597	)	$	44	$	(1,553	)	$	266		$	44		$	310		$	(63	)	$	39	$	(24	)

For the years ended December 31, 2018, 2017, and 2016, $17 thousand, $(10) thousand, and $98 thousand, respectively, was reclassified out of comprehensive income and appeared as Gain (loss) on sale of securities in the Consolidated Statement of Income. The tax expense (benefit) related to these reclassifications was $4 thousand, $(4) thousand, and $33 thousand for the years ended December 31, 2018, 2017, and 2016, respectively. The tax is included in Income Tax Expense in the Consolidated Statements of Income.

For the twelve months ended December 31, 2017, $7 thousand was reclassified out of accumulated other comprehensive income related to the Company's postretirement benefit plan. This reclassification is a component of net periodic benefit cost and was reflected in Salaries and employee benefits in the Consolidated Statements of Income. Tax related to this reclassification was $2 thousand and was included in Income Tax Expense in the Consolidated Statements of Income.