NOTE 10. 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 their 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 component are shown in the following tables for the periods indicated:




	Three Months Ended
	September 30,
	2019								2018
	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)
July 1	$	1,397		$	44	$	1,441		$	(2,677	)	$	44	$	(2,633	)
Other comprehensive income (loss) before reclassifications	267			—		267			(1,495		)	—		(1,495		)
Reclassifications	4			—		4			(6		)	—		(6		)
Tax effect of current period changes	(57		)	—		(57		)	315			—		315
Current period changes net of taxes	214			—		214			(1,186		)	—		(1,186		)
September 30	$	1,611		$	44	$	1,655		$	(3,863	)	$	44	$	(3,819	)



	Nine Months Ended
	September 30,
	2019								2018
	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	$	(1,597	)	$	44	$	(1,553	)	$	266		$	44	$	310
Other comprehensive income (loss) before reclassifications	4,054			—		4,054			(5,209		)	—		(5,209		)
Reclassifications	7			—		7			(17		)	—		(17		)
Tax effect of current period changes	(853		)	—		(853		)	1,097			—		1,097
Current period changes net of taxes	3,208			—		3,208			(4,129		)	—		(4,129		)
September 30	$	1,611		$	44	$	1,655		$	(3,863	)	$	44	$	(3,819	)

For the three months ended September 30, 2019 and 2018, $(4) thousand and $6 thousand, respectively, was reclassified out of accumulated other comprehensive income (loss) and appeared as (loss) gain on sale of securities in the Consolidated Statements of Income. For the nine months ended September 30, 2019 and 2018, $(7) thousand and $17 thousand, respectively, was reclassified out of accumulated other comprehensive income (loss) and appeared as (loss) gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $1 thousand and $1 thousand for the three months ended September 30, 2019 and 2018, respectively. The tax related to these reclassifications was $2 thousand and $4 thousand for the nine months ended September 30, 2019 and 2018, respectively. The tax related to reclassifications in both periods is included in Income Tax Expense in the Consolidated Statements of Income.