Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2020

The following table provides the components of other comprehensive income (loss) on a pre-tax and after-tax basis for the periods presented (in thousands):


	Three Months Ended March 31,
	2020										2019
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Net changes related to available-for-sale securities:
Unrealized holding gains (losses) arising during the period	$	(11,226)	$	(2,505)	$	(8,721)	$	16,045	$	3,953	$	12,092
Less: Reclassification adjustments for (gains) losses realized in net income	(299)		(74)		(225)		(145)		(37)		(108)
Other comprehensive income (loss)	(11,525)		(2,579)		(8,946)		15,900		3,916		11,984
Reclassification adjustment to retained earnings (1)	791		194		597		—		—		—
Change in accumulated other comprehensive income (loss)	$	(10,734)	$	(2,385)	$	(8,349)	$	15,900	$	3,916	$	11,984

(1)This amount represents reclassifications to retained earnings associated with the allowance for expected credit losses within accumulated other comprehensive income relating to available for sale debt security investments. See “—Note 2 (Significant Accounting Policies—Recently Adopted Accounting Pronouncements)” for more information.

The following table provides the reclassification adjustments for gains (losses) out of accumulated other comprehensive income for the periods presented (in thousands):


Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)							Affected Line Item in the Statement Where Net Income is Presented
			Three Months Ended March 31,
			2020			2019
Unrealized gains (losses) on available-for-sale debt securities
	$	299		$	145		Net realized gains (losses) on sale of securities
	(74)			(37)			Income taxes
Total reclassification for the period	$	225		$	108		Net of tax