Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income/(Loss)

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Accumulated Other Comprehensive Income/(Loss)
 12 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Incomeloss  
Accumulated Other Comprehensive Income/(Loss)

Note 13 – Accumulated Other Comprehensive Income/(Loss)

 

The following table summarizes the changes in accumulated other comprehensive income/(loss) by components during the years ended December 31, 2020 and 2019 (in thousands):

 

    Net Unrealized (Losses)/Gains on Available-for-Sale Securities     Accumulated Other Comprehensive (Loss)/Gain  
Balance, December 31, 2018   $ —     $ —  
Net unrealized loss on securities available-for-sale     (1 )     (1 )
Reclassifications to net loss                           —                          —  
Net current period other comprehensive loss     (1 )     (1 )
Balance, December 31, 2019   $ (1 )   $ (1 )
Balance, January 01, 2020   $ (1 )   $ (1 )
Net unrealized gain on securities available-for-sale     237       237  
Reclassification of realized gain on securities available-for-sale to net loss     (8 )     (8 )
Net current period other comprehensive income     229       229  
Balance, December 31, 2020   $ 228     $ 228  

 

All components of accumulated other comprehensive income/(loss) are net of tax.