[guided]The previous step reduced the time derivative of the density to the imaginary part of one second-derivative expression. We now define the current as the quantity whose spatial derivative produces the same expression with the opposite sign. Define $j_\psi:\mathbb R\times\mathbb R\to\mathbb R$ by
\begin{align*}
j_\psi(x,t)=\frac{\hbar}{m}\operatorname{Im}\!\left(\overline{\psi(x,t)}\,\partial_x\psi(x,t)\right).
\end{align*}
This is a real-valued function because the imaginary-part operator has values in $\mathbb R$.
Define $A:\mathbb R\times\mathbb R\to\mathbb C$ by
\begin{align*}
A(x,t)=\overline{\psi(x,t)}\,\partial_x^2\psi(x,t).
\end{align*}
Since conjugation commutes with the $x$-derivatives under the assumed $C^2$ regularity in $x$, we have
\begin{align*}
\psi(x,t)\,\partial_x^2\overline{\psi(x,t)}=\overline{A(x,t)}.
\end{align*}
Thus the identity obtained in the first step becomes
\begin{align*}
\partial_t\rho(x,t)=\frac{i\hbar}{2m}\left(A(x,t)-\overline{A(x,t)}\right).
\end{align*}
For any complex number $z$, $z-\overline z=2i\operatorname{Im}z$. Applying this with $z=A(x,t)$ gives
\begin{align*}
\partial_t\rho(x,t)=-\frac{\hbar}{m}\operatorname{Im}A(x,t).
\end{align*}
Now compute the spatial derivative of the current. The product rule is valid because $\psi$ is $C^2$ in $x$, so $\overline{\psi}$ is $C^2$ in $x$ and $\partial_x\psi$ is $C^1$ in $x$. Therefore
\begin{align*}
\partial_x j_\psi(x,t)=\frac{\hbar}{m}\operatorname{Im}\!\left(\partial_x\overline{\psi(x,t)}\,\partial_x\psi(x,t)+\overline{\psi(x,t)}\,\partial_x^2\psi(x,t)\right).
\end{align*}
The first product is real because
\begin{align*}
\partial_x\overline{\psi(x,t)}\,\partial_x\psi(x,t)=\overline{\partial_x\psi(x,t)}\,\partial_x\psi(x,t)=|\partial_x\psi(x,t)|^2\in\mathbb R.
\end{align*}
Its imaginary part is therefore zero, and the remaining term is exactly $A(x,t)$. Hence
\begin{align*}
\partial_x j_\psi(x,t)=\frac{\hbar}{m}\operatorname{Im}A(x,t).
\end{align*}
The two formulas have opposite signs, so
\begin{align*}
\partial_t\rho(x,t)+\partial_x j_\psi(x,t)=0.
\end{align*}
Since the point $(x,t)$ was arbitrary, this pointwise identity holds on all of $\mathbb R\times\mathbb R$.[/guided]