Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of components of other comprehensive income (loss)

The following table presents the components of other comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019.


(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended September 30, 2020
Net unrealized loss on securities available-for-sale	$	(840)	$	216	$	(624)
Less: Reclassification adjustment for net gains included in net income	(115)		29		(86)
Total unrealized loss	(955)		245		(710)

Net unrealized gain on derivatives	31		(7)		24
Less: Reclassification adjustment for loss included in net income	389		(100)		289
Total unrealized gain	420		(107)		313

Other Comprehensive Income	$	(535)	$	138	$	(397)

Three Months Ended September 30, 2019
Net unrealized gain on securities available-for-sale	$	1,585	$	411	$	1,174
Less: Reclassification adjustment for net gains included in net income	(153)		(43)		(110)
Total unrealized gain	1,432		368		1,064

Net unrealized gain on derivatives	24		(13)		11
Less: Reclassification adjustment for gain included in net income	(285)		(80)		(205)
Total unrealized loss	(261)		67		(194)

Other Comprehensive Income	$	1,171	$	301	$	870

Nine Months Ended September 30, 2020
Net unrealized gain on securities available-for-sale	$	18,402	$	(5,048)	$	13,354
Less: Reclassification adjustment for net gains included in net income	(1,650)		419		(1,231)
Total unrealized gain	16,752		(4,629)		12,123

Net unrealized loss on derivatives	(1,986)		662		(1,324)
Less: Reclassification adjustment for gain included in net income	688		(175)		513
Total unrealized loss	(1,298)		487		(811)

Other Comprehensive Income	$	15,454	$	(4,142)	$	11,312

Nine Months Ended September 30, 2019
Net unrealized gain on securities available-for-sale	$	17,712	$	(4,572)	$	13,140
Less: Reclassification adjustment for net gains included in net income	(1,628)		(438)		(1,190)
Total unrealized gain	16,084		(5,010)		11,950

Net unrealized loss on derivatives	(2,210)		546		(1,664)
Less: Reclassification adjustment for gain included in net income	(1,879)		(505)		(1,374)
Total unrealized loss	(4,089)		41		(3,038)

Other Comprehensive Income	$	11,995	$	(4,969)	$	8,912

Schedule of changes in each component of accumulated other comprehensive income (loss), net of tax

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2020 and 2019.


	Securities				Accumulated Other
	Available				Comprehensive Income
(dollars in thousands)	For Sale		Derivatives		(Loss)
Three Months Ended September 30, 2020
Balance at Beginning of Period	$	15,942	$	(1,274)	$	14,668
Other comprehensive income (loss) before reclassifications	(624)		24		(600)
Amounts reclassified from accumulated other comprehensive income (loss)	(86)		289		203
Net other comprehensive income (loss) during period	(710)		313		(397)
Balance at End of Period	$	15,232	$	(961)	$	14,271

	Securities				Accumulated Other
	Available				Comprehensive Income
(dollars in thousands)	For Sale		Derivatives		(Loss)
Three Months Ended September 30, 2019
Balance at Beginning of Period	$	3,842	$	(75)	$	3,767
Other comprehensive income (loss) before reclassifications	1,174		11		1,185
Amounts reclassified from accumulated other comprehensive loss	(110)		(205)		(315)
Net other comprehensive income (loss) during period	1,064		(194)		870
Balance at End of Period	$	4,906	$	(269)	$	4,637

	Securities				Accumulated Other
	Available				Comprehensive Income
(dollars in thousands)	For Sale		Derivatives		(Loss)
Nine Months Ended September 30, 2020
Balance at Beginning of Period	$	3,109	$	(150)	$	2,959
Other comprehensive income (loss) before reclassifications	13,354		(1,324)		12,030
Amounts reclassified from accumulated other comprehensive income (loss)	(1,231)		513		(718)
Net other comprehensive income (loss) during period	12,123		(811)		11,312
Balance at End of Period	$	15,232	$	(961)	$	14,271

	Securities				Accumulated Other
	Available				Comprehensive Income
(dollars in thousands)	For Sale		Derivatives		(Loss)
Nine Months Ended September 30, 2019
Balance at Beginning of Period	$	(7,044)	$	2,769	$	(4,275)
Other comprehensive income (loss) before reclassifications	13,140		(1,664)		11,476
Amounts reclassified from accumulated other comprehensive loss	(1,190)		(1,374)		(2,564)
Net other comprehensive income (loss) during period	11,950		(3,038)		8,912
Balance at End of Period	$	4,906	$	(269)	$	4,637

Schedule of amounts reclassified out of accumulated other comprehensive (loss) income

The following tables present the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019.


	Amount Reclassified from
	Accumulated Other				Affected Line Item in
Details about Accumulated Other	Comprehensive (Loss) Income				the Statement Where
Comprehensive Income Components	Three Months Ended September 30,				Net Income is Presented
(dollars in thousands)	2020		2019
Realized gain on sale of investment securities	$	115	$	153	Gain on sale of investment securities
Interest income derivative deposits	(389)		285		Interest expense on deposits
Income tax expense	71		(123)		Income Tax Expense
Total Reclassifications for the Period	$	(203)	$	315	Net Income

	Amount Reclassified from
	Accumulated Other				Affected Line Item in
Details about Accumulated Other	Comprehensive (Loss) Income				the Statement Where
Comprehensive Income Components	Nine Months Ended September 30,				Net Income is Presented
(dollars in thousands)	2020		2019
Realized gain on sale of investment securities	$	1,650	$	1,628	Gain on sale of investment securities
Realized gain on swap termination	—		829		Gain on sale of investment securities
Interest income derivative deposits	(688)		1,050		Interest expense on deposits
Income tax expense	(244)		(943)		Income Tax Expense
Total Reclassifications for the Period	$	718	$	2,564	Net Income