Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of components of other comprehensive income (loss)

The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2020, 2019 and 2018.


(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Year Ended December 31, 2020
Net unrealized gain (loss) on securities available-for-sale	$	19,637	$	(5,215)	$	14,422
Less: Reclassification adjustment for net gain (loss) included in net income	(1,815)		452		(1,363)
Total unrealized gain (loss)	17,822		(4,763)		13,059

Net unrealized gain (loss) on derivatives	(2,049)		671		(1,378)
Less: Reclassification adjustment for gain (loss) included in net income	1,145		(285)		860
Total unrealized gain (loss)	(904)		386		(518)

Other comprehensive income (loss)	$	16,918	$	(4,377)	$	12,541

Year Ended December 31, 2019
Net unrealized gain (loss) on securities available-for-sale	$	15,183	$	(3,929)	$	11,254
Less: Reclassification adjustment for net gain (loss) included in net income	(1,517)		416		(1,101)
Total unrealized gain (loss)	13,666		(3,513)		10,153

Net unrealized gain (loss) on derivatives	(2,731)		682		(2,049)
Less: Reclassification adjustment for gain (loss) included in net income	(1,198)		328		(870)
Total unrealized gain (loss)	(3,929)		1,010		(2,919)

Other comprehensive income (loss)	$	9,737	$	(2,503)	$	7,234

Year Ended December 31, 2018
Net unrealized loss on securities available-for-sale	$	(4,279)	$	(438)	$	(3,841)
Less: Reclassification adjustment for net loss included in net income	(97)		(25)		(72)
Total unrealized loss	(4,376)		(463)		(3,913)

Net unrealized gain on derivatives	2,033		227		1,806
Less: Reclassification adjustment for losses included in net income	(560)		(142)		(418)
Total unrealized gain	1,473		85		1,388

Other comprehensive loss	$	(2,903)	$	(378)	$	(2,525)

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 years ended December 31, 2020, 2019 and 2018.


(dollars in thousands)	Securities Available For Sale		Derivatives		Accumulated Other Comprehensive Income (Loss)
Year Ended December 31, 2020
Balance at Beginning of Period	$	3,109	$	(150)	$	2,959
Other comprehensive income (loss) before reclassifications	14,422		(1,378)		13,044
Amounts reclassified from accumulated other comprehensive income	(1,363)		860		(503)
Net other comprehensive income (loss) during period	13,059		(518)		12,541
Balance at End of Period	$	16,168	$	(668)	$	15,500

Year Ended December 31, 2019
Balance at Beginning of Period	$	(7,044)	$	2,769	$	(4,275)
Other comprehensive (loss) income before reclassifications	11,254		(2,049)		9,205
Amounts reclassified from accumulated other comprehensive income	(1,101)		(870)		(1,971)
Net other comprehensive (loss) income during period	10,153		(2,919)		7,234
Balance at End of Period	$	3,109	$	(150)	$	2,959

Year Ended December 31, 2018
Balance at Beginning of Period	$	(3,131)	$	1,381	$	(1,750)
Other comprehensive (loss) income before reclassifications	(3,841)		1,806		(2,035)
Amounts reclassified from accumulated other comprehensive income	(72)		(418)		(490)
Net other comprehensive (loss) income during period	(3,913)		1,388		(2,525)
Balance at End of Period	$	(7,044)	$	2,769	$	(4,275)

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

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2020, 2019 and 2018.


Details about Accumulated Other	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income						Affected Line Item in the Statement Where Net Income is Presented
Comprehensive Income Components	Year Ended December 31,
(dollars in thousands)	2020		2019		2018
Realized gain on sale of investment securities	$	1,815	$	1,517	$	97	Gain on sale of investment securities
Interest income (expense) derivative deposits	(1,145)		1,198		560		Interest expense on deposits
Income tax (expense) benefit	(167)		(744)		(167)		Tax expense
Total Reclassifications for the Period	$	503	$	1,971	$	490	Net Income