Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of components of other comprehensive income (loss)

The following table presents the components of other comprehensive income (loss) for the three and six months ended June 30, 2021 and 2020.


(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended June 30, 2021
Net unrealized gain (loss) on securities available-for-sale	$	8,957	$	(2,302)	$	6,655
Less: Reclassification adjustment for net gains (losses) included in net income	(318)		82		(236)
Total unrealized gain (loss)	8,639		(2,220)		6,419

Net unrealized gain (loss) on derivatives	—		—		—
Less: Reclassification adjustment for gain (loss) included in net income	133		(34)		99
Total unrealized gain (loss)	133		(34)		99

Other Comprehensive Income (Loss)	$	8,772	$	(2,254)	$	6,518

Three Months Ended June 30, 2020
Net unrealized gain (loss) on securities available-for-sale	$	2,506	$	(636)	$	1,870
Less: Reclassification adjustment for net gains (losses) included in net income	(713)		175		(538)
Total unrealized gain (loss)	1,793		(461)		1,332


Net unrealized gain (loss) on derivatives	(28)		3		(25)
Less: Reclassification adjustment for gain (loss) included in net income	393		(97)		296
Total unrealized gain (loss)	365		(94)		271

Other Comprehensive Income (Loss)	$	2,158	$	(555)	$	1,603

Six Months Ended June 30, 2021
Net unrealized gain (loss) on securities available-for-sale	$	(14,756)	$	3,794	$	(10,962)
Less: Reclassification adjustment for net gains (losses) included in net income	(539)		137		(402)
Total unrealized gain (loss)	(15,295)		3,931		(11,364)

Net unrealized loss on derivatives	(1)		—		(1)
Less: Reclassification adjustment for gain (loss) included in net income	517		(132)		385
Total unrealized gain (loss)	516		(132)		384

Other Comprehensive Income (Loss)	$	(14,779)	$	3,799	$	(10,980)

Six Months Ended June 30, 2020
Net unrealized gain (loss) on securities available-for-sale	$	19,242	$	(5,266)	$	13,976
Less: Reclassification adjustment for net gains included in net income	(1,535)		391		(1,144)
Total unrealized gain (loss)	17,707		(4,875)		12,832

Net unrealized gain (loss) on derivatives	(2,017)		672		(1,345)
Less: Reclassification adjustment for gain included in net income	299		(77)		222
Total unrealized gain (loss)	(1,718)		595		(1,123)

Other Comprehensive Income (Loss)	$	15,989	$	(4,280)	$	11,709

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 six months ended June 30, 2021 and 2020.


	Securities				Accumulated Other
	Available				Comprehensive Income
(dollars in thousands)	For Sale		Derivatives		(Loss)
Three Months Ended June 30, 2021
Balance at Beginning of Period	$	(1,615)	$	(383)	$	(1,998)
Other comprehensive income before reclassifications	6,655		—		6,655
Amounts reclassified from accumulated other comprehensive income (loss)	(236)		99		(137)
Net other comprehensive income during period	6,419		99		6,518
Balance at End of Period	$	4,804	$	(284)	$	4,520

	Securities				Accumulated Other
	Available				Comprehensive Income
(dollars in thousands)	For Sale		Derivatives		(Loss)
Three Months Ended June 30, 2020
Balance at Beginning of Period	$	14,609	$	(1,544)	$	13,065
Other comprehensive income before reclassifications	1,870		(25)		1,845
Amounts reclassified from accumulated other comprehensive loss	(538)		296		(242)
Net other comprehensive income during period	1,332		271		1,603
Balance at End of Period	$	15,941	$	(1,273)	$	14,668

	Securities				Accumulated Other
	Available				Comprehensive Income
(dollars in thousands)	For Sale		Derivatives		(Loss)
Six Months Ended June 30, 2021
Balance at Beginning of Period	$	16,168	$	(668)	$	15,500
Other comprehensive income (loss) before reclassifications	(10,962)		(1)		(10,963)
Amounts reclassified from accumulated other comprehensive income (loss)	(402)		385		(17)
Net other comprehensive income (loss) during period	(11,364)		384		(10,980)
Balance at End of Period	$	4,804	$	(284)	$	4,520

	Securities				Accumulated Other
	Available				Comprehensive Income
(dollars in thousands)	For Sale		Derivatives		(Loss)
Six Months Ended June 30, 2020
Balance at Beginning of Period	$	3,109	$	(150)	$	2,959
Other comprehensive income (loss) before reclassifications	13,976		(1,345)		12,631
Amounts reclassified from accumulated other comprehensive loss	(1,144)		222		(922)
Net other comprehensive income (loss) during period	12,832		(1,123)		11,709
Balance at End of Period	$	15,941	$	(1,273)	$	14,668

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 six months ended June 30, 2021 and 2020.


	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 June 30,				Net Income is Presented
(dollars in thousands)	2021		2020
Realized gain on sale of investment securities	$	318	$	713	Gain on sale of investment securities
Interest income derivative deposits	(133)		(393)		Interest income on deposits
Income tax expense	(48)		(78)		Income tax expense
Total Reclassifications for the Period	$	137	$	242	Net Income

	Amount Reclassified from
	Accumulated Other				Affected Line Item in
Details about Accumulated Other	Comprehensive (Loss) Income				the Statement Where
Comprehensive Income Components	Six Months Ended June 30,				Net Income is Presented
(dollars in thousands)	2021		2020
Realized gain on sale of investment securities	$	539	$	1,535	Gain on sale of investment securities
Interest income derivative deposits	(517)		(299)		Interest income on deposits
Income tax expense	(5)		(314)		Income tax expense
Total Reclassifications for the Period	$	17	$	922	Net Income