Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, 2020 and 2019.


(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Year Ended December 31, 2021
Net unrealized gain (loss) on securities available-for-sale	$	(37,669)	$	9,746	$	(27,923)
Less: Reclassification adjustment for net loss included in net income	(2,964)		761		(2,203)
Total unrealized gain (loss)	(40,633)		10,507		(30,126)

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

Other comprehensive income (loss)	$	(40,117)	$	10,375	$	(29,742)

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 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 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

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, 2021, 2020 and 2019.


(dollars in thousands)	Securities Available For Sale		Derivatives		Accumulated Other Comprehensive Income (Loss)
Year Ended December 31, 2021
Balance at Beginning of Period	$	16,168	$	(668)	$	15,500
Other comprehensive income (loss) before reclassifications	(27,923)		—		(27,923)
Amounts reclassified from accumulated other comprehensive income	(2,203)		384		(1,819)
Net other comprehensive income (loss) during period	(30,126)		384		(29,742)
Balance at End of Period	$	(13,958)	$	(284)	$	(14,242)

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 income (loss) before reclassifications	11,254		(2,049)		9,205
Amounts reclassified from accumulated other comprehensive income	(1,101)		(870)		(1,971)
Net other comprehensive income (loss) during period	10,153		(2,919)		7,234
Balance at End of Period	$	3,109	$	(150)	$	2,959

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, 2021, 2020 and 2019.


Details about Accumulated Other	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)						Affected Line Item in the Statement Where Net Income is Presented
Comprehensive Income Components	Year Ended December 31,
(dollars in thousands)	2021		2020		2019
Realized gain on sale of investment securities	$	2,964	$	1,815	$	1,517	Gain on sale of investment securities
Gain / (loss) on derivatives	(516)		(1,145)		1,198		Interest on deposits
Income tax (expense) benefit	(629)		(167)		(744)		Income tax expense
Total Reclassifications for the Period	$	1,819	$	503	$	1,971	Net Income