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Other Comprehensive (Loss) Income
 6 Months Ended
Jun. 30, 2024
Other Comprehensive Income [Abstract]  
Other Comprehensive (Loss) Income Other Comprehensive (Loss) Income
The following table presents the components of other comprehensive (loss) income for the three and six months ended June 30, 2024 and 2023.
(dollars in thousands)Before TaxTax EffectNet of Tax
Three Months Ended June 30, 2024
Net unrealized gain on securities available-for-sale
$4,812 $(1,183)$3,629 
Less: Reclassification adjustment for net gain included in net income(3)1 (2)
Total unrealized gain on investment securities available-for-sale
4,809 (1,182)3,627 
Amortization of unrealized loss on securities transferred to held-to-maturity1,725 (403)1,322 
Net unrealized loss on derivatives
(32)8 (24)
Other comprehensive income
$6,502 $(1,577)$4,925 
Three Months Ended June 30, 2023
Net unrealized loss on securities available-for-sale
$(15,959)$3,885 $(12,074)
Less: Reclassification adjustment for net gain included in net income(2)— (2)
Total unrealized loss on investment securities available-for-sale
(15,961)3,885 (12,076)
Amortization of unrealized loss on securities transferred to held-to-maturity1,831 (428)1,403 
Other comprehensive loss
$(14,130)$3,457 $(10,673)
Six Months Ended June 30, 2024
Net unrealized loss on securities available-for-sale
$(1,881)$444 $(1,437)
Less: Reclassification adjustment for net gain included in net income
(7)1 (6)
Total unrealized loss on investment securities available-for-sale
(1,888)445 (1,443)
Amortization of unrealized loss on securities transferred to held-to-maturity3,456 (749)2,707 
Net unrealized gain on derivatives331 (81)250 
Other comprehensive income
$1,899 $(385)$1,514 
Six Months Ended June 30, 2023
Net unrealized gain on securities available-for-sale
$8,080 $(2,218)$5,862 
Less: Reclassification adjustment for net loss included in net income19 (5)14 
Total unrealized gain on investment securities available-for-sale
8,099 (2,223)5,876 
Amortization of unrealized loss on securities transferred to held-to-maturity3,814 (1,770)2,044 
Other comprehensive income
$11,913 $(3,993)$7,920 
The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2024 and 2023.
(dollars in thousands)Securities Available-For-SaleSecurities Held-to-MaturityDerivativesAccumulated Other Comprehensive Income (Loss)
Three Months Ended June 30, 2024
Balance at beginning of period$(127,316)$(38,544)$92 $(165,768)
Other comprehensive income (loss) before reclassifications
3,629 — (24)3,605 
Amounts reclassified from accumulated other comprehensive income (loss)(2)— — (2)
Amortization of unrealized loss on securities transferred to held-to-maturity— 1,322 — 1,322 
Net other comprehensive income (loss) during period
3,627 1,322 (24)4,925 
Balance at end of period$(123,689)$(37,222)$68 $(160,843)
Three Months Ended June 30, 2023
Balance at beginning of period$(136,821)$(44,093)$— $(180,914)
Other comprehensive loss before reclassifications(12,074)— — (12,074)
Amounts reclassified from accumulated other comprehensive income (loss)(2)— — (2)
Amortization of unrealized loss on securities transferred to held-to-maturity— 1,403 — 1,403 
Net other comprehensive (loss) income during period(12,076)1,403 — (10,673)
Balance at end of period$(148,897)$(42,690)$— $(191,587)
Six Months Ended June 30, 2024
Balance at beginning of period$(122,246)$(39,929)$(182)$(162,357)
Other comprehensive (loss) income before reclassifications(1,437)— 250 (1,187)
Amounts reclassified from accumulated other comprehensive income (loss)
(6)— — (6)
Amortization of unrealized loss on securities transferred to held-to-maturity— 2,707 — 2,707 
Net other comprehensive (loss) income during period(1,443)2,707 250 1,514 
Balance at end of period$(123,689)$(37,222)$68 $(160,843)
Six Months Ended June 30, 2023
Balance at beginning of period$(154,773)$(44,734)$— $(199,507)
Other comprehensive income before reclassifications5,862 — — 5,862 
Amounts reclassified from accumulated other comprehensive income 14 — — 14 
Amortization of unrealized loss on securities transferred to held-to-maturity— 2,044 — 2,044 
Net other comprehensive income during period5,876 2,044 — 7,920 
Balance at end of period$(148,897)$(42,690)$— $(191,587)
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2024 and 2023.
Details about Accumulated Other Comprehensive Income (Loss) ComponentsAmount Reclassified from Accumulated Other Comprehensive Income (Loss)
Three Months Ended June 30,Affected Line Item in Consolidated Statements of Income
(dollars in thousands)20242023
Realized gain (loss) on sale of investment securities$3 $2 Net gain (loss) on sale of investment securities
Income tax benefit (expense)(1)— Income tax expense
Total reclassifications for the periods$2 $2 
Details about Accumulated Other Comprehensive Income (Loss) ComponentsAmount Reclassified from Accumulated Other Comprehensive Income (Loss)
Six Months Ended June 30,Affected Line Item in Consolidated Statements of Operations
(dollars in thousands)20242023
Realized gain (loss) on sale of investment securities$7 $(19)Net gain (loss) on sale of investment securities
Income tax benefit (expense)(1)5 Income tax expense
Total reclassifications for the periods$6 $(14)