Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2017

Other Comprehensive Income Tables

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, 2017 and 2016.

(dollars in thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended June 30, 2017
Net unrealized gain on securities available-for-sale	$	890		$	369		$	521
Less: Reclassification adjustment for net gains included in net income		(26	)		(10	)		(16	)
Total unrealized gain		864			359			505
Net unrealized loss on derivatives		(125	)		(50	)		(75	)
Less: Reclassification adjustment for losses included in net income		(439	)		(169	)		(270	)
Total unrealized loss		(564	)		(219	)		(345	)
Other Comprehensive Income	$	300		$	140		$	160
Three Months Ended June 30, 2016
Net unrealized gain on securities available-for-sale	$	2,395		$	958		$	1,437
Less: Reclassification adjustment for net gains included in net income		(498	)		(199	)		(299	)
Total unrealized gain		1,897			759			1,138
Net unrealized loss on derivatives		(1,616	)		(646	)		(970	)
Less: Reclassification adjustment for losses included in net income		(742	)		297			(445	)
Total unrealized loss		(2,358	)		(349	)		(1,415	)
Other Comprehensive Loss	$	(461	)	$	410		$	(277	)
Six Months Ended June 30, 2017
Net unrealized gain on securities available-for-sale	$	2,055		$	828		$	1,227
Less: Reclassification adjustment for net gains included in net income		(531	)		(199	)		(332	)
Total unrealized gain		1,524			629			895
Net unrealized gain on derivatives		1,629			626			1,003
Less: Reclassification adjustment for losses included in net income		(1,019	)		(381	)		(638	)
Total unrealized gain		610			245			365
Other Comprehensive Income	$	2,134		$	874		$	1,260
Six Months Ended June 30, 2016
Net unrealized gain on securities available-for-sale	$	8,358		$	3,343		$	5,015
Less: Reclassification adjustment for net gains included in net income		(1,122	)		(449	)		(673	)
Total unrealized gain		7,236			2,894			4,342
Net unrealized loss on derivatives		(9,019	)		(3,607	)		(5,412	)
Less: Reclassification adjustment for losses included in net income		(742	)		(297	)		(445	)
Total unrealized loss		(9,761	)		(3,904	)		(5,857	)
Other Comprehensive Loss	$	(2,525	)	$	(1,010	)	$	(1,515	)

Schedule of changes in accumulated other comprehensive income (loss)

The following table presents the changes in each component of accumulated other comprehensive (loss) income, net of tax, for the three and six months ended June 30, 2017 and 2016.

	Securities						Accumulated Other
(dollars in thousands)	Available For Sale			Derivatives			Comprehensive (Loss) Income
Three Months Ended June 30, 2017
Balance at Beginning of Period	$	(1,565	)	$	284		$	(1,281	)
Other comprehensive income (loss) before reclassifications		521			(75	)		446
Amounts reclassified from accumulated other comprehensive income		(16	)		(270	)		(286	)
Net other comprehensive income (loss) during period		505			(345	)		160
Balance at End of Period	$	(1,060	)	$	(61	)	$	(1,121	)
Three Months Ended June 30, 2016
Balance at Beginning of Period	$	4,245		$	(5,292	)	$	(1,047	)
Other comprehensive income (loss) before reclassifications		1,437			(970	)		467
Amounts reclassified from accumulated other comprehensive income		(299	)		(445	)		(744	)
Net other comprehensive income (loss) during period		1,138			(1,415	)		(277	)
Balance at End of Period	$	5,383		$	(6,707	)	$	(1,324	)
Six Months Ended June 30, 2017
Balance at Beginning of Period	$	(1,955	)	$	(426	)	$	(2,381	)
Other comprehensive income before reclassifications		1,227			1,003			2,230
Amounts reclassified from accumulated other comprehensive income		(332	)		(638	)		(970	)
Net other comprehensive income during period		895			365			1,260
Balance at End of Period	$	(1,060	)	$	(61	)	$	(1,121	)
Six Months Ended June 30, 2016
Balance at Beginning of Period	$	1,041		$	(850	)	$	191
Other comprehensive income (loss) before reclassifications		5,015			(5,412	)		(397	)
Amounts reclassified from accumulated other comprehensive income		(673	)		(445	)		(1,118	)
Net other comprehensive income (loss) during period		4,342			(5,857	)		(1,515	)
Balance at End of Period	$	5,383		$	(6,707	)	$	(1,324	)

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

The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2017 and 2016.

Details about Accumulated Other		Amount Reclassified from					Affected Line Item in
Comprehensive Income Components		Accumulated Other					the Statement Where
(dollars in thousands)		Comprehensive (Loss) Income					Net Income is Presented
		Three Months Ended June 30,
		2017		2016
Realized gain on sale of investment securities	$	26		$	498		Gain on sale of investment securities
Interest expense derivative deposits		439			482		Interest expense on deposits
Interest expense derivative borrowings		—			260		Interest expense on short-term borrowings
Income tax benefit (expense)		(179	)		(496	)	Tax expense
Total Reclassifications for the Period	$	286		$	744		Net Income

Details about Accumulated Other	Amount Reclassified from						Affected Line Item in
Comprehensive Income Components	Accumulated Other						the Statement Where
(dollars in thousands)	Comprehensive (Loss) Income						Net Income is Presented
	Six Months Ended June 30,
	2017			2016
Realized gain on sale of investment securities	$	531		$	1,122		Gain on sale of investment securities
Interest expense derivative deposits		1,019			482		Interest expense on deposits
Interest expense derivative borrowings		—			260		Interest expense on short-term borrowings
Income tax benefit (expense)		(580	)		(746	)	Tax expense
Total Reclassifications for the Period	$	970		$	1,118		Net Income