Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2018

Other Comprehensive Income

Schedule of components of other comprehensive income (loss)

The following table presents the components of other comprehensive income (loss) for the three months ended March 31, 2018 and 2017.

(dollars in thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended March 31, 2018
Net unrealized loss on securities available-for-sale	$	(6,221	)	$	1,098		$	(5,123	)
Less: Reclassification adjustment for net gains included in net income		(42	)		(11	)		(31	)
Total unrealized loss		(6,263	)		1,087			(5,154	)
Net unrealized gain on derivatives		2,607			374			2,233
Less: Reclassification adjustment for losses included in net income		(88	)		(23	)		(65	)
Total unrealized gain		2,519			351			2,168
Other Comprehensive Loss	$	(3,744	)	$	1,438		$	(2,986	)
Three Months Ended March 31, 2017
Net unrealized gain on securities available-for-sale	$	1,165		$	453		$	712
Less: Reclassification adjustment for net gains included in net income		(505	)		(183	)		(322	)
Total unrealized gain		660			270			390
Net unrealized gain on derivatives		1,752			673			1,079
Less: Reclassification adjustment for losses included in net income		(578	)		(209	)		(369	)
Total unrealized gain		1,174			464			710
Other Comprehensive Income	$	1,834		$	734		$	1,100

Schedule of changes in accumulated other comprehensive income (loss)

The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three months ended March 31, 2018 and 2017.

(dollars in thousands)	Securities Available For Sale			Derivatives			Accumulated Other Comprehensive Income (Loss)
Three Months Ended March 31, 2018
Balance at Beginning of Period	$	(3,131	)	$	1,381		$	(1,750	)
Other comprehensive income (loss) before reclassifications		(5,123	)		2,233			(2,890	)
Amounts reclassified from accumulated other comprehensive income (loss)		(31	)		(65	)		(96	)
Total other comprehensive income (loss)		(5,154	)		2,168			(2,986	)
Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act from AOCI		(674	)		—			(674	)
Balance at End of Period	$	(8,959	)	$	3,549		$	(5,410	)
Three Months Ended March 31, 2017
Balance at Beginning of Period	$	(1,955	)	$	(426	)	$	(2,381	)
Other comprehensive income before reclassifications		712			1,079			1,791
Amounts reclassified from accumulated other comprehensive income		(322	)		(369	)		(691	)
Total other comprehensive income		390			710			1,100
Balance at End of Period	$	(1,565	)	$	284		$	(1,281	)

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 months ended March 31, 2018 and 2017.

Details about Accumulated Other Comprehensive Income Components (dollars in thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income						Affected Line Item in the Statement Where Net Income is Presented
		March 31, 2018			March 31, 2017
Realized gain on sale of investment securities	$	42		$	505		Gain on sale of investment securities
Interest expense derivative deposits		(88	)		(578	)	Interest expense on deposits
		12			26		Tax expense
Total Reclassifications for the Period	$	(34	)	$	(47	)	Net Income