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ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders Equity Note [Abstract]  
Schedule of Accumulated Other Comprehensive Income/(Loss) Balances, Net of Tax

The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the years ended December 31, 2019, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

Amount

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassified

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

From

 

 

Income/(Loss)

 

 

 

 

 

 

 

 

 

 

 

Comprehensive

 

 

Accumulated

 

 

Twelve Months

 

 

 

 

 

 

 

Balance at

 

 

Income/(Loss)

 

 

Other

 

 

Ended

 

 

Balance at

 

 

 

December 31,

 

 

Before

 

 

Comprehensive

 

 

December 31,

 

 

December 31,

 

(In thousands)

 

2018

 

 

Reclassifications

 

 

Income/(Loss)

 

 

2019

 

 

2019

 

Net unrealized holding gain/(loss) on

   securities available for sale, net of tax

 

$

(3,006

)

 

$

4,012

 

 

$

 

 

$

4,012

 

 

$

1,006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains/(losses) on cash flow hedge

 

 

661

 

 

 

(3,006

)

 

 

(156

)

 

 

(3,162

)

 

 

(2,501

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive

   loss, net of tax

 

$

(2,345

)

 

$

1,006

 

 

$

(156

)

 

$

850

 

 

$

(1,495

)

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

Amount

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

Effect

 

 

 

 

 

 

Reclassified

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

Adjustment

 

 

Other

 

 

From

 

 

Income/(Loss)

 

 

 

 

 

 

 

 

 

 

 

for

 

 

Comprehensive

 

 

Accumulated

 

 

Twelve Months

 

 

 

 

 

 

 

Balance at

 

 

Adoption

 

 

Income/(Loss)

 

 

Other

 

 

Ended

 

 

Balance at

 

 

 

December 31,

 

 

of ASU

 

 

Before

 

 

Comprehensive

 

 

December 31,

 

 

December 31,

 

(In thousands)

 

2017

 

 

2018-01

 

 

Reclassifications

 

 

Income/(Loss)

 

 

2018

 

 

2018

 

Net unrealized holding loss on

   securities available for sale, net of tax

 

$

(2,214

)

 

$

127

 

 

$

(1,137

)

 

$

218

 

 

$

(919

)

 

$

(3,006

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Losses)/gains on cash flow hedge

 

 

1,002

 

 

$

 

 

$

(247

)

 

$

(94

)

 

$

(341

)

 

$

661

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive

   loss, net of tax

 

$

(1,212

)

 

$

127

 

 

$

(1,384

)

 

$

124

 

 

$

(1,260

)

 

$

(2,345

)

 

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

Amount

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

Effect

 

 

 

 

 

 

Reclassified

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

Adjustment

 

 

Other

 

 

From

 

 

Income/(Loss)

 

 

 

 

 

 

 

 

 

 

 

for

 

 

Comprehensive

 

 

Accumulated

 

 

Twelve Months

 

 

 

 

 

 

 

Balance at

 

 

Adoption

 

 

Income/(Loss)

 

 

Other

 

 

Ended

 

 

Balance at

 

 

 

December 31,

 

 

of ASU

 

 

Before

 

 

Comprehensive

 

 

December 31,

 

 

December 31,

 

(In thousands)

 

2016

 

 

2018-02

 

 

Reclassifications

 

 

Income/(Loss)

 

 

2017

 

 

2017

 

Net unrealized holding gain/(loss) on

   securities available for sale, net of tax

 

$

(1,091

)

 

$

(392

)

 

$

(731

)

 

$

 

 

$

(731

)

 

$

(2,214

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Losses)/gains on cash flow hedge

 

$

(440

)

 

$

177

 

 

$

1,265

 

 

$

 

 

$

1,265

 

 

$

1,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive

   loss, net of tax

 

$

(1,531

)

 

$

(215

)

 

$

534

 

 

$

 

 

$

534

 

 

$

(1,212

)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income

The following represents the reclassifications out of accumulated other comprehensive income for the years ended December 31, 2019, 2018 and 2017:

 

 

 

Years Ended

 

 

 

 

 

December 31,

 

 

 

(In thousands)

 

2019

 

 

2018

 

 

2017

 

 

Affected Line Item in Statements of Income

Unrealized losses on securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for amounts included in

   net income

 

$

 

 

$

288

 

 

$

 

 

Securities losses, net

Income tax benefit

 

 

 

 

 

(70

)

 

 

 

 

Income tax expense

Total reclassifications, net of tax

 

$

 

 

$

218

 

 

$

 

 

 

Unrealized gains on cash flow hedge derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for amounts included in

   net income

 

$

(223

)

 

$

(124

)

 

$

 

 

Interest expense

Income tax expense

 

 

67

 

 

 

30

 

 

 

 

 

Tax effect

Total reclassifications, net of tax

 

$

(156

)

 

$

(94

)

 

$