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Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Summary of Components of Other Comprehensive Income
The table below provides a summary of the components of other comprehensive income (“OCI”) for the periods presented.
 
   
Three Months Ended March 31,
   
2021
 
2020
   
 Before-tax 
 
 Tax effect 
 
 After-tax 
 
 Before-tax 
 
 Tax effect 
 
 After-tax 
   
(Dollars in thousands)
Investment securities:
                                               
Net change in fair value recorded in accumulated OCI
    $ (40,391     $  11,941       $ (28,450     $ 36,619       $  (10,826     $  25,793  
Amortization of net unrealized losses on securities transferred from
available-for-sale
to
held-to-maturity
    81       (24     57       (1     -       (1
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    Net change
    $ (40,310   $   11,917       $ (28,393     $ 36,618       $  (10,826     $ 25,792