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Trading Securities
12 Months Ended
Dec. 31, 2020
Trading Securities  
Trading Securities

Note 3—Trading Securities

Realized and unrealized gains and losses are included in trading revenue, a component of noninterest income. Securities purchased for this portfolio have primarily been municipal securities.

The trading portfolio is related to the Correspondent Banking Division that was acquired during the merger with CSFL on June 7, 2020. A list of the activity in this portfolio since June 7, 2020 is summarized below.

(Dollars in thousands)

    

2020

Beginning balance, June 7, 2020

$

Purchases

201,095

Proceeds from sale

(190,907)

Net realized gain on sales

 

338

Net unrealized gains

 

148

Ending balance

$

10,674