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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss)  
Accumulated Other Comprehensive Income (Loss)

Note 16 — Accumulated Other Comprehensive Income (Loss)

The changes in each component of accumulated other comprehensive income (loss), net of tax, were as follows:

    

    

Unrealized Gains

    

    

and Losses

Gains and

on Securities

Losses on

Benefit

Available

Cash Flow

(Dollars in thousands)

Plans

for Sale

Hedges

Total

Three Months Ended June 30, 2021

Balance at March 31, 2021

$

(151)

$

(880)

$

$

(1,031)

Other comprehensive income before reclassifications

 

 

25,194

 

 

25,194

Amounts reclassified from accumulated other comprehensive income

 

 

(27)

 

 

(27)

Net comprehensive income

 

 

25,167

 

 

25,167

Balance at June 30, 2021

$

(151)

$

24,287

$

$

24,136

Three Months Ended June 30, 2020

Balance at March 31, 2020

$

(149)

$

43,473

$

(33,559)

$

9,765

Other comprehensive income (loss) before reclassifications

 

 

4,842

 

(3,400)

1,442

Amounts reclassified from accumulated other comprehensive income

 

 

 

1,532

 

1,532

Net comprehensive income (loss)

 

 

4,842

 

(1,868)

 

2,974

Balance at June 30, 2020

$

(149)

$

48,315

$

(35,427)

$

12,739

Six Months Ended June 30, 2021

Balance at December 31, 2020

$

(151)

$

47,740

$

$

47,589

Other comprehensive loss before reclassifications

(23,426)

(23,426)

Amounts reclassified from accumulated other comprehensive income

 

 

(27)

 

 

(27)

Net comprehensive loss

 

 

(23,453)

 

 

(23,453)

Balance at June 30, 2021

$

(151)

$

24,287

$

$

24,136

Six Months Ended June 30, 2020

Balance at December 31, 2019

$

(149)

$

11,922

$

(10,756)

$

1,017

Other comprehensive income (loss) before reclassifications

 

 

36,393

 

(26,766)

 

9,627

Amounts reclassified from accumulated other comprehensive income

 

 

 

2,095

 

2,095

Net comprehensive income (loss)

 

 

36,393

 

(24,671)

 

11,722

Balance at June 30, 2020

$

(149)

$

48,315

$

(35,427)

$

12,739

The table below presents the reclassifications out of accumulated other comprehensive income (loss), net of tax:

Amount Reclassified from Accumulated Other Comprehensive Income (Loss)

(Dollars in thousands)

For the Three Months Ended June 30,

For the Six Months Ended June 30,

Accumulated Other Comprehensive Income (Loss) Component

    

2021

    

2020

    

2021

    

2020

    

Income Statement
Line Item Affected

Losses on cash flow hedges:

Interest rate contracts

$

$

1,964

$

$

2,686

Interest expense

(432)

 

(591)

Provision for income taxes

1,532

 

2,095

Net income

Gains on sales of available for sale securities:

$

(36)

$

$

(36)

$

Securities gains (losses), net

9

9

Provision for income taxes

(27)

(27)

Net income

Total reclassifications for the period

$

(27)

$

1,532

$

(27)

$

2,095