Year Ended December 31,

2019

2018

2017

Before-tax

Tax effect

After-tax

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

$

45,486

$

(13,447

)

$

32,039

$

(26,435

)

$

7,815

$

(18,620

)

$

(11,336

)

$

4,760

$

(6,576

)

Amortization of unrealized (gains) losses on securities transferred from
available-for-sale to

held-to-maturity

(1,614

)

477

(1,137

)

(2,091

)

619

(1,472

)

(3,293

)

1,383

(1,910

)

Net realized gain reclassified into earnings (1)

(5

)

1

(4

)

-

(402

)

169

(233

)

Net change

$

43,867

$

(12,969

)

$

30,898

$

(28,526

)

$

8,434

$

(20,092

)

$

(15,031

)

$

6,312

$

(8,719

)