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Other Comprehensive Income
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Other Comprehensive Income

9. OTHER COMPREHENSIVE INCOME

 

The table below provides a summary of the components of other comprehensive income (“OCI”) for the periods presented.

 

 

 

Three Months Ended September 30,

 

 

 

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

 

$

(14,515

)

 

$

4,291

 

 

$

(10,224

)

 

$

(1,974

)

 

$

584

 

 

$

(1,390

)

Amortization of net unrealized losses on securities
   transferred from available-for-sale to held-to-maturity

 

 

72

 

 

 

(21

)

 

 

51

 

 

 

(30

)

 

 

9

 

 

 

(21

)

Net change

 

$

(14,443

)

 

$

4,270

 

 

$

(10,173

)

 

$

(2,004

)

 

$

593

 

 

$

(1,411

)

 

 

 

Nine Months Ended September 30,

 

 

 

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

 

$

(45,989

)

 

$

13,596

 

 

$

(32,393

)

 

$

33,382

 

 

$

(9,869

)

 

$

23,513

 

Amortization of net unrealized losses on securities
   transferred from available-for-sale to held-to-maturity

 

 

173

 

 

 

(51

)

 

 

122

 

 

 

(48

)

 

 

14

 

 

 

(34

)

Net change

 

$

(45,816

)

 

$

13,545

 

 

$

(32,271

)

 

$

33,334

 

 

$

(9,855

)

 

$

23,479