ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2019

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 14 – ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the activity and accumulated balances for components of other comprehensive income (loss) for the years ended December 31:


	Unrealized Gains (Losses)
	on Securities
	Available-for-Sale		Held-to-Maturity		Derivatives		Total
	(dollars in thousands)
Balance, December 31, 2016	$	(511)	$	897	$	603	$	989
Other comprehensive income (loss) before reclassifications		(2,052)		—		(27)		(2,079)
Reclassifications		1,275		(393)		(167)		715
Other comprehensive income (loss)		(777)		(393)		(194)		(1,364)
Balance, December 31, 2017		(1,288)		504		409		(375)
Adoption of ASU 2016-01		(122)		—		—		(122)
Other comprehensive income (loss) before reclassifications		(5,692)		—		(83)		(5,775)
Reclassifications		2,541		(382)		(175)		1,984
Other comprehensive loss		(3,151)		(382)		(258)		(3,791)
Balance, December 31, 2018		(4,561)		122		151		(4,288)
Other comprehensive income (loss) before reclassifications		12,458		—		(698)		11,760
Reclassifications		—		(264)		(87)		(351)
Other comprehensive income (loss), before tax		12,458		(264)		(785)		11,409
Income tax expense (benefit)		(762)		(11)		62		(711)
Other comprehensive income (loss), after tax		13,220		(253)		(847)		12,120
Balance, December 31, 2019	$	8,659	$	(131)	$	(696)	$	7,832

The amounts reclassified from accumulated other comprehensive income (loss) for unrealized gains (losses) on securities available-for-sale are included in gain (loss) on securities in the accompanying consolidated statements of income.

The amounts reclassified from accumulated other comprehensive income (loss) for unrealized gains on securities held-to-maturity are included in securities interest income in the accompanying consolidated statements of income.

The amounts reclassified from accumulated other comprehensive income (loss) for the fair value of derivative instruments represent net interest payments received or made on derivatives designated as cash flow hedges. See Note 13 for additional information.