ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2020

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 10 – ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the activity and accumulated balances for components of other comprehensive income (loss) for the three months ended March 31, 2020 and 2019:


	Unrealized Gains (Losses)
	on Debt Securities
	Available-for-Sale		Held-to-Maturity		Derivatives		Total
	(dollars in thousands)
Three Months Ended March 31, 2020
Balance, December 31, 2019	$	8,659	$	(131)	$	(696)	$	7,832
Other comprehensive income (loss) before reclassifications		7,602		—		(970)		6,632
Reclassifications		—		(9)		2		(7)
Other comprehensive income (loss), before tax		7,602		(9)		(968)		6,625
Income tax expense (benefit)		2,166		(2)		(276)		1,888
Other comprehensive income (loss), after tax		5,436		(7)		(692)		4,737
Balance, March 31, 2020	$	14,095	$	(138)	$	(1,388)	$	12,569

Three Months Ended March 31, 2019
Balance, December 31, 2018	$	(4,561)	$	122	$	151	$	(4,288)
Other comprehensive income (loss) before reclassifications		5,656		—		(244)		5,412
Reclassifications		—		(82)		(30)		(112)
Other comprehensive loss		5,656		(82)		(274)		5,300
Balance, March 31, 2019	$	1,095	$	40	$	(123)	$	1,012

The amounts reclassified from accumulated other comprehensive income (loss) for unrealized gains (losses) on debt 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 debt 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 financial instruments represent net interest payments received or made on derivatives designated as cash flow hedges. See Note 9 for additional information.