ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2020 and 2019:


	Unrealized Gains (Losses)
	on Debt Securities
	Available-for-Sale		Held-to-Maturity		Derivatives		Total
	(dollars in thousands)
Three Months Ended June 30, 2020
Balance, March 31, 2020	$	14,095	$	(138)	$	(1,388)	$	12,569
Other comprehensive income (loss) before reclassifications		6,590		—		(133)		6,457
Reclassifications		—		6		39		45
Other comprehensive income (loss), before tax		6,590		6		(94)		6,502
Income tax expense (benefit)		1,879		1		(20)		1,860
Other comprehensive income (loss), after tax		4,711		5		(74)		4,642
Balance, June 30, 2020	$	18,806	$	(133)	$	(1,462)	$	17,211

Three Months Ended June 30, 2019
Balance, March 31, 2019	$	1,095	$	40	$	(123)	$	1,012
Other comprehensive income (loss) before reclassifications		6,968		—		(445)		6,523
Reclassifications		—		(77)		(22)		(99)
Other comprehensive loss		6,968		(77)		(467)		6,424
Balance, June 30, 2019	$	8,063	$	(37)	$	(590)	$	7,436

Six Months Ended June 30, 2020
Balance, December 31, 2019	$	8,659	$	(131)	$	(696)	$	7,832
Other comprehensive income (loss) before reclassifications		14,192		—		(1,103)		13,089
Reclassifications		—		(3)		41		38
Other comprehensive income (loss), before tax		14,192		(3)		(1,062)		13,127
Income tax expense (benefit)		4,045		(1)		(296)		3,748
Other comprehensive income (loss), after tax		10,147		(2)		(766)		9,379
Balance, June 30, 2020	$	18,806	$	(133)	$	(1,462)	$	17,211

Six Months Ended June 30, 2019
Balance, December 31, 2018	$	(4,561)	$	122	$	151	$	(4,288)
Other comprehensive income (loss) before reclassifications		12,624		—		(689)		11,935
Reclassifications		—		(159)		(52)		(211)
Other comprehensive loss		12,624		(159)		(741)		11,724
Balance, June 30, 2019	$	8,063	$	(37)	$	(590)	$	7,436

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.