ACCUMULATED OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2020

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 11 – ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the activity and accumulated balances for components of other comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019:


	Unrealized Gains (Losses)
	on Debt Securities
	Available-for-Sale		Held-to-Maturity		Derivatives		Total
	(dollars in thousands)
Three Months Ended September 30, 2020
Balance, June 30, 2020	$	18,806	$	(133)	$	(1,462)	$	17,211
Other comprehensive income before reclassifications		1,176		—		5		1,181
Reclassifications		—		8		97		105
Other comprehensive income, before tax		1,176		8		102		1,286
Income tax expense		336		2		28		366
Other comprehensive income, after tax		840		6		74		920
Balance, September 30, 2020	$	19,646	$	(127)	$	(1,388)	$	18,131

Three Months Ended September 30, 2019
Balance, June 30, 2019	$	8,063	$	(37)	$	(590)	$	7,436
Other comprehensive income (loss) before reclassifications		1,289		—		(208)		1,081
Reclassifications		—		(62)		(24)		(86)
Other comprehensive income (loss)		1,289		(62)		(232)		995
Balance, September 30, 2019	$	9,352	$	(99)	$	(822)	$	8,431

Nine Months Ended September 30, 2020
Balance, December 31, 2019	$	8,659	$	(131)	$	(696)	$	7,832
Other comprehensive income (loss) before reclassifications		15,368		—		(1,098)		14,270
Reclassifications		—		5		138		143
Other comprehensive income (loss), before tax		15,368		5		(960)		14,413
Income tax expense (benefit)		4,381		1		(268)		4,114
Other comprehensive income (loss), after tax		10,987		4		(692)		10,299
Balance, September 30, 2020	$	19,646	$	(127)	$	(1,388)	$	18,131

Nine Months Ended September 30, 2019
Balance, December 31, 2018	$	(4,561)	$	122	$	151	$	(4,288)
Other comprehensive income (loss) before reclassifications		13,913		—		(897)		13,016
Reclassifications		—		(221)		(76)		(297)
Other comprehensive income (loss)		13,913		(221)		(973)		12,719
Balance, September 30, 2019	$	9,352	$	(99)	$	(822)	$	8,431

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 10 for additional information.