XML 39 R27.htm IDEA: XBRL DOCUMENT v3.20.4

ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2020

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

​

NOTE 20 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in Accumulated Other Comprehensive Income (Loss) balances, net of tax effects at the dates indicated (in thousands):

​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
​	​	Year Ended December 31,					​
​		2020			2019
Beginning balance	​	$	1,207	​	$	(473)	​
Cumulative effect of adopting new accounting standard ASU 2016-01, net of taxes	​	​	—	​	​	68	​
Beginning balance, as adjusted	​	​	1,207	​	​	(405)	​
​	​	​	​	​	​	​	​
Other comprehensive income, net of tax:	​	​	​	​	​	​	​
Unrealized gain on securities available for sale	​	​	​	​	​	​	​
Unrealized holding gain (loss) arising during the period	​	$	4,877	​	$	2,358	​
Reclassification adjustment for gain included in net income	​	​	(3,286)	​	​	—	​
Tax effect	​	​	(514)	​	​	(746)	​
Net of tax	​	​	1,077	​	​	1,612	​
​	​	​	​	​	​	​	​
Unrealized loss on cash flow hedges	​	​	​	​	​	​	​
Unrealized holding loss arising during the period	​	$	(1,925)	​	$	—	​
Tax effect	​	​	614	​	​	—	​
Net of tax	​	$	(1,311)	​	$	—	​
​	​	​	​	​	​	​	​
Net current period other comprehensive income (loss)	​	$	(234)	​	$	1,612	​
​	​	​	​	​	​	​	​
Ending balance	​	$	973	​	$	1,207	​

​

The proceeds from sales and calls of securities during the years ended December 31, 2020 and December 31, 2019 were $141.4 million and $1.1 million, respectively. There was a gain of $3.3 million recognized on the sale of securities and there was no gain or loss associated with the call of securities in 2019. The following table shows the amounts reclassified out of each component of accumulated other comprehensive income for the gain on the sale of securities during the year ended December 31, 2020 (in thousands):

​

​	​	​	​	​	​
​	​	​	​	​	Affected line item in the Consolidated
​		Year Ended December 31, 2020			Statements of Operations
Realized gain on sale of available-for-sale securities	​	$	3,286		Gain on sale of securities
Income tax benefit	​		(1,036)		Income tax expense
Total reclassifications, net of income tax	​	$	2,250

​

X

- References

No definition available.

+ Details

Name:	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI http://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

+ Details

Name:	us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration