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Other Comprehensive Income

12 Months Ended

Dec. 31, 2017

Other Comprehensive Income Details 1

Other Comprehensive Income

Note 23 — Other Comprehensive Income

The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2017, 2016 and 2015.

(dollars in thousands)		Before Tax			Tax Effect			Net of Tax

Year Ended December 31, 2017
Net unrealized loss on securities available-for-sale		$	(1,319	)	$	(479	)	$	(840	)
Less: Reclassification adjustment for net gains included in net income		(542		)	(206		)	(336		)
Total unrealized loss		(1,861		)	(685		)	(1,176		)

Net unrealized gain on derivatives		4,559			1,765			2,794
Less: Reclassification adjustment for losses included in net income		(1,592		)	(605		)	(987		)
Total unrealized gain		2,967			1,160			1,807

Other Comprehensive Income		$	1,106		$	475		$	631

Year Ended December 31, 2016
Net unrealized loss on securities available-for-sale		$	(3,800	)	$	(1,520	)	$	(2,280	)
Less: Reclassification adjustment for net gains included in net income		(1,194		)	(478		)	(716		)
Total unrealized loss		(4,994		)	(1,998		)	(2,996		)

Net unrealized gain on derivatives		(2,947		)	(2,018		)	(929		)
Less: Reclassification adjustment for losses included in net income		2,255			902			1,353
Total unrealized loss		(692		)	(1,116		)	424

Other Comprehensive Loss		$	(5,686	)	$	(3,114	)	$	(2,572	)

Year Ended December 31, 2015
Net unrealized loss on securities available-for-sale		$	(423	)	$	(169	)	$	(254	)
Less: Reclassification adjustment for net gains included in net income		(2,254		)	(902		)	(1,352		)
Total unrealized loss		(2,677		)	(1,071		)	(1,606		)

Net unrealized loss on derivatives		(1,417		)	(567		)	(850		)
Less: Reclassification adjustment for losses included in net income		—			—			—
Total unrealized loss		(1,417		)	(567		)	(850		)

Other Comprehensive Loss		$	(4,094	)	$	(1,638	)	$	(2,456	)

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2017, 2016 and 2015.

		Securities						Accumulated Other
(dollars in thousands)		Available For Sale			Derivatives			Comprehensive Income (Loss)

Year Ended December 31, 2017
Balance at Beginning of Period		$	(1,955	)	$	(426	)	$	(2,381	)
Other comprehensive income (loss) before reclassifications		(840		)	2,794			1,954
Amounts reclassified from accumulated other comprehensive income (loss)		(336		)	(987		)	(1,323		)
Net other comprehensive income (loss) during period		(1,176		)	1,807			631
Balance at End of Period		$	(3,131	)	$	1,381		$	(1,750	)

Year Ended December 31, 2016
Balance at Beginning of Period		$	1,041		$	(850	)	$	191
Other comprehensive income (loss) before reclassifications		(2,280		)	(934		)	(3,214		)
Amounts reclassified from accumulated other comprehensive income (loss)		(716		)	1,358			642
Net other comprehensive income (loss) during period		(2,996		)	424			(2,572		)
Balance at End of Period		$	(1,955	)	$	(426	)	$	(2,381	)

Year Ended December 31, 2015
Balance at Beginning of Period		$	2,647		$	—		$	2,647
Other comprehensive income (loss) before reclassifications		(254		)	(850		)	(1,104		)
Amounts reclassified from accumulated other comprehensive income (loss)		(1,352		)	—			(1,352		)
Net other comprehensive income (loss) during period		(1,606		)	(850		)	(2,456		)
Balance at End of Period		$	1,041		$	(850	)	$	191

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2017, 2016 and 2015.

Details about Accumulated Other Comprehensive Income Components (dollars in thousands)		Amount Reclassified from Accumulated Other Comprehensive (Loss) Income									Affected Line Item in the Statement Where Net Income is Presented


		Year Ended December 31,
		2017			2016			2015
Realized gain on sale of investment securities		$	542		$	1,194		$	2,254		Gain on sale of investment securities
Interest expense derivative deposits		(1,592		)	(1,695		)	—			Interest expense on deposits
Interest expense derivative borrowings		—			(569		)	—			Interest expense on short-term borrowings
		399			428			(902		)	Tax expense
Total Reclassifications for the Period		$	(651	)	$	(642	)	$	1,352		Net Income