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Other Comprehensive Income

6 Months Ended

Jun. 30, 2018

Note 10. Other Comprehensive Income

The following table presents the components of other comprehensive income (loss) for the three and six months ended June 30, 2018 and 2017.

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

Three Months Ended June 30, 2018
Net unrealized loss on securities available-for-sale	$	(2,605	)	$	670		$	(1,935	)
Less: Reclassification adjustment for net gains included in net income		(26	)		(6	)		(20	)
Total unrealized loss		(2,631	)		664			(1,955	)

Net unrealized gain on derivatives		930			238			692
Less: Reclassification adjustment for losses included in net income		87			23			64
Total unrealized gain		1,017			261			756

Other Comprehensive Loss	$	(1,614	)	$	925		$	(1,199	)

Three Months Ended June 30, 2017
Net unrealized gain on securities available-for-sale	$	890		$	369		$	521
Less: Reclassification adjustment for net gains included in net income		(26	)		(10	)		(16	)
Total unrealized gain		864			359			505

Net unrealized loss on derivatives		(125	)		(50	)		(75	)
Less: Reclassification adjustment for losses included in net income		(439	)		(169	)		(270	)
Total unrealized loss		(564	)		(219	)		(345	)

Other Comprehensive Income	$	300		$	140		$	160

Six Months Ended June 30, 2018
Net unrealized gain on securities available-for-sale	$	(8,826	)	$	1,768		$	(7,058	)
Less: Reclassification adjustment for net gains included in net income		(68	)		(17	)		(51	)
Total unrealized loss		(8,894	)		1,751			(7,109	)

Net unrealized gain on derivatives		3,537			612			2,925
Less: Reclassification adjustment for losses included in net income		(1	)		—			(1	)
Total unrealized gain		3,536			612			2,924

Other Comprehensive Loss	$	(5,358	)	$	2,363		$	(4,185	)

Six Months Ended June 30, 2017
Net unrealized gain on securities available-for-sale	$	2,055		$	828		$	1,227
Less: Reclassification adjustment for net gains included in net income		(531	)		(199	)		(332	)
Total unrealized gain		1,524			629			895

Net unrealized gain on derivatives		1,629			626			1,003
Less: Reclassification adjustment for losses included in net income		(1,019	)		(381	)		(638	)
Total unrealized gain		610			245			365

Other Comprehensive Income	$	2,134		$	874		$	1,260

The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three and six months ended June 30, 2018 and 2017.

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

Three Months Ended June 30, 2018
Balance at Beginning of Period	$	(8,959	)	$	3,549		$	(5,410	)
Other comprehensive income (loss) before reclassifications		(1,935	)		692			(1,243	)
Amounts reclassified from accumulated other comprehensive income (loss)		(20	)		64			44
Total other comprehensive income (loss)		(1,955	)		756			(1,199	)
Balance at End of Period	$	(10,914	)	$	4,305		$	(6,609	)

Three Months Ended June 30, 2017
Balance at Beginning of Period	$	(1,565	)	$	284		$	(1,281	)
Other comprehensive income (loss) before reclassifications		521			(75	)		446
Amounts reclassified from accumulated other comprehensive income		(16	)		(270	)		(286	)
Net other comprehensive income (loss) during period		505			(345	)		160
Balance at End of Period	$	(1,060	)	$	(61	)	$	(1,121	)

Six Months Ended June 30, 2018
Balance at Beginning of Period	$	(3,131	)	$	1,381		$	(1,750	)
Other comprehensive income (loss) before reclassifications		(7,058	)		2,925			(4,133	)
Amounts reclassified from accumulated other comprehensive income (loss)		(51	)		(1	)		(52	)
Total other comprehensive income (loss)		(7,109	)		2,924			(4,185	)
Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act from AOCI		(674	)		—			(674	)
Balance at End of Period	$	(10,914	)	$	4,305		$	(6,609	)

Six Months Ended June 30, 2017
Balance at Beginning of Period	$	(1,955	)	$	(426	)	$	(2,381	)
Other comprehensive income before reclassifications		1,227			1,003			2,230
Amounts reclassified from accumulated other comprehensive income		(332	)		(638	)		(970	)
Net other comprehensive income during period		895			365			1,260
Balance at End of Period	$	(1,060	)	$	(61	)	$	(1,121	)

The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2018 and 2017.

Details about Accumulated Other	Amount Reclassified from						Affected Line Item in
Comprehensive Income Components	Accumulated Other						the Statement Where
(dollars in thousands)	Comprehensive (Loss) Income						Net Income is Presented
	Three Months Ended June 30,
	2018			2017
Realized gain on sale of investment securities	$	26		$	26		Gain on sale of investment securities
Interest expense derivative deposits		(87	)		439		Interest expense on deposits
Income tax benefit (expense)		17			(179	)	Tax expense
Total Reclassifications for the Period	$	(44	)	$	286		Net Income

Details about Accumulated Other	Amount Reclassified from						Affected Line Item in
Comprehensive Income Components	Accumulated Other						the Statement Where
(dollars in thousands)	Comprehensive (Loss) Income						Net Income is Presented
	Six Months Ended June 30,
	2018			2017
Realized gain on sale of investment securities	$	68		$	531		Gain on sale of investment securities
Interest expense derivative deposits		1			1,019		Interest expense on deposits
Income tax benefit (expense)		(17	)		(580	)	Tax expense
Total Reclassifications for the Period	$	52		$	970		Net Income