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Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2019

Other Comprehensive Income

Schedule of components of other comprehensive income (loss)

The following table presents the components of other comprehensive income (loss) for the three months ended March 31, 2019 and 2018.

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

Three Months Ended March 31, 2019
Net unrealized gain on securities available-for-sale		$	7,322			$	1,882			$	5,440
Less: Reclassification adjustment for net gains included in net income			(83	)			(22	)			(61	)
Total unrealized gain			7,239				1,860				5,379

Net unrealized loss on derivatives			(1,545	)			(391	)			(1,154	)
Less: Reclassification adjustment for gain included in net income			(1,275	)			(333	)			(942	)
Total unrealized loss			(2,820	)			(724	)			(2,096	)

Other Comprehensive Income		$	4,419			$	1,136			$	3,283

Three Months Ended March 31, 2018
Net unrealized loss on securities available-for-sale		$	(6,221	)		$	1,098			$	(5,123	)
Less: Reclassification adjustment for net gains included in net income			(42	)			(11	)			(31	)
Total unrealized loss			(6,263	)			1,087				(5,154	)

Net unrealized gain on derivatives			2,607				374				2,233
Less: Reclassification adjustment for losses included in net income			(88	)			(23	)			(65	)
Total unrealized gain			2,519				351				2,168

Other Comprehensive Loss		$	(3,744	)		$	1,438			$	(2,986	)

Schedule of changes in each component of accumulated other comprehensive income (loss), net of tax

The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three months ended March 31, 2019 and 2018.

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

Three Months Ended March 31, 2019
Balance at Beginning of Period		$	(7,044	)		$	2,769			$	(4,275	)
Other comprehensive income (loss) before reclassifications			5,440				(1,154	)			4,286
Amounts reclassified from accumulated other comprehensive income (loss)			(61	)			(942	)			(1,003	)
Net other comprehensive income (loss) during period			5,379				(2,096	)			3,283
Balance at End of Period		$	(1,665	)		$	673			$	(992	)

Three Months Ended March 31, 2018
Balance at Beginning of Period		$	(3,131	)		$	1,381			$	(1,750	)
Other comprehensive income (loss) before reclassifications			(5,123	)			2,233				(2,890	)
Amounts reclassified from accumulated other comprehensive income (loss)			(31	)			(65	)			(96	)
Net other comprehensive income (loss) during period			(5,154	)			2,168				(2,986	)
Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act from AOCI			(674	)			—				(674	)
Balance at End of Period		$	(8,959	)		$	3,549			$	(5,410	)

Schedule of amounts reclassified out of accumulated other comprehensive (loss) income

The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three months ended March 31, 2019 and 2018.

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 March 31,
		2019				2018
Realized gain on sale of investment securities		$	83			$	42			Gain on sale of investment securities
Realized gain on swap termination			829				—			Gain on sale of investment securities
Interest income (expense) derivative deposits			446				(88	)		Interest expense on deposits
Income tax (expense) benefit			(355	)			12			Income Tax Expense
Total Reclassifications for the Period		$	1,003			$	(34	)		Net Income