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Other Comprehensive Income
 6 Months Ended
Jun. 30, 2019
Other Comprehensive Income  
Other Comprehensive Income
Note 12. Other Comprehensive Income
 
 
The following table presents the components of other comprehensive income (loss) for the three and six months ended June 30, 2019 and 2018 .
 
(dollars in thousands)
 
Before Tax
 
 
Tax Effect
 
 
Net of Tax
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gain on securities available-for-sale
 
$
7,976
 
 
$
2,051
 
 
$
5,925
 
Less: Reclassification adjustment for net gains included in net income
 
 
(563
)
 
 
(146
)
 
 
(417
)
Total unrealized gain
 
 
7,413
 
 
 
1,905
 
 
 
5,508
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized loss on derivatives
 
 
(171
)
 
 
(342
)
 
 
(513
)
Less: Reclassification adjustment for gain included in net income
 
 
(319
)
 
 
(83
)
 
 
(236
)
Total unrealized loss
 
 
(490
)
 
 
259
 
 
 
(749
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income
 
$
6,923
 
 
$
2,164
 
 
$
4,759
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gain on securities available-for-sale
 
$
16,127
 
 
$
(4,148
)
 
$
11,979
 
Less: Reclassification adjustment for net gains included in net income
 
 
(1,475
)
 
 
(383
)
 
 
(1,092
)
Total unrealized gain
 
 
14,652
 
 
 
(4,531
)
 
 
10,887
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized loss on derivatives
 
 
(2,234
)
 
 
569
 
 
 
(1,665
)
Less: Reclassification adjustment for gain included in net income
 
 
(1,594
)
 
 
(414
)
 
 
(1,180
)
Total unrealized loss
 
 
(3,828
)
 
 
155
 
 
 
(2,845
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income
 
$
10,824
 
 
$
(4,376
)
 
$
8,042
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized loss 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
)
 
 
 
 
The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2019 and 2018 .
 
(dollars in thousands)
 
Securities Available For Sale
 
 
Derivatives
 
 
Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(1,665
)
 
$
673
 
 
$
(992
)
Other comprehensive income (loss) before reclassifications
 
 
5,925
 
 
 
(513
)
 
 
5,412
 
Amounts reclassified from accumulated other comprehensive income
 
 
(417
)
 
 
(236
)
 
 
(653
)
Net other comprehensive income (loss) during period
 
 
5,508
 
 
 
(749
)
 
 
4,759
 
Balance at End of Period
 
$
3,843
 
 
$
(76
)
 
$
3,767
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(20
)
 
 
64
 
 
 
44
 
Net other comprehensive (loss) income during period
 
 
(1,955
)
 
 
756
 
 
 
(1,199
)
Balance at End of Period
 
$
(10,914
)
 
$
4,305
 
 
$
(6,609
)
 
(dollars in thousands)
 
Securities Available For Sale
 
 
Derivatives
 
 
Accumulated Other Comprehensive Income (Loss)
 
Six Months Ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
 
$
(7,044
)
 
$
2,769
 
 
$
(4,275
)
Other comprehensive income (loss) before reclassifications
 
 
11,979
 
 
 
(1,665
)
 
 
10,314
 
Amounts reclassified from accumulated other comprehensive income
 
 
(1,092
)
 
 
(1,180
)
 
 
(2,272
)
Net other comprehensive income (loss) during period
 
 
10,887
 
 
 
(2,845
)
 
 
8,042
 
Balance at End of Period
 
$
3,843
 
 
$
(76
)
 
$
3,767
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(51
)
 
 
(1
)
 
 
(52
)
Net other comprehensive (loss) income during period
 
 
(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
)
 
 
 
 
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2019 and 2018 .
 
Details about Accumulated Other
Comprehensive Income Components
(dollars in thousands)
 
Amount Reclassified from
Accumulated Other
Comprehensive Income (Loss)
 
 
Affected Line Item in
the Statement Where
Net Income is Presented
 
 
Three Months Ended June 30 ,
 
 
 
 
 
2019
 
 
2018
 
 
 
Realized gain on sale of investment securities
 
$
563
 
 
$
26
 
 
Gain on sale of investment securities
Interest income (expense) derivative deposits
 
 
319
 
 
 
(87
)
 
Interest expense on deposits
Income tax (expense) benefit
 
 
( 229
)
 
 
17
 
 
Income Tax Expense
Total Reclassifications for the Period
 
$
653
 
 
$
(44
)
 
Net Income
 
Details about Accumulated Other
Comprehensive Income Components
(dollars in thousands)
 
Amount Reclassified from
Accumulated Other
Comprehensive Income
 
 
Affected Line Item in
the Statement Where
Net Income is Presented
 
 
Six Months Ended June 30 ,
 
 
 
 
 
2019
 
 
2018
 
 
 
Realized gain on sale of investment securities
 
$
1,475
 
 
$
68
 
 
Gain on sale of investment securities
Realized gain on swap termination
 
 
829
 
 
 
—
 
 
Gain on sale of investment securities
Interest income (expense) derivative deposits
 
 
765
 
 
 
1
 
 
Interest expense on deposits
Income tax expense
 
 
(797
)
 
 
(17
)
 
Income Tax Expense
Total Reclassifications for the Period
 
$
2,272
 
 
$
52
 
 
Net Income