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Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2020

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 and six months ended June 30, 2020 and 2019 (unaudited).

​

​	​	​	​	​	​	​	​	​	​
(dollars in thousands)		Before Tax			Tax Effect			Net of Tax
Three Months Ended June 30, 2020	​		​	​		​	​		​
Net unrealized gain on securities available-for-sale	​	$	2,506	​	$	(636)	​	$	1,870
Less: Reclassification adjustment for net gains included in net income		​	(713)		​	(176)		​	(537)
Total unrealized gain		​	1,793		​	(812)		​	1,333
​	​	​	​	​	​	​	​	​	​
Net unrealized loss on derivatives		​	(28)		​	3		​	(25)
Less: Reclassification adjustment for loss included in net income		​	393		​	98		​	295
Total unrealized gain		​	365		​	101		​	270
​	​	​	​	​	​	​	​	​	​
Other Comprehensive Income	​	$	2,158	​	$	(711)	​	$	1,603
​	​	​	​	​	​	​	​	​	​
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
​	​	​	​	​	​	​	​	​	​
Six Months Ended June 30, 2020	​		​	​		​	​		​
Net unrealized gain on securities available-for-sale	​	$	16,172	​	$	(4,483)	​	$	11,689
Less: Reclassification adjustment for net gains included in net income		​	1,535		​	391		​	1,144
Total unrealized gain		​	17,707		​	(4,092)		​	12,833
​	​	​	​	​	​	​	​	​	​
Net unrealized loss on derivatives		​	(2,017)		​	671		​	(1,346)
Less: Reclassification adjustment for gain included in net income		​	299		​	77		​	222
Total unrealized loss		​	(1,718)		​	748		​	(1,124)
​	​	​	​	​	​	​	​	​	​
Other Comprehensive Income	​	$	15,989	​	$	(3,344)	​	$	11,709
​	​	​	​	​	​	​	​	​	​
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

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

​

​	​	​	​	​	​	​	​	​	​
​	​	Securities		​	​	​	​	Accumulated Other
​	​	Available		​	​	​	​	Comprehensive Income
(dollars in thousands)		For Sale			Derivatives			(Loss)
Three Months Ended June 30, 2020	​	​		​	​		​	​
Balance at Beginning of Period	​	$	14,609	​	$	(1,544)	​	$	13,065
Other comprehensive income before reclassifications	​		1,870	​		565	​		2,435
Amounts reclassified from accumulated other comprehensive income (loss)	​		(537)	​		(295)	​		(832)
Net other comprehensive income during period	​		1,333	​		270	​		1,603
Balance at End of Period	​	$	15,942	​	$	(1,274)	​	$	14,668
​	​	​	​	​	​	​	​	​	​
​	​	Securities		​	​	​	​	Accumulated Other
​	​	Available		​	​	​	​	Comprehensive Income
(dollars in thousands)		For Sale			Derivatives			(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
​	​	​	​	​	​	​	​	​	​
​	​	Securities		​	​	​	​	Accumulated Other
​	​	Available		​	​	​	​	Comprehensive Income
(dollars in thousands)		For Sale			Derivatives			(Loss)
Six Months Ended June 30, 2020	​	​		​	​		​	​
Balance at Beginning of Period	​	$	3,109	​	$	(150)	​	$	2,959
Other comprehensive income (loss) before reclassifications	​		13,977	​		(902)	​		13,075
Amounts reclassified from accumulated other comprehensive income	​		(1,144)	​		(222)	​		(1,366)
Net other comprehensive income (loss) during period	​		12,833	​		(1,124)	​		11,709
Balance at End of Period	​	$	15,942	​	$	(1,274)	​	$	14,668
​	​	​	​	​	​	​	​	​	​
​	​	Securities		​	​	​	​	Accumulated Other
​	​	Available		​	​	​	​	Comprehensive Income
(dollars in thousands)		For Sale			Derivatives			(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
​	​	​	​	​	​	​	​	​	​

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

The following tables present the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2020 and 2019 (unaudited).

​

​	​	​	​	​	​	​	​	​
​		Amount Reclassified from					​	​
​	​	Accumulated Other					​	Affected Line Item in
Details about Accumulated Other		Comprehensive (Loss) Income					​	the Statement Where
Comprehensive Income Components	​	Three Months Ended June 30,					​	Net Income is Presented
(dollars in thousands)	​	2020			2019			​
Realized gain on sale of investment securities	​	$	713	​	$	563	​	Gain on sale of investment securities
Interest income derivative deposits	​		393	​		319	​	Interest expense on deposits
Income tax expense	​		(274)	​		(229)	​	Income Tax Expense
Total Reclassifications for the Period	​	$	832	​	$	653	​	Net Income
​	​	​	​	​	​	​	​	​
​		Amount Reclassified from					​	​
​	​	Accumulated Other					​	Affected Line Item in
Details about Accumulated Other		Comprehensive (Loss) Income					​	the Statement Where
Comprehensive Income Components	​	Six Months Ended June 30,					​	Net Income is Presented
(dollars in thousands)	​	2020			2019			​
Realized gain on sale of investment securities	​	$	1,535	​	$	1,475	​	Gain on sale of investment securities
Realized gain on swap termination	​	​	—	​	​	829	​	Gain on sale of investment securities
Interest income derivative deposits	​		299	​		765	​	Interest expense on deposits
Income tax expense	​		(468)	​		(797)	​	Income Tax Expense
Total Reclassifications for the Period	​	$	1,366	​	$	2,272	​	Net Income

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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
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Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580

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