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Other Comprehensive Income | 9 Months Ended
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Sep. 30, 2020
Other Comprehensive Income |
Other Comprehensive Income | Note 11. Other Comprehensive Income The following table presents the components of other comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019.
(dollars in thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Three Months Ended September 30, 2020 |  |  |  |  |  |
Net unrealized loss on securities available-for-sale |  | $ | (840) |  |  | $ | 216 |  |  | $ | (624) |
Less: Reclassification adjustment for net gains included in net income |  | (115) |  |  | 29 |  |  | (86) |
Total unrealized loss |  | (955) |  |  | 245 |  |  | (710) |
Net unrealized gain on derivatives |  | 31 |  |  | (7) |  |  | 24 |
Less: Reclassification adjustment for loss included in net income |  | 389 |  |  | (100) |  |  | 289 |
Total unrealized gain |  | 420 |  |  | (107) |  |  | 313 |
Other Comprehensive Income |  | $ | (535) |  |  | $ | 138 |  |  | $ | (397) |
Three Months Ended September 30, 2019 |  |  |  |  |  |
Net unrealized gain on securities available-for-sale |  | $ | 1,585 |  |  | $ | 411 |  |  | $ | 1,174 |
Less: Reclassification adjustment for net gains included in net income |  | (153) |  |  | (43) |  |  | (110) |
Total unrealized gain |  | 1,432 |  |  | 368 |  |  | 1,064 |
Net unrealized gain on derivatives |  | 24 |  |  | (13) |  |  | 11 |
Less: Reclassification adjustment for gain included in net income |  | (285) |  |  | (80) |  |  | (205) |
Total unrealized loss |  | (261) |  |  | 67 |  |  | (194) |
Other Comprehensive Income |  | $ | 1,171 |  |  | $ | 301 |  |  | $ | 870 |
Nine Months Ended September 30, 2020 |  |  |  |  |  |
Net unrealized gain on securities available-for-sale |  | $ | 18,402 |  |  | $ | (5,048) |  |  | $ | 13,354 |
Less: Reclassification adjustment for net gains included in net income |  | (1,650) |  |  | 419 |  |  | (1,231) |
Total unrealized gain |  | 16,752 |  |  | (4,629) |  |  | 12,123 |
Net unrealized loss on derivatives |  | (1,986) |  |  | 662 |  |  | (1,324) |
Less: Reclassification adjustment for gain included in net income |  | 688 |  |  | (175) |  |  | 513 |
Total unrealized loss |  | (1,298) |  |  | 487 |  |  | (811) |
Other Comprehensive Income |  | $ | 15,454 |  |  | $ | (4,142) |  |  | $ | 11,312 |
Nine Months Ended September 30, 2019 |  |  |  |  |  |
Net unrealized gain on securities available-for-sale |  | $ | 17,712 |  |  | $ | (4,572) |  |  | $ | 13,140 |
Less: Reclassification adjustment for net gains included in net income |  | (1,628) |  |  | (438) |  |  | (1,190) |
Total unrealized gain |  | 16,084 |  |  | (5,010) |  |  | 11,950 |
Net unrealized loss on derivatives |  | (2,210) |  |  | 546 |  |  | (1,664) |
Less: Reclassification adjustment for gain included in net income |  | (1,879) |  |  | (505) |  |  | (1,374) |
Total unrealized loss |  | (4,089) |  |  | 41 |  |  | (3,038) |
Other Comprehensive Income |  | $ | 11,995 |  |  | $ | (4,969) |  |  | $ | 8,912 |
The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2020 and 2019.
|  | Securities |  |  |  | Accumulated Other
|  | Available |  |  |  | Comprehensive Income
(dollars in thousands) |  | For Sale |  | Derivatives |  | (Loss)
Three Months Ended September 30, 2020 |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 15,942 |  |  | $ | (1,274) |  |  | $ | 14,668 |
Other comprehensive income (loss) before reclassifications |  | (624) |  |  | 24 |  |  | (600) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (86) |  |  | 289 |  |  | 203 |
Net other comprehensive income (loss) during period |  | (710) |  |  | 313 |  |  | (397) |
Balance at End of Period |  | $ | 15,232 |  |  | $ | (961) |  |  | $ | 14,271 |
|  | Securities |  |  |  | Accumulated Other
|  | Available |  |  |  | Comprehensive Income
(dollars in thousands) |  | For Sale |  | Derivatives |  | (Loss)
Three Months Ended September 30, 2019 |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 3,842 |  |  | $ | (75) |  |  | $ | 3,767 |
Other comprehensive income (loss) before reclassifications |  | 1,174 |  |  | 11 |  |  | 1,185 |
Amounts reclassified from accumulated other comprehensive loss |  | (110) |  |  | (205) |  |  | (315) |
Net other comprehensive income (loss) during period |  | 1,064 |  |  | (194) |  |  | 870 |
Balance at End of Period |  | $ | 4,906 |  |  | $ | (269) |  |  | $ | 4,637 |
|  | Securities |  |  |  | Accumulated Other
|  | Available |  |  |  | Comprehensive Income
(dollars in thousands) |  | For Sale |  | Derivatives |  | (Loss)
Nine Months Ended September 30, 2020 |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 3,109 |  |  | $ | (150) |  |  | $ | 2,959 |
Other comprehensive income (loss) before reclassifications |  | 13,354 |  |  | (1,324) |  |  | 12,030 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (1,231) |  |  | 513 |  |  | (718) |
Net other comprehensive income (loss) during period |  | 12,123 |  |  | (811) |  |  | 11,312 |
Balance at End of Period |  | $ | 15,232 |  |  | $ | (961) |  |  | $ | 14,271 |
|  | Securities |  |  |  | Accumulated Other
|  | Available |  |  |  | Comprehensive Income
(dollars in thousands) |  | For Sale |  | Derivatives |  | (Loss)
Nine Months Ended September 30, 2019 |  |  |  |  |  |
Balance at Beginning of Period |  | $ | (7,044) |  |  | $ | 2,769 |  |  | $ | (4,275) |
Other comprehensive income (loss) before reclassifications |  | 13,140 |  |  | (1,664) |  |  | 11,476 |
Amounts reclassified from accumulated other comprehensive loss |  | (1,190) |  |  | (1,374) |  |  | (2,564) |
Net other comprehensive income (loss) during period |  | 11,950 |  |  | (3,038) |  |  | 8,912 |
Balance at End of Period |  | $ | 4,906 |  |  | $ | (269) |  |  | $ | 4,637 |
The following tables present the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019.
|  | 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 September 30, |  | Net Income is Presented
(dollars in thousands) |  | 2020 |  | 2019 |  |
Realized gain on sale of investment securities |  | $ | 115 |  |  | $ | 153 |  |  | Gain on sale of investment securities
Interest income derivative deposits |  | (389) |  |  | 285 |  |  | Interest expense on deposits
Income tax expense |  | 71 |  |  | (123) |  |  | Income Tax Expense
Total Reclassifications for the Period |  | $ | (203) |  |  | $ | 315 |  |  | Net Income
|  | Amount Reclassified from |  |
|  | Accumulated Other |  | Affected Line Item in
Details about Accumulated Other |  | Comprehensive (Loss) Income |  | the Statement Where
Comprehensive Income Components |  | Nine Months Ended September 30, |  | Net Income is Presented
(dollars in thousands) |  | 2020 |  | 2019 |  |
Realized gain on sale of investment securities |  | $ | 1,650 |  |  | $ | 1,628 |  |  | Gain on sale of investment securities
Realized gain on swap termination |  | — |  |  | 829 |  |  | Gain on sale of investment securities
Interest income derivative deposits |  | (688) |  |  | 1,050 |  |  | Interest expense on deposits
Income tax expense |  | (244) |  |  | (943) |  |  | Income Tax Expense
Total Reclassifications for the Period |  | $ | 718 |  |  | $ | 2,564 |  |  | Net Income

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