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Other Comprehensive Income | 3 Months Ended
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Mar. 31, 2021
Other Comprehensive Income |
Other Comprehensive Income | Other Comprehensive Income The following table presents the components of other comprehensive income (loss) for the three months ended March 31, 2021 and 2020 (unaudited).
(dollars in thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Three Months Ended March 31, 2021 |  |  |  |  |  |
Net unrealized gain (loss) on securities available-for-sale |  | $ | (23,713) |  |  | $ | 6,096 |  |  | $ | (17,617) |
Less: Reclassification adjustment for net gains (losses) included in net income |  | (221) |  |  | 55 |  |  | (166) |
Total unrealized gain (loss) |  | (23,934) |  |  | 6,151 |  |  | (17,783) |
Net unrealized gain (loss) on derivatives |  | 767 |  |  | (194) |  |  | 573 |
Less: Reclassification adjustment for gain (loss) included in net income |  | (384) |  |  | 96 |  |  | (288) |
Total unrealized gain (loss) |  | 383 |  |  | (98) |  |  | 285 |
Other Comprehensive Income (Loss) |  | $ | (23,551) |  |  | $ | 6,053 |  |  | $ | (17,498) |
Three Months Ended March 31, 2020 |  |  |  |  |  |
Net unrealized gain (loss) on securities available-for-sale |  | $ | 16,736 |  |  | $ | (4,632) |  |  | $ | 12,104 |
Less: Reclassification adjustment for net gains (losses) included in net income |  | (822) |  |  | (218) |  |  | (604) |
Total unrealized gain (loss) |  | 15,914 |  |  | (4,850) |  |  | 11,500 |
Net unrealized gain (loss) on derivatives |  | (1,989) |  |  | 664 |  |  | (1,325) |
Less: Reclassification adjustment for gain (loss) included in net income |  | (94) |  |  | (25) |  |  | (69) |
Total unrealized gain (loss) |  | (2,083) |  |  | 639 |  |  | (1,394) |
Other Comprehensive Income (Loss) |  | $ | 13,831 |  |  | $ | (4,211) |  |  | $ | 10,106 |
The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2021 and 2020.
|  | Securities |  |  |  | Accumulated Other
|  | Available |  |  |  | Comprehensive Income
(dollars in thousands) |  | For Sale |  | Derivatives |  | (Loss)
Three Months Ended March 31, 2021 |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 16,168 |  |  | $ | (668) |  |  | $ | 15,500 |
Other comprehensive income (loss) before reclassifications |  | (17,617) |  |  | 573 |  |  | (17,044) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (166) |  |  | (288) |  |  | (454) |
Net other comprehensive income (loss) during period |  | (17,783) |  |  | 285 |  |  | (17,498) |
Balance at End of Period |  | $ | (1,615) |  |  | $ | (383) |  |  | $ | (1,998) |
|  | Securities |  |  |  | Accumulated Other
|  | Available |  |  |  | Comprehensive Income
(dollars in thousands) |  | For Sale |  | Derivatives |  | (Loss)
Three Months Ended March 31, 2020 |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 3,109 |  |  | $ | (150) |  |  | $ | 2,959 |
Other comprehensive income (loss) before reclassifications |  | 12,104 |  |  | (1,325) |  |  | 10,779 |
Amounts reclassified from accumulated other comprehensive loss |  | (604) |  |  | (69) |  |  | (673) |
Net other comprehensive income (loss) during period |  | 11,500 |  |  | (1,394) |  |  | 10,106 |
Balance at End of Period |  | $ | 14,609 |  |  | $ | (1,544) |  |  | $ | 13,065 |
The following tables present the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three months ended March 31, 2021 and 2020.
|  | 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 March 31, |  | Net Income is Presented
(dollars in thousands) |  | 2021 |  | 2020 |  |
Realized gain on sale of investment securities |  | $ | 221 |  |  | $ | 822 |  |  | Gain on sale of investment securities
Interest income derivative deposits |  | 384 |  |  | 94 |  |  | Interest income on deposits
Income tax expense |  | (151) |  |  | (243) |  |  | Income tax expense
Total Reclassifications for the Period |  | $ | 454 |  |  | $ | 673 |  |  | Net Income

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