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Other Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2021
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, 2021 and 2020.
(dollars in thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Three Months Ended June 30, 2021 |  |  |  |  |  |
Net unrealized gain (loss) on securities available-for-sale |  | $ | 8,957 |  |  | $ | (2,302) |  |  | $ | 6,655 |
Less: Reclassification adjustment for net gains (losses) included in net income |  | (318) |  |  | 82 |  |  | (236) |
Total unrealized gain (loss) |  | 8,639 |  |  | (2,220) |  |  | 6,419 |
Net unrealized gain (loss) on derivatives |  | — |  |  | — |  |  | — |
Less: Reclassification adjustment for gain (loss) included in net income |  | 133 |  |  | (34) |  |  | 99 |
Total unrealized gain (loss) |  | 133 |  |  | (34) |  |  | 99 |
Other Comprehensive Income (Loss) |  | $ | 8,772 |  |  | $ | (2,254) |  |  | $ | 6,518 |
Three Months Ended June 30, 2020 |  |  |  |  |  |
Net unrealized gain (loss) on securities available-for-sale |  | $ | 2,506 |  |  | $ | (636) |  |  | $ | 1,870 |
Less: Reclassification adjustment for net gains (losses) included in net income |  | (713) |  |  | 175 |  |  | (538) |
Total unrealized gain (loss) |  | 1,793 |  |  | (461) |  |  | 1,332 |
Net unrealized gain (loss) on derivatives |  | (28) |  |  | 3 |  |  | (25) |
Less: Reclassification adjustment for gain (loss) included in net income |  | 393 |  |  | (97) |  |  | 296 |
Total unrealized gain (loss) |  | 365 |  |  | (94) |  |  | 271 |
Other Comprehensive Income (Loss) |  | $ | 2,158 |  |  | $ | (555) |  |  | $ | 1,603 |
Six Months Ended June 30, 2021 |  |  |  |  |  |
Net unrealized gain (loss) on securities available-for-sale |  | $ | (14,756) |  |  | $ | 3,794 |  |  | $ | (10,962) |
Less: Reclassification adjustment for net gains (losses) included in net income |  | (539) |  |  | 137 |  |  | (402) |
Total unrealized gain (loss) |  | (15,295) |  |  | 3,931 |  |  | (11,364) |
Net unrealized loss on derivatives |  | (1) |  |  | — |  |  | (1) |
Less: Reclassification adjustment for gain (loss) included in net income |  | 517 |  |  | (132) |  |  | 385 |
Total unrealized gain (loss) |  | 516 |  |  | (132) |  |  | 384 |
Other Comprehensive Income (Loss) |  | $ | (14,779) |  |  | $ | 3,799 |  |  | $ | (10,980) |
Six Months Ended June 30, 2020 |  |  |  |  |  |
Net unrealized gain (loss) on securities available-for-sale |  | $ | 19,242 |  |  | $ | (5,266) |  |  | $ | 13,976 |
Less: Reclassification adjustment for net gains included in net income |  | (1,535) |  |  | 391 |  |  | (1,144) |
Total unrealized gain (loss) |  | 17,707 |  |  | (4,875) |  |  | 12,832 |
Net unrealized gain (loss) on derivatives |  | (2,017) |  |  | 672 |  |  | (1,345) |
Less: Reclassification adjustment for gain included in net income |  | 299 |  |  | (77) |  |  | 222 |
Total unrealized gain (loss) |  | (1,718) |  |  | 595 |  |  | (1,123) |
Other Comprehensive Income (Loss) |  | $ | 15,989 |  |  | $ | (4,280) |  |  | $ | 11,709 |
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 income (loss), net of tax, for the three and six months ended June 30, 2021 and 2020.
|  | Securities |  |  |  | Accumulated Other
|  | Available |  |  |  | Comprehensive Income
(dollars in thousands) |  | For Sale |  | Derivatives |  | (Loss)
Three Months Ended June 30, 2021 |  |  |  |  |  |
Balance at Beginning of Period |  | $ | (1,615) |  |  | $ | (383) |  |  | $ | (1,998) |
Other comprehensive income before reclassifications |  | 6,655 |  |  | — |  |  | 6,655 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (236) |  |  | 99 |  |  | (137) |
Net other comprehensive income during period |  | 6,419 |  |  | 99 |  |  | 6,518 |
Balance at End of Period |  | $ | 4,804 |  |  | $ | (284) |  |  | $ | 4,520 |
|  | 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 |  |  | (25) |  |  | 1,845 |
Amounts reclassified from accumulated other comprehensive loss |  | (538) |  |  | 296 |  |  | (242) |
Net other comprehensive income during period |  | 1,332 |  |  | 271 |  |  | 1,603 |
Balance at End of Period |  | $ | 15,941 |  |  | $ | (1,273) |  |  | $ | 14,668 |
|  | Securities |  |  |  | Accumulated Other
|  | Available |  |  |  | Comprehensive Income
(dollars in thousands) |  | For Sale |  | Derivatives |  | (Loss)
Six Months Ended June 30, 2021 |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 16,168 |  |  | $ | (668) |  |  | $ | 15,500 |
Other comprehensive income (loss) before reclassifications |  | (10,962) |  |  | (1) |  |  | (10,963) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (402) |  |  | 385 |  |  | (17) |
Net other comprehensive income (loss) during period |  | (11,364) |  |  | 384 |  |  | (10,980) |
Balance at End of Period |  | $ | 4,804 |  |  | $ | (284) |  |  | $ | 4,520 |
|  | 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 |  | 13,976 |  |  | (1,345) |  |  | 12,631 |
Amounts reclassified from accumulated other comprehensive loss |  | (1,144) |  |  | 222 |  |  | (922) |
Net other comprehensive income (loss) during period |  | 12,832 |  |  | (1,123) |  |  | 11,709 |
Balance at End of Period |  | $ | 15,941 |  |  | $ | (1,273) |  |  | $ | 14,668 |
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, 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 June 30, |  | Net Income is Presented
(dollars in thousands) |  | 2021 |  | 2020 |  |
Realized gain on sale of investment securities |  | $ | 318 |  |  | $ | 713 |  |  | Gain on sale of investment securities
Interest income derivative deposits |  | (133) |  |  | (393) |  |  | Interest income on deposits
Income tax expense |  | (48) |  |  | (78) |  |  | Income tax expense
Total Reclassifications for the Period |  | $ | 137 |  |  | $ | 242 |  |  | 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) |  | 2021 |  | 2020 |  |
Realized gain on sale of investment securities |  | $ | 539 |  |  | $ | 1,535 |  |  | Gain on sale of investment securities
Interest income derivative deposits |  | (517) |  |  | (299) |  |  | Interest income on deposits
Income tax expense |  | (5) |  |  | (314) |  |  | Income tax expense
Total Reclassifications for the Period |  | $ | 17 |  |  | $ | 922 |  |  | Net Income

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