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Other Comprehensive Income
 9 Months Ended
Sep. 30, 2021
Other Comprehensive Income  
Other Comprehensive Income Other Comprehensive IncomeThe following table presents the components of other comprehensive income (loss) for the three and nine months ended September 30, 2021 and 2020.
(dollars in thousands)Before TaxTax EffectNet of Tax
Three Months Ended September 30, 2021
Net unrealized gain (loss) on securities available-for-sale$(7,682)$1,979 $(5,703)
Less: Reclassification adjustment for net gains (losses) included in net income(1,519)386 (1,133)
Total unrealized gain (loss)(9,201)2,365 (6,836)
Net unrealized gain (loss) on derivatives— — — 
Less: Reclassification adjustment for gain (loss) included in net income— — — 
Total unrealized gain (loss)— — — 
Other Comprehensive Income (Loss)$(9,201)$2,365 $(6,836)
Three Months Ended September 30, 2020
Net unrealized gain (loss) on securities available-for-sale$(840)$216 $(624)
Less: Reclassification adjustment for net gains (losses) included in net income(115)29 (86)
Total unrealized gain (loss)(955)245 (710)
Net unrealized gain (loss) on derivatives31 (7)24 
Less: Reclassification adjustment for gain (loss) included in net income389 (100)289 
Total unrealized gain (loss)420 (107)313 
Other Comprehensive Income (Loss)$(535)$138 $(397)
Nine Months Ended September 30, 2021
Net unrealized gain (loss) on securities available-for-sale$(22,437)$5,771 $(16,666)
Less: Reclassification adjustment for net gains (losses) included in net income(2,058)524 (1,534)
Total unrealized gain (loss)(24,495)6,295 (18,200)
Net unrealized loss on derivatives1,033 (264)769 
Less: Reclassification adjustment for gain (loss) included in net income(517)132 (385)
Total unrealized gain (loss)516 (132)384 
Other Comprehensive Income (Loss)$(23,979)$6,163 $(17,816)
Nine Months Ended September 30, 2020
Net unrealized gain (loss) 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 (loss)16,752 (4,629)12,123 
Net unrealized gain (loss) on derivatives(1,986)662 (1,324)
Less: Reclassification adjustment for gain included in net income688 (175)513 
Total unrealized gain (loss)(1,298)487 (811)
Other Comprehensive Income (Loss)$15,454 $(4,142)$11,312 
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, 2021 and 2020.
SecuritiesAccumulated Other
AvailableComprehensive Income
(dollars in thousands)For SaleDerivatives(Loss)
Three Months Ended September 30, 2021
Balance at Beginning of Period$4,804 $(284)$4,520 
Other comprehensive income before reclassifications(5,703)— (5,703)
Amounts reclassified from accumulated other comprehensive income (loss)(1,133)— (1,133)
Net other comprehensive income during period(6,836)— (6,836)
Balance at End of Period$(2,032)$(284)$(2,316)
SecuritiesAccumulated Other
AvailableComprehensive Income
(dollars in thousands)For SaleDerivatives(Loss)
Three Months Ended September 30, 2020
Balance at Beginning of Period$15,942 $(1,274)$14,668 
Other comprehensive income before reclassifications(624)24 (600)
Amounts reclassified from accumulated other comprehensive loss(86)289 203 
Net other comprehensive income during period(710)313 (397)
Balance at End of Period$15,232 $(961)$14,271 
SecuritiesAccumulated Other
AvailableComprehensive Income
(dollars in thousands)For SaleDerivatives(Loss)
Nine Months Ended September 30, 2021
Balance at Beginning of Period$16,168 $(668)$15,500 
Other comprehensive income (loss) before reclassifications(16,666)769 (15,897)
Amounts reclassified from accumulated other comprehensive income (loss)(1,534)(385)(1,919)
Net other comprehensive income (loss) during period(18,200)384 (17,816)
Balance at End of Period$(2,032)$(284)$(2,316)
SecuritiesAccumulated Other
AvailableComprehensive Income
(dollars in thousands)For SaleDerivatives(Loss)
Nine Months Ended September 30, 2020
Balance at Beginning of Period$3,109 $(150)$2,959 
Other comprehensive income (loss) before reclassifications13,354 (1,324)12,030 
Amounts reclassified from accumulated other comprehensive loss(1,231)513 (718)
Net other comprehensive income (loss) during period12,123 (811)11,312 
Balance at End of Period$15,232 $(961)$14,271 
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, 2021 and 2020.
Amount Reclassified from
Accumulated OtherAffected Line Item in
Details about Accumulated OtherComprehensive (Loss) Incomethe Statement Where
Comprehensive Income ComponentsThree Months Ended September 30,Net Income is Presented
(dollars in thousands)20212020
Realized gain on sale of investment securities$1,519 $115 Gain on sale of investment securities
Interest income derivative deposits— (389)Interest income on deposits
Income tax expense(386)71 Income tax expense
        Total Reclassifications for the Period$1,133 $(203)Net Income
Amount Reclassified from
Accumulated OtherAffected Line Item in
Details about Accumulated OtherComprehensive (Loss) Incomethe Statement Where
Comprehensive Income ComponentsNine Months Ended September 30,Net Income is Presented
(dollars in thousands)20212020
Realized gain on sale of investment securities$2,058 $1,650 Gain on sale of investment securities
Interest income derivative deposits517 (688)Interest income on deposits
Income tax expense(656)(244)Income tax expense
        Total Reclassifications for the Period$1,919 $718 Net Income