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Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 30, 2022
Other Comprehensive Income [Abstract] |
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, 2022 and 2021.
(dollars in thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Three Months Ended June 30, 2022 |  |  |  |  |  |
Net unrealized loss on securities available-for-sale |  | $ | (44,717) |  |  | $ | 11,697 |  |  | $ | (33,020) |
Less: Reclassification adjustment for net loss included in net income |  | 151 |  |  | (51) |  |  | 100 |
Total unrealized loss on investment securities available-for-sale |  | (44,566) |  |  | 11,646 |  |  | (32,920) |
Amortization of unrealized loss on securities transferred to held-to-maturity |  | 2,689 |  |  | (698) |  |  | 1,991 |
Total unrealized gain investment securities held-to-maturity |  | 2,689 |  |  | (698) |  |  | 1,991 |
Net unrealized gain on derivatives |  | 284 |  |  | — |  |  | 284 |
Total unrealized gain on derivatives |  | 284 |  |  | — |  |  | 284 |
Other comprehensive loss |  | $ | (41,593) |  |  | $ | 10,948 |  |  | $ | (30,645) |
Three Months Ended June 30, 2021 |  |  |  |  |  |
Net unrealized gain on securities available-for-sale |  | $ | 8,957 |  |  | $ | (2,302) |  |  | $ | 6,655 |
Less: reclassification adjustment for net gain included in net income |  | (318) |  |  | 82 |  |  | (236) |
Total unrealized gain on investment securities available-for-sale |  | 8,639 |  |  | (2,220) |  |  | 6,419 |
Reclassification adjustment for loss included in net income |  | 133 |  |  | (34) |  |  | 99 |
Total unrealized gain on derivatives |  | 133 |  |  | (34) |  |  | 99 |
Other comprehensive income |  | $ | 8,772 |  |  | $ | (2,254) |  |  | $ | 6,518 |
Six Months Ended June 30, 2022 |  |  |  |  |  |
Net unrealized loss on securities available-for-sale |  | $ | (123,944) |  |  | $ | 32,520 |  |  | $ | (91,424) |
Less: Reclassification adjustment for net losses included in net income |  | 176 |  |  | (59) |  |  | 117 |
Total unrealized loss on investment securities available-for-sale |  | (123,768) |  |  | 32,461 |  |  | (91,307) |
Net unrealized (loss) on securities transferred to held-to-maturity |  | (66,193) |  |  | 17,098 |  |  | (49,095) |
Amortization of unrealized loss on securities transferred to held-to-maturity |  | 2,689 |  |  | (698) |  |  | 1,991 |
Total unrealized loss on investment securities held-to-maturity |  | (63,504) |  |  | 16,400 |  |  | (47,104) |
Net unrealized gain on derivatives |  | 284 |  |  | — |  |  | 284 |
Total unrealized gain on derivatives |  | 284 |  |  | — |  |  | 284 |
Other comprehensive loss |  | $ | (186,988) |  |  | $ | 48,861 |  |  | $ | (138,127) |
Six Months Ended June 30, 2021 |  |  |  |  |  |
Net unrealized loss on securities available-for-sale |  | $ | (14,756) |  |  | $ | 3,794 |  |  | $ | (10,962) |
Less: Reclassification adjustment for net gains included in net income |  | (539) |  |  | 137 |  |  | (402) |
Total unrealized loss on investment securities available-for-sale |  | (15,295) |  |  | 3,931 |  |  | (11,364) |
Net unrealized loss on derivatives |  | (1) |  |  | — |  |  | (1) |
Reclassification adjustment for loss included in net income |  | 517 |  |  | (132) |  |  | 385 |
Total unrealized gain on derivatives |  | 516 |  |  | (132) |  |  | 384 |
Other comprehensive loss |  | $ | (14,779) |  |  | $ | 3,799 |  |  | $ | (10,980) |
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, 2022 and 2021.
|  | Securities |  | Securities |  |  |  | Accumulated Other
|  | Available |  | Held to |  |  |  | Comprehensive
(dollars in thousands) |  | For Sale |  | Maturity |  | Derivatives |  | Income (Loss)
Three Months Ended June 30, 2022 |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (72,345) |  |  | $ | (49,095) |  |  | $ | (284) |  |  | $ | (121,724) |
Other comprehensive (loss) income before reclassifications |  | (33,020) |  |  | — |  |  | 284 |  |  | (32,736) |
Amounts reclassified from accumulated other comprehensive loss |  | 100 |  |  | — |  |  | — |  |  | 100 |
Amortization of unrealized loss on securities transferred to held-to-maturity |  | — |  |  | 1,991 |  |  | — |  |  | 1,991 |
Net other comprehensive loss during period |  | (32,920) |  |  | 1,991 |  |  | 284 |  |  | (30,645) |
Balance at end of period |  | $ | (105,265) |  |  | $ | (47,104) |  |  | $ | — |  |  | $ | (152,369) |
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 |
Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (13,958) |  |  | $ | — |  |  | $ | (284) |  |  | $ | (14,242) |
Other comprehensive (loss) income before reclassifications |  | (91,424) |  |  | — |  |  | 284 |  |  | (91,140) |
Amounts reclassified from accumulated other comprehensive loss |  | 117 |  |  | — |  |  | — |  |  | 117 |
Net unrealized loss on securities transferred to held-to-maturity |  | — |  |  | (49,095) |  |  | — |  |  | (49,095) |
Amortization of unrealized loss on securities transferred to held-to-maturity |  | — |  |  | 1,991 |  |  | — |  |  | 1,991 |
Net other comprehensive (loss) income during period |  | (91,307) |  |  | (47,104) |  |  | 284 |  |  | (138,127) |
Balance at end of period |  | $ | (105,265) |  |  | $ | (47,104) |  |  | $ | — |  |  | $ | (152,369) |
Six Months Ended June 30, 2021 |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 16,168 |  |  | $ | — |  |  | $ | (668) |  |  | $ | 15,500 |
Other comprehensive (loss) income before reclassifications |  | (10,962) |  |  | — |  |  | (1) |  |  | (10,963) |
Amounts reclassified from accumulated other comprehensive loss |  | (402) |  |  | — |  |  | 385 |  |  | (17) |
Net other comprehensive (loss) income during period |  | (11,364) |  |  | — |  |  | 384 |  |  | (10,980) |
Balance at end of period |  | $ | 4,804 |  |  | $ | — |  |  | $ | (284) |  |  | $ | 4,520 |
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, 2022 and 2021.
|  | Amount Reclassified from |  |
|  | Accumulated Other |  |
Details about Accumulated Other |  | Comprehensive (Loss) Income |  | Affected Line Item in
Comprehensive Loss Components |  | Three Months Ended June 30, |  | Consolidated Statements of
(dollars in thousands) |  | 2022 |  | 2021 |  | Income
Realized (loss) gain on sale of investment securities |  | $ | (151) |  |  | $ | 318 |  |  | Net (loss) gain on sale of investment securities
Interest income derivative deposits |  | — |  |  | (133) |  |  | Interest on balances with other banks and short-term investments
Income tax benefit (expense) |  | 51 |  |  | (48) |  |  | Income tax expense
Total reclassifications for the periods |  | $ | (100) |  |  | $ | 137 |  |  |
|  | Amount Reclassified from |  |
|  | Accumulated Other |  |
Details about Accumulated Other |  | Comprehensive (Loss) Income |  | Affected Line Item in
Comprehensive Loss Components |  | Six Months Ended June 30, |  | Consolidated Statements of
(dollars in thousands) |  | 2022 |  | 2021 |  | Income
Realized (loss) gain on sale of investment securities |  | $ | (176) |  |  | $ | 539 |  |  | Net (loss) gain on sale of investment securities
Interest income derivative deposits |  | — |  |  | (517) |  |  | Interest on balances with other banks and short-term investments
Income tax benefit (expense) |  | 59 |  |  | (5) |  |  | Income tax expense
Total reclassifications for the periods |  | $ | (117) |  |  | $ | 17 |  |  |

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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- Definition 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 https://asc.fasb.org/extlink&oid=126968391&loc=d3e526-108580 + Details
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