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Other Comprehensive Income | 12 Months Ended
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Dec. 31, 2022
Other Comprehensive Income |
Other Comprehensive Income | Other Comprehensive Income The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020.
(dollars in thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Year Ended December 31, 2022 |  |  |  |  |  |
Net unrealized gain (loss) on securities available-for-sale |  | $ | (186,439) |  |  | $ | 45,513 |  |  | $ | (140,926) |
Less: Reclassification adjustment for net loss included in net income |  | 169 |  |  | (58) |  |  | 111 |
Total unrealized gain (loss) |  | (186,270) |  |  | 45,455 |  |  | (140,815) |
Net unrealized gain on securities held-to-maturity |  | (66,193) |  |  | 17,098 |  |  | $ | (49,095) |
Amortization of unrealized loss on securities transferred to held-to-maturity |  | 7,093 |  |  | (2,732) |  |  | $ | 4,361 |
Total unrealized gain (loss) |  | (59,100) |  |  | 14,366 |  |  | (44,734) |
Net unrealized gain on derivatives |  | 284 |  |  | — |  |  | 284 |
Less: Reclassification adjustment for gain (loss) included in net income |  | — |  |  | — |  |  | — |
Total unrealized gain |  | 284 |  |  | — |  |  | 284 |
Other comprehensive income (loss) |  | $ | (245,086) |  |  | $ | 59,821 |  |  | $ | (185,265) |
Year Ended December 31, 2021 |  |  |  |  |  |
Net unrealized gain (loss) on securities available-for-sale |  | $ | (37,669) |  |  | $ | 9,746 |  |  | $ | (27,923) |
Less: Reclassification adjustment for net gain (loss) included in net income |  | (2,964) |  |  | 761 |  |  | (2,203) |
Total unrealized gain (loss) |  | (40,633) |  |  | 10,507 |  |  | (30,126) |
Net unrealized gain (loss) on derivatives |  | — |  |  | — |  |  | — |
Less: Reclassification adjustment for gain (loss) included in net income |  | 516 |  |  | (132) |  |  | 384 |
Total unrealized gain (loss) |  | 516 |  |  | (132) |  |  | 384 |
Other comprehensive income (loss) |  | $ | (40,117) |  |  | $ | 10,375 |  |  | $ | (29,742) |
Year Ended December 31, 2020 |  |  |  |  |  |
Net unrealized gain (loss) on securities available-for-sale |  | $ | 19,637 |  |  | $ | (5,215) |  |  | $ | 14,422 |
Less: Reclassification adjustment for net loss included in net income |  | (1,815) |  |  | 452 |  |  | (1,363) |
Total unrealized gain (loss) |  | 17,822 |  |  | (4,763) |  |  | 13,059 |
Net unrealized gain (loss) on derivatives |  | (2,049) |  |  | 671 |  |  | (1,378) |
Less: Reclassification adjustment for gain (loss) included in net income |  | 1,145 |  |  | (285) |  |  | 860 |
Total unrealized gain (loss) |  | (904) |  |  | 386 |  |  | (518) |
Other comprehensive income (loss) |  | $ | 16,918 |  |  | $ | (4,377) |  |  | $ | 12,541 |
The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2022, 2021 and 2020.
(dollars in thousands) |  | Securities Available For Sale |  | Held-to-Maturity Securities |  | Derivatives |  | Accumulated Other Comprehensive Income (Loss)
Year Ended December 31, 2022 |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | (13,958) |  |  | $ | — |  |  | $ | (284) |  |  | $ | (14,242) |
Other comprehensive income (loss) before reclassifications |  | (140,926) |  |  | — |  |  | 284 |  |  | (140,642) |
Transfer of securities from AFS to HTM |  |  |  | (49,095) |  |  |  |  | (49,095) |
Amounts reclassified from accumulated other comprehensive income |  | 111 |  |  | 4,361 |  |  | — |  |  | 4,472 |
Net other comprehensive income (loss) during period |  | (140,815) |  |  | (44,734) |  |  | 284 |  |  | (185,265) |
Balance at End of Period |  | $ | (154,773) |  |  | $ | (44,734) |  |  | $ | — |  |  | $ | (199,507) |
Year Ended December 31, 2021 |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 16,168 |  |  | $ | — |  |  | $ | (668) |  |  | $ | 15,500 |
Other comprehensive income (loss) before reclassifications |  | (27,923) |  |  | — |  |  | — |  |  | (27,923) |
Amounts reclassified from accumulated other comprehensive income |  | (2,203) |  |  | — |  |  | 384 |  |  | (1,819) |
Net other comprehensive income (loss) during period |  | (30,126) |  |  | — |  |  | 384 |  |  | (29,742) |
Balance at End of Period |  | $ | (13,958) |  |  | $ | — |  |  | $ | (284) |  |  | $ | (14,242) |
Year Ended December 31, 2020 |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 3,109 |  |  | $ | — |  |  | $ | (150) |  |  | $ | 2,959 |
Other comprehensive income (loss) before reclassifications |  | 14,422 |  |  | — |  |  | (1,378) |  |  | 13,044 |
Amounts reclassified from accumulated other comprehensive income |  | (1,363) |  |  | — |  |  | 860 |  |  | (503) |
Net other comprehensive income (loss) during period |  | 13,059 |  |  | — |  |  | (518) |  |  | 12,541 |
Balance at End of Period |  | $ | 16,168 |  |  | $ | — |  |  | $ | (668) |  |  | $ | 15,500 |
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020.
Details about Accumulated Other |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  | Affected Line Item in the Statement Where Net Income is Presented
Comprehensive Income Components |  | Year Ended December 31, |  |
(dollars in thousands) |  | 2022 |  | 2021 |  | 2020 |  |
Realized gain (loss) on sale of investment securities |  | $ | (169) |  |  | $ | 2,964 |  |  | $ | 1,815 |  |  | Gain (loss) on sale of investment securities
Gain / (loss) on derivatives |  | — |  |  | (516) |  |  | (1,145) |  |  | Interest on deposits
Income tax (expense) benefit |  | 58 |  |  | (629) |  |  | (167) |  |  | Income tax expense
Total Reclassifications for the Period |  | $ | (111) |  |  | $ | 1,819 |  |  | $ | 503 |  |  | Net Income

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