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CAPITAL RATIOS AND SHAREHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2020
Stockholders' Equity Note [Abstract] |
CAPITAL RATIOS AND SHAREHOLDERS' EQUITY | ​ ​ NOTE 7. CAPITAL RATIOS AND SHAREHOLDERS’ EQUITY ​ The actual and required capital ratios are, as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Regulatory |  | ​ |  | Regulatory |
​ | ​ | September 30, | ​ | Minimum to be | ​ | December 31, | ​ | Minimum to be |
​ | ​ | 2020 | ​ | "Well-Capitalized" | ​ | 2019 | ​ | "Well-Capitalized" |
Company (consolidated) |  |  |  |  |  |  |  |  | ​
Total capital to risk-weighted assets |  | 13.32 | % | 10.50 | % | 13.61 | % | 10.50 | %
Common equity tier 1 capital to risk-weighted assets |  | 10.29 |  | 7.00 |  | 10.57 |  | 7.00 | ​
Tier 1 capital to risk-weighted assets |  | 11.08 |  | 8.50 |  | 11.39 |  | 8.50 | ​
Tier 1 capital to average assets |  | 8.14 |  | 5.00 |  | 8.13 |  | 5.00 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Bank |  |  |  |  |  |  |  |  | ​
Total capital to risk-weighted assets |  | 13.03 | % | 10.50 | % | 12.42 | % | 10.50 | %
Common equity tier 1 capital to risk-weighted assets |  | 12.33 |  | 7.00 |  | 11.79 |  | 7.00 | ​
Tier 1 capital to risk-weighted assets |  | 12.33 |  | 8.50 |  | 11.79 |  | 8.50 | ​
Tier 1 capital to average assets |  | 9.06 |  | 5.00 |  | 8.39 |  | 5.00 | ​
​ At each date shown, the Company and the Bank met the conditions to be classified as “well-capitalized” under the relevant regulatory framework. To be categorized as "well-capitalized," an institution must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table above. ​ The Company and the Bank are subject to the Basel III rule that requires the Company and the Bank to assess their Common equity tier 1 capital to risk-weighted assets and the Company and the Bank each exceed the minimum to be "well-capitalized." Effective January 1, 2019 all banking organizations must maintain a minimum Common equity tier 1 risk-based capital ratio of 7.0%, a minimum Tier 1 risk-based capital ratio of 8.5% and a minimum Total risk-based capital ratio of 10.5%. ​ Accumulated other comprehensive income (loss) ​ Components of accumulated other comprehensive income is, as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | September 30, 2020 |  | December 31, 2019
Other accumulated comprehensive income, before tax: |  | ​ |  |  | ​ |
Net unrealized gain on AFS securities | ​ | $ | 15,264 | ​ | $ | 7,342
Net unrealized loss on hedging derivatives | ​ |  | (1,461) | ​ |  | (718)
Net unrealized loss on post-retirement plans | ​ |  | (1,512) | ​ |  | (1,512)
​ | ​ | ​ | ​ | ​ | ​ | ​
Income taxes related to items of accumulated other comprehensive income: | ​ |  |  | ​ |  |
Net unrealized gain on AFS securities | ​ |  | (3,583) | ​ |  | (1,793)
Net unrealized loss on hedging derivatives | ​ |  | 342 | ​ |  | 237
Net unrealized loss on post-retirement plans | ​ |  | 355 | ​ |  | 355
Accumulated other comprehensive income | ​ | $ | 9,405 | ​ | $ | 3,911
​ The following table presents the components of other comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Three Months Ended September 30, 2020 |  | ​ |  |  | ​ |  |  | ​ |
Net unrealized gain on AFS securities: |  | ​ |  |  | ​ |  |  | ​ |
Net unrealized gain arising during the period | ​ | $ | 351 | ​ | $ | (82) | ​ | $ | 269
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized gain on AFS securities | ​ |  | 351 | ​ |  | (82) | ​ |  | 269
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized gain on cash flow hedging derivatives: | ​ |  |  | ​ |  |  | ​ |  | ​
Net unrealized gain arising during the period | ​ |  | 805 | ​ |  | (190) | ​ |  | 615
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized gain on cash flow hedging derivatives | ​ |  | 805 | ​ |  | (190) | ​ |  | 615
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized gain on post-retirement plans: | ​ |  |  | ​ |  |  | ​ |  | ​
Net unrealized gain arising during the period | ​ |  | — | ​ |  | — | ​ |  | —
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized gain on post-retirement plans | ​ |  | — | ​ |  | — | ​ |  | —
Other comprehensive income | ​ | $ | 1,156 | ​ | $ | (272) | ​ | $ | 884
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended September 30, 2019 | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized gain on AFS securities: | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized gain arising during the period | ​ | $ | 3,357 | ​ | $ | (784) | ​ | $ | 2,573
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | 157 | ​ |  | (37) | ​ |  | 120
Net unrealized gain on AFS securities | ​ |  | 3,200 | ​ |  | (747) | ​ |  | 2,453
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized loss on cash flow hedging derivatives: | ​ |  |  | ​ |  |  | ​ |  | ​
Net unrealized loss arising during the period | ​ |  | (370) | ​ |  | 85 | ​ |  | (285)
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized loss on cash flow hedging derivatives | ​ |  | (370) | ​ |  | 85 | ​ |  | (285)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized gain on post-retirement plans: | ​ |  |  | ​ |  |  | ​ |  | ​
Net unrealized gain arising during the period | ​ |  | — | ​ |  | — | ​ |  | —
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized gain on post-retirement plans | ​ |  | — | ​ |  | — | ​ |  | —
Other comprehensive income | ​ | $ | 2,830 | ​ | $ | (662) | ​ | $ | 2,168
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Nine Months Ended September 30, 2020 |  | ​ |  |  | ​ |  |  | ​ |
Net unrealized gain on AFS securities: |  | ​ |  |  | ​ |  |  | ​ |
Net unrealized gain arising during the period | ​ | $ | 9,408 | ​ | $ | (2,146) | ​ | $ | 7,262
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | 1,486 | ​ |  | (355) | ​ |  | 1,131
Net unrealized gain on AFS securities | ​ |  | 7,922 | ​ |  | (1,791) | ​ |  | 6,131
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized loss on derivative hedges: | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized loss arising during the period | ​ |  | (833) | ​ |  | 196 | ​ |  | (637)
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized loss on derivative hedges | ​ |  | (833) | ​ |  | 196 | ​ |  | (637)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized gain on post-retirement plans: | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized gain arising during the period | ​ |  | — | ​ |  | — | ​ |  | —
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized gain on post-retirement plans | ​ |  | — | ​ |  | — | ​ |  | —
Other comprehensive income | ​ | $ | 7,089 | ​ | $ | (1,595) | ​ | $ | 5,494
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended September 30, 2019 | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized gain on AFS securities: | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized gain arising during the period | ​ | $ | 21,903 | ​ | $ | (5,118) | ​ | $ | 16,785
Less: reclassification adjustment for gains realized in net income | ​ |  | 157 | ​ |  | (37) | ​ |  | 120
Net unrealized gain on AFS securities | ​ |  | 21,746 | ​ |  | (5,081) | ​ |  | 16,665
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized loss on cash flow hedging derivatives: | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized loss arising during the period | ​ |  | (2,372) | ​ |  | 554 | ​ |  | (1,818)
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized loss on cash flow hedging derivatives | ​ |  | (2,372) | ​ |  | 554 | ​ |  | (1,818)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized gain on post-retirement plans: | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized gain arising during the period | ​ |  | — | ​ |  | — | ​ |  | —
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized gain on post-retirement plans | ​ |  | — | ​ |  | — | ​ |  | —
Other comprehensive income | ​ | $ | 19,374 | ​ | $ | (4,527) | ​ | $ | 14,847
​ The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax impacts, for the three and nine months ended September 30, 2020 and 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Net unrealized |  | Net loss on |  | Net unrealized |  | ​ | ​
​ | ​ | gain (loss) | ​ | effective cash | ​ | loss | ​ | ​ | ​
​ | ​ | on AFS | ​ | flow hedging | ​ | on pension | ​ | ​ | ​
(in thousands) | ​ | Securities | ​ | derivatives | ​ | plans | ​ | Total
Three Months Ended September 30, 2020 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Balance at beginning of period | ​ | $ | 11,412 | ​ | $ | (1,734) | ​ | $ | (1,157) | ​ | $ | 8,521
Other comprehensive gain before reclassifications | ​ |  | 269 | ​ |  | 615 | ​ |  | — | ​ |  | 884
Less: amounts reclassified from accumulated other comprehensive income | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total other comprehensive income | ​ |  | 269 | ​ |  | 615 | ​ |  | — | ​ |  | 884
Balance at end of period | ​ | $ | 11,681 | ​ | $ | (1,119) | ​ | $ | (1,157) | ​ | $ | 9,405
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended September 30, 2019 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
Balance at beginning of period | ​ | $ | 5,547 | ​ | $ | (3,782) | ​ | $ | (888) | ​ | $ | (5,628)
Other comprehensive gain (loss) before reclassifications | ​ |  | 2,573 | ​ |  | (285) | ​ |  | — | ​ |  | 2,288
Less: amounts reclassified from accumulated other comprehensive income | ​ |  | 120 | ​ |  | — | ​ |  | — | ​ |  | 120
Total other comprehensive income (loss) | ​ |  | 2,453 | ​ |  | (285) | ​ |  | — | ​ |  | 2,168
Balance at end of period | ​ | $ | 8,000 | ​ | $ | (4,067) | ​ | $ | (888) | ​ | $ | 3,045
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended September 30, 2020 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
Balance at beginning of period | ​ | $ | 5,550 | ​ | $ | (482) | ​ | $ | (1,157) | ​ | $ | 3,911
Other comprehensive gain (loss) before reclassifications | ​ |  | 7,262 | ​ |  | (637) | ​ |  | — | ​ |  | 6,625
Less: amounts reclassified from accumulated other comprehensive income | ​ |  | 1,131 | ​ |  | — | ​ |  | — | ​ |  | 1,131
Total other comprehensive income (loss) | ​ |  | 6,131 | ​ |  | (637) | ​ |  | — | ​ |  | 5,494
Balance at end of period | ​ | $ | 11,681 | ​ | $ | (1,119) | ​ | $ | (1,157) | ​ | $ | 9,405
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended September 30, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at beginning of period | ​ | $ | (8,665) | ​ | $ | (2,249) | ​ | $ | (888) | ​ | $ | (11,802)
Other comprehensive gain (loss) before reclassifications | ​ |  | 16,785 | ​ |  | (1,818) | ​ |  | — | ​ |  | 14,967
Less: amounts reclassified from accumulated other comprehensive income | ​ |  | 120 | ​ |  | — | ​ |  | — | ​ |  | 120
Total other comprehensive income (loss) | ​ |  | 16,665 | ​ |  | (1,818) | ​ |  | — | ​ |  | 14,847
Balance at end of period | ​ | $ | 8,000 | ​ | $ | (4,067) | ​ | $ | (888) | ​ | $ | 3,045
​ The following tables presents the amounts reclassified out of each component of accumulated other comprehensive income for three and nine months ended September 30, 2020 and 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30, | ​ | ​ | Affected Line Item where
(in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  |  | Net Income is Presented
Net realized gains on AFS securities: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ |
Before tax(1) | ​ | $ | — | ​ | $ | 157 | ​ | $ | 1,486 | ​ | $ | 157 | ​ |  | Non-interest income
Tax effect | ​ |  | — | ​ |  | (37) | ​ |  | (355) | ​ |  | (37) | ​ |  | Tax expense
Total reclassifications for the period | ​ | $ | — | ​ | $ | 120 | ​ | $ | 1,131 | ​ | $ | 120 | ​ |  | Net of tax
(1) | Net realized gains before tax include gross realized gains $1.5 million and realized losses of $22 thousand for the nine months ended September 30, 2020 and gross realized gains of $716 thousand and realized losses of $559 thousand for the three and nine months ended September 30, 2019.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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