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CAPITAL RATIOS AND SHAREHOLDERS' EQUITY | 3 Months Ended
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Mar. 31, 2021
Stockholders' Equity Note [Abstract] |
CAPITAL RATIOS AND SHAREHOLDERS' EQUITY | ​ ​ NOTE 6. CAPITAL RATIOS AND SHAREHOLDERS’ EQUITY ​ The actual and required capital ratios are, as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Regulatory |  | ​ |  | Regulatory |
​ | ​ | March 31, | ​ | Minimum to be | ​ | December 31, | ​ | Minimum to be |
​ | ​ | 2021 | ​ | "Well-Capitalized" | ​ | 2020 | ​ | "Well-Capitalized" |
Company (consolidated) |  |  |  |  |  |  |  |  | ​
Total capital to risk-weighted assets |  | 13.83 | % | 10.50 | % | 13.56 | % | 10.50 | %
Common equity tier 1 capital to risk-weighted assets |  | 10.55 |  | 7.00 |  | 10.49 |  | 7.00 | ​
Tier 1 capital to risk-weighted assets |  | 11.34 |  | 8.50 |  | 11.28 |  | 8.50 | ​
Tier 1 capital to average assets |  | 8.27 |  | 5.00 |  | 8.12 |  | 5.00 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Bank |  |  |  |  |  |  |  |  | ​
Total capital to risk-weighted assets |  | 13.62 | % | 10.50 | % | 13.27 | % | 10.50 | %
Common equity tier 1 capital to risk-weighted assets |  | 12.66 |  | 7.00 |  | 12.52 |  | 7.00 | ​
Tier 1 capital to risk-weighted assets |  | 12.66 |  | 8.50 |  | 12.52 |  | 8.50 | ​
Tier 1 capital to average assets |  | 9.23 |  | 5.00 |  | 9.02 |  | 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) |  | March 31, 2021 |  | December 31, 2020
Accumulated other comprehensive income, before tax: |  | ​ |  |  | ​ |
Net unrealized gain on AFS securities | ​ | $ | 5,884 | ​ | $ | 13,069
Net unrealized gain on hedging derivatives | ​ |  | 485 | ​ |  | 3,144
Net unrealized loss on post-retirement plans | ​ |  | (1,850) | ​ |  | (1,850)
​ | ​ | ​ | ​ | ​ | ​ | ​
Income taxes related to items of accumulated other comprehensive income: | ​ |  |  | ​ |  |
Net unrealized gain on AFS securities | ​ |  | (1,374) | ​ |  | (3,046)
Net unrealized gain on hedging derivatives | ​ |  | (113) | ​ |  | (733)
Net unrealized loss on post-retirement plans | ​ |  | 432 | ​ |  | 432
Accumulated other comprehensive income | ​ | $ | 3,464 | ​ | $ | 11,016
​ The following table presents the components of other comprehensive income (loss) for the three months ended March 31, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | Before Tax |  | Tax Effect |  | Net of Tax
Three Months Ended March 31, 2021 |  | ​ |  |  | ​ |  |  | ​ |
Net unrealized loss on AFS securities: |  | ​ |  |  | ​ |  |  | ​ |
Net unrealized loss arising during the period | ​ | $ | (7,185) | ​ | $ | 1,672 | ​ | $ | (5,513)
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized loss on AFS securities | ​ |  | (7,185) | ​ |  | 1,672 | ​ |  | (5,513)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized gain on hedging derivatives: | ​ |  |  | ​ |  |  | ​ |  | ​
Net unrealized loss arising during the period | ​ |  | (2,659) | ​ |  | 620 | ​ |  | (2,039)
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized loss on cash flow hedging derivatives | ​ |  | (2,659) | ​ |  | 620 | ​ |  | (2,039)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized loss on post-retirement plans: | ​ |  |  | ​ |  |  | ​ |  | ​
Net unrealized loss arising during the period | ​ |  | — | ​ |  | — | ​ |  | —
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized loss on post-retirement plans | ​ |  | — | ​ |  | — | ​ |  | —
Other comprehensive loss | ​ | $ | (9,844) | ​ | $ | 2,292 | ​ | $ | (7,552)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended March 31, 2020 | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized gain on AFS securities: | ​ |  |  | ​ |  |  | ​ |  |
Net unrealized gain arising during the period | ​ | $ | 5,492 | ​ | $ | (1,378) | ​ | $ | 4,114
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | 135 | ​ |  | (32) | ​ |  | 103
Net unrealized gain on AFS securities | ​ |  | 5,357 | ​ |  | (1,346) | ​ |  | 4,011
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized loss on derivative hedgess: | ​ |  |  | ​ |  |  | ​ |  | ​
Net unrealized loss arising during the period | ​ |  | (2,382) | ​ |  | 650 | ​ |  | (1,732)
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized loss on cash flow derivative hedges | ​ |  | (2,382) | ​ |  | 650 | ​ |  | (1,732)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized loss on post-retirement plans: | ​ |  |  | ​ |  |  | ​ |  | ​
Net unrealized loss arising during the period | ​ |  | — | ​ |  | — | ​ |  | —
Less: reclassification adjustment for gains (losses) realized in net income | ​ |  | — | ​ |  | — | ​ |  | —
Net unrealized loss on post-retirement plans | ​ |  | — | ​ |  | — | ​ |  | —
Other comprehensive income | ​ | $ | 2,975 | ​ | $ | (696) | ​ | $ | 2,279
​ ​ The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax impacts, for the three months ended March 31, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Net unrealized |  | Net loss on |  | Net unrealized |  | ​ | ​
​ | ​ | gain | ​ | effective cash | ​ | loss | ​ | ​ | ​
​ | ​ | on AFS | ​ | flow hedging | ​ | on pension | ​ | ​ | ​
(in thousands) | ​ | Securities | ​ | derivatives | ​ | plans | ​ | Total
Three Months Ended March 31, 2021 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Balance at beginning of period | ​ | $ | 10,021 | ​ | $ | 2,413 | ​ | $ | (1,418) | ​ | $ | 11,016
Other comprehensive loss before reclassifications | ​ |  | (5,513) | ​ |  | (2,039) | ​ |  | — | ​ |  | (7,552)
Less: amounts reclassified from accumulated other comprehensive income | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total other comprehensive loss | ​ |  | (5,513) | ​ |  | (2,039) | ​ |  | — | ​ |  | (7,552)
Balance at end of period | ​ | $ | 4,508 | ​ | $ | 374 | ​ | $ | (1,418) | ​ | $ | 3,464
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended March 31, 2020 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
Balance at beginning of period | ​ | $ | 5,549 | ​ | $ | (481) | ​ | $ | (1,157) | ​ | $ | 3,911
Other comprehensive gain (loss) before reclassifications | ​ |  | 4,114 | ​ |  | (1,732) | ​ |  | — | ​ |  | 2,382
Less: amounts reclassified from accumulated other comprehensive income | ​ |  | 103 | ​ |  | — | ​ |  | — | ​ |  | 103
Total other comprehensive income (loss) | ​ |  | 4,011 | ​ |  | (1,732) | ​ |  | — | ​ |  | 2,279
Balance at end of period | ​ | $ | 9,560 | ​ | $ | (2,213) | ​ | $ | (1,157) | ​ | $ | 6,190
​ The following tables presents the amounts reclassified out of each component of accumulated other comprehensive income for three months ended March 31, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, | ​ | ​ | Affected Line Item where
(in thousands) |  | 2021 |  | 2020 |  |  | Net Income is Presented
Net realized gains on AFS securities: | ​ |  | ​ | ​ |  | ​ | ​ | ​ |
Before tax | ​ | $ | — | ​ | $ | 135 | ​ |  | Non-interest income
Tax effect | ​ |  | — | ​ |  | (32) | ​ |  | Tax expense
Total reclassifications for the period | ​ | $ | — | ​ | $ | 103 | ​ |  | Net of tax
(1) | Net realized gains before tax include no realized gains and losses for the three months ended March 31, 2021 and gross realized gains of $146 thousand and realized losses of $11 thousand for the three months ended March 31, 2020.
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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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