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Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Income

Summary of components of other comprehensive income (loss)

The following table presents the components of other comprehensive income for the three months ended March 31, 2024 and 2023:

​	​	​	​	​	​	​	​	​	​
(dollars in thousands)	​	Before Tax		​	Tax Effect		​	Net of Tax
Three Months Ended March 31, 2024	​	​	​	​	​	​	​	​	​
Net Unrealized Gain on Available for Sale Securities	​	$	235	​	$	(67)	​	$	168
Less: Reclassification Adjustment for Net Gains Included in Net Income	​	​	(93)	​	​	27	​	​	(66)
Total Unrealized Gain	​	​	142	​	​	(40)	​	​	102
​	​	​	​	​	​	​	​	​	​
Net Unrealized Gain on Cash Flow Hedge	​	​	5,712	​	​	(1,642)	​	​	4,070
Less: Reclassification Adjustment for Gains Included in Net Income	​	​	(2,303)	​	​	661	​	​	(1,642)
Total Unrealized Gain	​	​	3,409	​	​	(981)	​	​	2,428
​	​	​	​	​	​	​	​	​	​
Other Comprehensive Income	​	$	3,551	​	$	(1,021)	​	$	2,530
​	​	​	​	​	​	​	​	​	​
Three Months Ended March 31, 2023	​	​	​	​	​	​	​	​	​
Net Unrealized Gain on Available for Sale Securities	​	$	5,243	​	$	(1,506)	​	$	3,737
Less: Reclassification Adjustment for Net Losses Included in Net Income	​	​	56	​	​	(16)	​	​	40
Total Unrealized Gain	​	​	5,299	​	​	(1,522)	​	​	3,777
​	​	​	​	​	​	​	​	​	​
Net Unrealized Loss on Cash Flow Hedge	​	​	(4,169)	​	​	1,198	​	​	(2,971)
Less: Reclassification Adjustment for Gains Included in Net Income	​	​	(1,067)	​	​	307	​	​	(760)
Total Unrealized Loss	​	​	(5,236)	​	​	1,505	​	​	(3,731)
​	​	​	​	​	​	​	​	​	​
Other Comprehensive Income	​	$	63	​	$	(17)	​	$	46

Summary 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, net of tax, for the three months ended March 31, 2024 and 2023:

​	​	​	​	​	​	​	​	​	​
​	​	​		​	​		​	Accumulated
​	​	Available For		​	​	​	​	Other Comprehensive
(dollars in thousands)	​	Sale Securities		​	Cash Flow Hedge		​	Income (Loss)
Three Months Ended March 31, 2024	​	​	​	​	​	​	​	​	​
Balance at Beginning of Period	​	$	(31,720)	​	$	13,474	​	$	(18,246)
Other Comprehensive Income Before Reclassifications	​	​	168	​	​	4,070	​	​	4,238
Amounts Reclassified from Accumulated Other Comprehensive Income	​	​	(66)	​	​	(1,642)	​	​	(1,708)
Net Other Comprehensive Income During Period	​	​	102	​	​	2,428	​	​	2,530
Balance at End of Period	​	$	(31,618)	​	$	15,902	​	$	(15,716)
​	​	​	​	​	​	​	​	​	​
Three Months Ended March 31, 2023	​	​	​	​	​	​	​	​	​
Balance at Beginning of Period	​	$	(34,124)	​	$	16,182	​	$	(17,942)
Other Comprehensive Income (Loss) Before Reclassifications	​	​	3,737	​	​	(2,971)	​	​	766
Amounts Reclassified from Accumulated Other Comprehensive Income	​	​	40	​	​	(760)	​	​	(720)
Net Other Comprehensive Income (Loss) During Period	​	​	3,777	​	​	(3,731)	​	​	46
Balance at End of Period	​	$	(30,347)	​	$	12,451	​	$	(17,896)

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- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

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-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

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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
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 1
-Section 45
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1

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