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Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2024

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

Note 14: Accumulated Other Comprehensive Income

The following tables present the components of other comprehensive income for the three and nine months ended September 30, 2024 and 2023:

​	​	​	​	​	​	​	​	​	​
(dollars in thousands)	​	Before Tax		​	Tax Effect		​	Net of Tax
Three Months Ended September 30, 2024	​	​	​	​	​	​	​	​	​
Net Unrealized Gain on Available for Sale Securities	​	$	14,738	​	$	(4,236)	​	$	10,502
Less: Reclassification Adjustment for Net Losses Included in Net Income	​	​	28	​	​	(8)	​	​	20
Total Unrealized Gain	​	​	14,766	​	​	(4,244)	​	​	10,522
​	​	​	​	​	​	​	​	​	​
Net Unrealized Loss on Cash Flow Hedge	​	​	(6,761)	​	​	1,943	​	​	(4,818)
Less: Reclassification Adjustment for Gains Included in Net Income	​	​	(2,526)	​	​	726	​	​	(1,800)
Total Unrealized Loss	​	​	(9,287)	​	​	2,669	​	​	(6,618)
​	​	​	​	​	​	​	​	​	​
Other Comprehensive Income	​	$	5,479	​	$	(1,575)	​	$	3,904
​	​	​	​	​	​	​	​	​	​
Three Months Ended September 30, 2023	​	​	​	​	​	​	​	​	​
Net Unrealized Loss on Available for Sale Securities	​	$	(10,151)	​	$	2,917	​	$	(7,234)
Less: Reclassification Adjustment for Net Gains Included in Net Income	​	​	—	​	​	—	​	​	—
Total Unrealized Loss	​	​	(10,151)	​	​	2,917	​	​	(7,234)
​	​	​	​	​	​	​	​	​	​
Net Unrealized Gain on Cash Flow Hedge	​	​	7,763	​	​	(2,231)	​	​	5,532
Less: Reclassification Adjustment for Gains Included in Net Income	​	​	(1,623)	​	​	467	​	​	(1,156)
Total Unrealized Gain	​	​	6,140	​	​	(1,764)	​	​	4,376
​	​	​	​	​	​	​	​	​	​
Other Comprehensive Loss	​	$	(4,011)	​	$	1,153	​	$	(2,858)

​

​	​	​	​	​	​	​	​	​	​
(dollars in thousands)	​	Before Tax		​	Tax Effect		​	Net of Tax
Nine Months Ended September 30, 2024	​	​	​	​	​	​	​	​	​
Net Unrealized Gain on Available for Sale Securities	​	$	16,141	​	$	(4,639)	​	$	11,502
Less: Reclassification Adjustment for Net Gains Included in Net Income	​	​	(385)	​	​	111	​	​	(274)
Total Unrealized Gain	​	​	15,756	​	​	(4,528)	​	​	11,228
​	​	​	​	​	​	​	​	​	​
Net Unrealized Gain on Cash Flow Hedge	​	​	987	​	​	(284)	​	​	703
Less: Reclassification Adjustment for Gains Included in Net Income	​	​	(7,158)	​	​	2,057	​	​	(5,101)
Total Unrealized Loss	​	​	(6,171)	​	​	1,773	​	​	(4,398)
​	​	​	​	​	​	​	​	​	​
Other Comprehensive Income	​	$	9,585	​	$	(2,755)	​	$	6,830
​	​	​	​	​	​	​	​	​	​
Nine Months Ended September 30, 2023	​	​	​	​	​	​	​	​	​
Net Unrealized Loss on Available for Sale Securities	​	$	(14,338)	​	$	4,121	​	$	(10,217)
Less: Reclassification Adjustment for Net Losses Included in Net Income	​	​	6	​	​	(2)	​	​	4
Total Unrealized Loss	​	​	(14,332)	​	​	4,119	​	​	(10,213)
​	​	​	​	​	​	​	​	​	​
Net Unrealized Gain on Cash Flow Hedge	​	​	10,167	​	​	(2,921)	​	​	7,246
Less: Reclassification Adjustment for Gains Included in Net Income	​	​	(4,010)	​	​	1,153	​	​	(2,857)
Total Unrealized Gain	​	​	6,157	​	​	(1,768)	​	​	4,389
​	​	​	​	​	​	​	​	​	​
Other Comprehensive Loss	​	$	(8,175)	​	$	2,351	​	$	(5,824)

​

The following tables present the changes in each component of accumulated other comprehensive income, net of tax, for the three and nine months ended September 30, 2024 and 2023:

​	​	​	​	​	​	​	​	​	​
​	​	​		​	​		​	Accumulated
​	​	Available For		​	​	​	​	Other Comprehensive
(dollars in thousands)	​	Sale Securities		​	Cash Flow Hedge		​	Income (Loss)
Three Months Ended September 30, 2024	​	​	​	​	​	​	​	​	​
Balance at Beginning of Period	​	$	(31,014)	​	$	15,694	​	$	(15,320)
Other Comprehensive Income Before Reclassifications	​	​	10,502	​	​	(4,818)	​	​	5,684
Amounts Reclassified from Accumulated Other Comprehensive Income	​	​	20	​	​	(1,800)	​	​	(1,780)
Net Other Comprehensive Income During Period	​	​	10,522	​	​	(6,618)	​	​	3,904
Balance at End of Period	​	$	(20,492)	​	$	9,076	​	$	(11,416)
​	​	​	​	​	​	​	​	​	​
Three Months Ended September 30, 2023	​	​	​	​	​	​	​	​	​
Balance at Beginning of Period	​	$	(37,103)	​	$	16,195	​	$	(20,908)
Other Comprehensive Income (Loss) Before Reclassifications	​	​	(7,234)	​	​	5,532	​	​	(1,702)
Amounts Reclassified from Accumulated Other Comprehensive Income	​	​	—	​	​	(1,156)	​	​	(1,156)
Net Other Comprehensive Income (Loss) During Period	​	​	(7,234)	​	​	4,376	​	​	(2,858)
Balance at End of Period	​	$	(44,337)	​	$	20,571	​	$	(23,766)

​

​	​	​	​	​	​	​	​	​	​
​	​	​		​	​		​	Accumulated
​	​	Available For		​	​	​	​	Other Comprehensive
(dollars in thousands)	​	Sale Securities		​	Cash Flow Hedge		​	Income (Loss)
Nine Months Ended September 30, 2024	​	​	​	​	​	​	​	​	​
Balance at Beginning of Period	​	$	(31,720)	​	$	13,474	​	$	(18,246)
Other Comprehensive Income Before Reclassifications	​	​	11,502	​	​	703	​	​	12,205
Amounts Reclassified from Accumulated Other Comprehensive Income	​	​	(274)	​	​	(5,101)	​	​	(5,375)
Net Other Comprehensive Income During Period	​	​	11,228	​	​	(4,398)	​	​	6,830
Balance at End of Period	​	$	(20,492)	​	$	9,076	​	$	(11,416)
​	​	​	​	​	​	​	​	​	​
Nine Months Ended September 30, 2023	​	​	​	​	​	​	​	​	​
Balance at Beginning of Period	​	$	(34,124)	​	$	16,182	​	$	(17,942)
Other Comprehensive Income (Loss) Before Reclassifications	​	​	(10,217)	​	​	7,246	​	​	(2,971)
Amounts Reclassified from Accumulated Other Comprehensive Income	​	​	4	​	​	(2,857)	​	​	(2,853)
Net Other Comprehensive Income (Loss) During Period	​	​	(10,213)	​	​	4,389	​	​	(5,824)
Balance at End of Period	​	$	(44,337)	​	$	20,571	​	$	(23,766)

​

X

- References

No definition available.

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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