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Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 30, 2023
Disclosure Of Other Comprehensive Income Loss [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents a reconciliation of the changes in the components of other comprehensive income or loss for the dates indicated, including the amount of income tax expense or benefit allocated to each component of other comprehensive income or loss:
|  | Three Months Ended June 30, |  |  |
Reclassification Adjustments |  | 2023 |  |  | 2022 |  |  | Affected Line Item in Consolidated Statements of (Loss) Income
|  | (Dollars in thousands) |  |  |
Gains on sale of securities available-for-sale |  | $ | — |  |  | $ | — |  |  | Securities gains, net
Tax effect |  |  | — |  |  |  | — |  |  | Income tax (benefit) expense
|  |  | — |  |  |  | — |  |  | Net (loss) income
Net amortization of bond premiums |  |  | 251 |  |  |  | 249 |  |  | Interest on debt securities
Tax effect |  |  | (68 | ) |  |  | (67 | ) |  | Income tax (benefit) expense
|  |  | 183 |  |  |  | 182 |  |  | Net (loss) income
Net interest expense on swaps |  |  | — |  |  |  | (6 | ) |  | Interest on borrowings
Tax effect |  |  | — |  |  |  | 2 |  |  | Income tax (benefit) expense
|  |  | — |  |  |  | (4 | ) |  | Net (loss) income
Total reclassification adjustments |  | $ | 183 |  |  | $ | 178 |  |  |
|  | Six Months Ended June 30, |  |  |
Reclassification Adjustments |  | 2023 |  |  | 2022 |  |  | Affected Line Item in Consolidated Statements of (Loss) Income
|  | (Dollars in thousands) |  |  |
Gains on sale of securities available-for-sale |  | $ | — |  |  | $ | (52 | ) |  | Securities gains, net
Tax effect |  |  | — |  |  |  | 14 |  |  | Income tax (benefit) expense
|  |  | — |  |  |  | (38 | ) |  | Net (loss) income
Net amortization of bond premiums |  |  | 490 |  |  |  | 487 |  |  | Interest on debt securities
Tax effect |  |  | (132 | ) |  |  | (132 | ) |  | Income tax (benefit) expense
|  |  | 358 |  |  |  | 355 |  |  | Net (loss) income
Gains on termination of interest rate swaps |  |  | (849 | ) |  |  | — |  |  | Gain on termination of interest rate swaps
Tax effect |  |  | 230 |  |  |  | — |  |  | Income tax (benefit) expense
|  |  | (619 | ) |  |  | — |  |  | Net (loss) income
Net interest expense on swaps |  |  | — |  |  |  | 7 |  |  | Interest on borrowings
Tax effect |  |  | — |  |  |  | (2 | ) |  | Income tax (benefit) expense
|  |  | — |  |  |  | 5 |  |  | Net (loss) income
Total reclassification adjustments |  | $ | (261 | ) |  | $ | 322 |  |  |
Summary of Changes in Component of AOCI | The following tables present the changes in each component of AOCI for the periods indicated:
(Dollars in thousands) |  | Net Unrealized Gains (Losses) on AFS Securities(1) |  |  | Net Unrealized Gains (Losses) on Cash Flow Hedges(1) |  |  | AOCI(1) |
Balance at March 31, 2023 |  | $ | (8,919 | ) |  | $ | — |  |  | $ | (8,919 | )
Other comprehensive loss before reclassification |  |  | (1,186 | ) |  |  | — |  |  |  | (1,186 | )
Amounts reclassified from AOCI |  |  | 183 |  |  |  | — |  |  |  | 183 |
Other comprehensive loss |  |  | (1,003 | ) |  |  | — |  |  |  | (1,003 | )
Balance at June 30, 2023 |  | $ | (9,922 | ) |  | $ | — |  |  | $ | (9,922 | )
Balance at March 31, 2022 |  | $ | (4,485 | ) |  | $ | 463 |  |  | $ | (4,022 | )
Other comprehensive (loss) income before reclassification |  |  | (4,323 | ) |  |  | 84 |  |  |  | (4,239 | )
Amounts reclassified from AOCI |  |  | 182 |  |  |  | (4 | ) |  |  | 178 |
Other comprehensive (loss) income |  |  | (4,141 | ) |  |  | 80 |  |  |  | (4,061 | )
Balance at June 30, 2022 |  | $ | (8,626 | ) |  | $ | 543 |  |  | $ | (8,083 | )
Balance at December 31, 2022 |  | $ | (10,428 | ) |  | $ | 701 |  |  | $ | (9,727 | )
Other comprehensive income (loss) before reclassification |  |  | 148 |  |  |  | (82 | ) |  |  | 66 |
Amounts reclassified from AOCI |  |  | 358 |  |  |  | (619 | ) |  |  | (261 | )
Other comprehensive income (loss) |  |  | 506 |  |  |  | (701 | ) |  |  | (195 | )
Balance at June 30, 2023 |  | $ | (9,922 | ) |  | $ | — |  |  | $ | (9,922 | )
Balance at December 31, 2021 |  | $ | 575 |  |  | $ | 146 |  |  | $ | 721 |
Other comprehensive (loss) income before reclassification |  |  | (9,518 | ) |  |  | 392 |  |  |  | (9,126 | )
Amounts reclassified from AOCI |  |  | 317 |  |  |  | 5 |  |  |  | 322 |
Other comprehensive (loss) income |  |  | (9,201 | ) |  |  | 397 |  |  |  | (8,804 | )
Balance at June 30, 2022 |  | $ | (8,626 | ) |  | $ | 543 |  |  | $ | (8,083 | )
(1) All amounts are net of tax.

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