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Other Comprehensive Loss (Tables)

6 Months Ended

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.