Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2017

Other Comprehensive Income Details 1

Schedule of components of other comprehensive income (loss)

The following table presents the components of other comprehensive income (loss) for the three and nine months ended September 30, 2017 and 2016.

(dollars in thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended September 30, 2017
Net unrealized gain on securities available-for-sale	$	25		$	10		$	15
Less: Reclassification adjustment for net gains included in net income		(11	)		(4	)		(7	)
Total unrealized gain		14			6			8
Net unrealized gain on derivatives		557			210			347
Less: Reclassification adjustment for gain included in net income		(289	)		(106	)		(183	)
Total unrealized gain		268			104			164
Other Comprehensive Income	$	282		$	110		$	172
Three Months Ended September 30, 2016
Net unrealized loss on securities available-for-sale	$	(1,512	)	$	(605	)	$	(907	)
Less: Reclassification adjustment for net gains included in net income		1			—			1
Total unrealized loss		(1,511	)		(605	)		(906	)
Net unrealized gain on derivatives		2,927			1,171			1,756
Less: Reclassification adjustment for losses included in net income		(777	)		(311	)		(466	)
Total unrealized gain		2,150			860			1,290
Other Comprehensive Income	$	639		$	255		$	384
Nine Months Ended September 30, 2017
Net unrealized gain on securities available-for-sale	$	2,080		$	837		$	1,243
Less: Reclassification adjustment for net gains included in net income		(542	)		(202	)		(340	)
Total unrealized gain		1,538			635			903
Net unrealized gain on derivatives		2,186			836			1,350
Less: Reclassification adjustment for gain included in net income		(1,308	)		(487	)		(821	)
Total unrealized gain		878			349			529
Other Comprehensive Income	$	2,416		$	984		$	1,432
Nine Months Ended September 30, 2016
Net unrealized gain on securities available-for-sale	$	6,850		$	2,740		$	4,110
Less: Reclassification adjustment for net gains included in net income		(1,123	)		(449	)		(674	)
Total unrealized gain		5,727			2,291			3,436
Net unrealized loss on derivatives		(9,132	)		(3,654	)		(5,478	)
Less: Reclassification adjustment for losses included in net income		(1,519	)		(608	)		(911	)
Total unrealized loss		(7,613	)		(3,046	)		(4,567	)
Other Comprehensive Loss	$	(1,886	)	$	(755	)	$	(1,131	)

Schedule of changes in accumulated other comprehensive income (loss)

The following table presents the changes in each component of accumulated other comprehensive (loss) income, net of tax, for the three and nine months ended September 30, 2017 and 2016.

	Securities						Accumulated Other
(dollars in thousands)	Available For Sale			Derivatives			Comprehensive (Loss) Income
Three Months Ended September 30, 2017
Balance at Beginning of Period	$	(1,060	)	$	(61	)	$	(1,121	)
Other comprehensive income before reclassifications		15			347			362
Amounts reclassified from accumulated other comprehensive loss		(7	)		(183	)		(190	)
Net other comprehensive income during period		8			164			172
Balance at End of Period	$	(1,052	)	$	103		$	(949	)
Three Months Ended September 30, 2016
Balance at Beginning of Period	$	5,383		$	(6,707	)	$	(1,324	)
Other comprehensive (loss) income before reclassifications		(907	)		1,756			849
Amounts reclassified from accumulated other comprehensive (loss) income		1			(466	)		(465	)
Net other comprehensive (loss) income during period		(906	)		1,290			384
Balance at End of Period	$	4,477		$	(5,417	)	$	(940	)
Nine Months Ended September 30, 2017
Balance at Beginning of Period	$	(1,955	)	$	(426	)	$	(2,381	)
Other comprehensive income before reclassifications		1,243			1,350			2,593
Amounts reclassified from accumulated other comprehensive loss		(340	)		(821	)		(1,161	)
Net other comprehensive income during period		903			529			1,432
Balance at End of Period	$	(1,052	)	$	103		$	(949	)
Nine Months Ended September 30, 2016
Balance at Beginning of Period	$	1,041		$	(850	)	$	191
Other comprehensive income (loss) before reclassifications		4,110			(5,478	)		(1,368	)
Amounts reclassified from accumulated other comprehensive (loss) income		(674	)		911			237
Net other comprehensive income (loss) during period		3,436			(4,567	)		(1,131	)
Balance at End of Period	$	4,477		$	(5,417	)	$	(940	)

Schedule of amounts reclassified out of accumulated other comprehensive income (loss)

The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2017 and 2016.

Details about Accumulated Other	Amount Reclassified from						Affected Line Item in
Comprehensive Income Components	Accumulated Other						the Statement Where
(dollars in thousands)	Comprehensive (Loss) Income						Net Income is Presented
	Three Months Ended September 30,
	2017			2016
Realized gain on sale of investment securities	$	(11	)	$	(1	)	Gain on sale of investment securities
Interest expense derivative deposits		(289	)		(470	)	Interest expense on deposits
Interest expense derivative borrowings		—			(306	)	Interest expense on short-term borrowings
Income tax expense		110			311		Tax expense
Total Reclassifications for the Period	$	(190	)	$	(466	)	Net Income
Details about Accumulated Other	Amount Reclassified from						Affected Line Item in
Comprehensive Income Components	Accumulated Other						the Statement Where
(dollars in thousands)	Comprehensive (Loss) Income						Net Income is Presented
	Nine Months Ended September 30,
		2017			2016
Realized gain on sale of investment securities	$	(542	)	$	(1,123	)	Gain on sale of investment securities
Interest expense derivative deposits		(1,308	)		(952	)	Interest expense on deposits
Interest expense derivative borrowings		—			(567	)	Interest expense on short-term borrowings
Income tax expense		689			2,405		Tax expense
Total Reclassifications for the Period	$	(1,161	)	$	(237	)	Net Income