Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

3.ACCUMULATED OTHER COMPREHENSIVE INCOME

The following tables illustrate the changes in accumulated other comprehensive income by component and the details about the components of accumulated other comprehensive income as of and for the periods indicated:

As of and for the year ended December 31, 2020
	Unrealized gains
	(losses) on
	available-for-sale
(dollars in thousands)	debt securities
Beginning balance	$	3,602
Other comprehensive income before reclassifications, net of tax		5,441
Amounts reclassified from accumulated other comprehensive income, net of tax		(91)
Net current-period other comprehensive income		5,350
Ending balance	$	8,952

As of and for the year ended December 31, 2019
	Unrealized gains
	(losses) on
	available-for-sale
(dollars in thousands)	debt securities
Beginning balance	$	(1,095)
Other comprehensive income before reclassifications, net of tax		4,708
Amounts reclassified from accumulated other comprehensive income, net of tax		(11)
Net current-period other comprehensive income		4,697
Ending balance	$	3,602

As of and for the year ended December 31, 2018
	Unrealized gains
	(losses) on
	available-for-sale
(dollars in thousands)	debt securities
Beginning balance	$	1,804
Other comprehensive loss before reclassifications, net of tax		(2,470)
Amounts reclassified from accumulated other comprehensive income, net of tax		(8)
Effect of adopting ASU 2016-01, net of tax*		(421)
Net current-period other comprehensive loss		(2,899)
Ending balance	$	(1,095)

*The Company adopted ASU 2016-01 on January 1, 2018. As a result, unrealized gains on equity securities were reclassified from accumulated other comprehensive income to retained earnings.

Details about accumulated other
comprehensive income components	Amount reclassified from accumulated						Affected line item in the statement
(dollars in thousands)	other comprehensive income						where net income is presented
	2020		2019		2018
Unrealized gains (losses) on AFS debt securities	$	115	$	14	$	10	Gain (loss) on sale of investment securities
Income tax effect		(24)		(3)		(2)	Provision for income taxes
Total reclassifications for the period	$	91	$	11	$	8	Net income