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Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income

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.

Schedule of Reclassifications from Accumulated Other Comprehensive Income

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