Comprehensive Income

6 Months Ended

Jun. 30, 2021

Note 13 – Comprehensive Income

The following tables present the components of accumulated other comprehensive income (“AOCI”) as of and for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2021		2020		2021		2020
Details about AOCI components	Amount reclassified from AOCI		Amount reclassified from AOCI		Amount reclassified from AOCI		Amount reclassified from AOCI		Affected income statement line item
Available-for-sale securities
Unrealized holding gains	$	1,708	$	554	$	2,851	$	830	Gain (loss) on sale of available-for-sale securities
	1,708		554		2,851		830		Total before tax
	(400)		(150)		(668)		(225)		Income tax effect
	1,308		404		2,183		605		Net of tax
Defined benefit pension plan items
Amortization of net actuarial loss	(127)		(105)		(254)		(210)		Salaries and benefits
	(127)		(105)		(254)		(210)		Total before tax
	30		28		59		57		Income tax effect
	(97)		(77)		(195)		(153)		Net of tax
Investment hedge
Carrying value adjustment	(359)		(960)		(623)		833		Interest on investment securities
	(359)		(960)		(623)		833		Total before tax
	84		259		146		(225)		Income tax effect
	(275)		(701)		(477)		608		Net of tax

Total reclassifications	$	936	$	(374)	$	1,511	$	1,060


(Dollars in thousands)	Unrealized gains (losses) on available for-sale securities		Defined benefit pension plan items		Investment hedge		Total






Balance at March 31, 2021	$	1,863	$	(3,644)	$	(111)	$	(1,892)
Other comprehensive income before reclassification	2,581		246		—		2,827
Amounts reclassified from AOCI	(1,308)		97		275		(936)
Net current period OCI	1,273		343		275		1,891
Balance at June 30, 2021	$	3,136	$	(3,301)	$	164	$	(1)

Balance at December 31, 2020	7,586		(5,047)		(313)		2,226
Other comprehensive income (loss) before reclassification	(2,267)		1,551		—		(716)
Amounts reclassified from AOCI	(2,183)		195		477		(1,511)
Net current period OCI	(4,450)		1,746		477		(2,227)
Balance at June 30, 2020	$	3,136	$	(3,301)	$	164	$	(1)

Balance at March 31, 2020	$	3,773	$	(4,734)	$	(1,277)	$	(2,238)
Other comprehensive income (loss) before reclassification	402		(731)		—		(329)
Amounts reclassified from AOCI	(404)		77		701		374
Net current period OCI	(2)		(654)		701		45
Balance at June 30, 2020	$	3,771	$	(5,388)	$	(576)	$	(2,193)

Balance at December 31, 2019	2,942		(4,295)		32		(1,321)
Other comprehensive income (loss) before reclassification	1,434		(1,246)		—		188
Amounts reclassified from AOCI	(605)		153		(608)		(1,060)
Net current period OCI	829		(1,093)		(608)		(872)
Balance at June 30, 2020	$	3,771	$	(5,388)	$	(576)	$	(2,193)