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Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax

The following were changes in accumulated other comprehensive income (loss) by component, net of tax, for the years ended December 31, 2021 and 2020 (in thousands):

 

 

 

 

 

 

Unrealized Gains

 

 

 

 

 

 

Gains and

 

 

and Losses

 

 

 

 

 

 

Losses on

 

 

on Available

 

 

 

 

 

 

Cash Flow

 

 

for Sale

 

 

 

 

Year Ended December 31, 2021

 

Hedges

 

 

Securities

 

 

Total

 

Beginning balance

 

$

 

 

$

7,728

 

 

$

7,728

 

Other comprehensive loss before
   reclassification, net of tax

 

 

 

 

 

(8,977

)

 

 

(8,977

)

Amounts reclassified from accumulated other
   comprehensive loss, net of tax

 

 

 

 

 

(21

)

 

 

(21

)

Net current period other comprehensive loss

 

 

 

 

 

(8,998

)

 

 

(8,998

)

Ending balance

 

$

 

 

$

(1,270

)

 

$

(1,270

)

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2020

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(2,679

)

 

$

4,062

 

 

$

1,383

 

Other comprehensive income before
   reclassification, net of tax

 

 

 

 

 

3,758

 

 

 

3,758

 

Amounts reclassified from accumulated other
   comprehensive income (loss), net of tax

 

 

2,679

 

 

 

(92

)

 

 

2,587

 

Net current period other comprehensive income (loss)

 

 

2,679

 

 

 

3,666

 

 

 

6,345

 

Ending balance

 

$

 

 

$

7,728

 

 

$

7,728

 

Summary of Significant Amounts Reclassified out off Accumulated Other Comprehensive Income (Loss)

The following were significant amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Affected Line Item

Details about Accumulated Other

 

Year Ended

 

 

Year Ended

 

 

Year Ended

 

 

in the Statement Where

Comprehensive Income Components

 

December 31, 2021

 

 

December 31, 2020

 

 

December 31, 2019

 

 

Net Income is Presented

Realized losses on cash flow hedges

 

$

 

 

$

(2,466

)

 

$

(635

)

 

Interest expense - savings and money market accounts

 

 

 

 

 

 

(213

)

 

 

(243

)

 

Interest expense - Federal Home Loan Bank advances

 

 

 

 

 

 

 

 

 

9

 

 

Income tax benefit

 

 

$

 

 

$

(2,679

)

 

$

(869

)

 

Net of tax

Realized gains and (losses) on available-for-sale securities

 

$

28

 

 

$

125

 

 

$

(99

)

 

Net gain (loss) on sale of securities

 

 

 

(7

)

 

 

(33

)

 

 

26

 

 

Income tax (expense) benefit

 

 

$

21

 

 

$

92

 

 

$

(73

)

 

Net of tax