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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2019
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)

NOTE 6 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following were changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods ended March 31, 2019 and 2018 (in thousands):

 

 

 

 

 

 

 

Unrealized Gains

 

 

Unrealized

 

 

 

 

 

 

 

Gains and

 

 

and Losses

 

 

Losses on

 

 

 

 

 

 

 

Losses on

 

 

on Available

 

 

Securities

 

 

 

 

 

 

 

Cash Flow

 

 

for Sale

 

 

Transferred to

 

 

 

 

 

Three Months Ended March 31, 2019

 

Hedges

 

 

Securities

 

 

Held to Maturity

 

 

Total

 

Beginning Balance

 

$

(2,636

)

 

$

(680

)

 

$

 

 

$

(3,316

)

Other comprehensive income (loss) before

   reclassification

 

 

198

 

 

 

2,393

 

 

 

 

 

 

2,591

 

Amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

(188

)

 

 

9

 

 

 

 

 

 

(179

)

Net current period other comprehensive income (loss)

 

 

10

 

 

 

2,402

 

 

 

 

 

 

2,412

 

Ending Balance

 

$

(2,626

)

 

$

1,722

 

 

$

 

 

$

(904

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

(3,679

)

 

$

1,162

 

 

$

(10

)

 

$

(2,527

)

Other comprehensive income (loss) before

    reclassification

 

 

768

 

 

 

(3,216

)

 

 

20

 

 

 

(2,428

)

Amounts reclassified from accumulated other

   comprehensive income (loss)

 

 

(228

)

 

 

 

 

 

(10

)

 

 

(238

)

Net current period other comprehensive income (loss)

 

 

540

 

 

 

(3,216

)

 

 

10

 

 

 

(2,666

)

Ending Balance

 

$

(3,139

)

 

$

(2,054

)

 

$

 

 

$

(5,193

)

 

The following were significant amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three months ended March 31, 2019 and 2018 (in thousands):

 

 

 

Three Months

 

 

Three Months

 

 

Affected Line Item

Details about Accumulated Other

 

Ended

 

 

Ended

 

 

in the Statement Where

Comprehensive Income (Loss) Components

 

March 31, 2019

 

 

March 31, 2018

 

 

Net Income is Presented

 

 

 

 

 

 

 

 

 

 

 

Unrealized losses on cash flow hedges

 

$

(110

)

 

$

(108

)

 

Interest expense - money market

 

 

 

(87

)

 

 

(144

)

 

Interest expense - Federal Home Loan Bank advances

 

 

 

9

 

 

 

24

 

 

Income tax benefit

 

 

$

(188

)

 

$

(228

)

 

Net of tax

 

 

 

 

 

 

 

 

 

 

 

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

 

$

12

 

 

$

 

 

Net gain on sale of securities

 

 

 

(3

)

 

 

 

 

Income tax expense

 

 

$

9

 

 

$

 

 

Net of tax

 

 

 

 

 

 

 

 

 

 

 

Unrealized losses on securities transferred to held-to-maturity

 

$

 

 

$

(14

)

 

Interest income - securities

 

 

 

 

 

 

4

 

 

Income tax benefit

 

 

$

 

 

$

(10

)

 

Net of tax