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Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2020
Disclosure Of Other Comprehensive Income Loss [Abstract]  
Schedule of Accumulated Other Comprehensive Income The following table presents a reconciliation of the changes in the components of other comprehensive income for the dates indicated, including the amount of income tax benefit (expense) allocated to each component of other comprehensive income:

Reclassification Adjustment

 

Three Months Ended June 30, 2020

 

 

Three Months Ended June 30, 2019

 

 

Affected Line Item

in Statements of Income

 

 

(Dollars in thousands)

 

 

 

(Gains) losses on securities available for sale

 

$

(169

)

 

$

2

 

 

Securities gains (losses), net

Tax effect

 

 

46

 

 

 

 

 

Income tax expense

 

 

$

(123

)

 

$

2

 

 

Net income

Net amortization of premium on securities

 

$

102

 

 

$

14

 

 

Interest on debt securities

Tax effect

 

 

(28

)

 

 

(4

)

 

Income tax expense

 

 

$

74

 

 

$

10

 

 

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2020

 

 

Six Months Ended June 30, 2019

 

 

 

(Gains) losses on securities available for sale

 

$

(283

)

 

$

10

 

 

Securities gains (losses), net

Tax effect

 

 

77

 

 

 

(2

)

 

Income tax expense

 

 

$

(206

)

 

$

8

 

 

Net income

Net amortization of premium on securities

 

$

151

 

 

$

40

 

 

Interest on debt securities

Tax effect

 

 

(41

)

 

 

(11

)

 

Income tax expense

 

 

$

110

 

 

$

29

 

 

Net income

 

Summary of Changes in Component of AOCI

The following tables present the changes in each component of AOCI for the periods indicated:

 

(Dollars in thousands)

 

Net Unrealized Gains

(Losses) on AFS

Securities(1)

 

 

Net Unrealized Losses

on Cash Flow

Hedges(1)

 

 

AOCI(1)

 

Balance at December 31, 2018

 

$

(465

)

 

$

 

 

$

(465

)

Other comprehensive income (loss) before

   reclassification

 

 

518

 

 

 

 

 

 

518

 

      Amounts reclassified from AOCI

 

 

25

 

 

 

 

 

 

25

 

Other Comprehensive income (loss)

 

 

543

 

 

 

 

 

 

543

 

Balance at March 31, 2019

 

 

78

 

 

 

 

 

 

78

 

Other comprehensive income (loss) before

   reclassification

 

 

332

 

 

 

 

 

 

332

 

      Amounts reclassified from AOCI

 

 

12

 

 

 

 

 

 

12

 

Other Comprehensive income (loss)

 

 

344

 

 

 

 

 

 

344

 

Balance at June 30, 2019

 

$

422

 

 

$

 

 

$

422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 

$

521

 

 

$

 

 

$

521

 

Other comprehensive income (loss) before

   reclassification

 

 

253

 

 

 

 

 

 

253

 

      Amounts reclassified from AOCI

 

 

(48

)

 

 

 

 

 

(48

)

Other Comprehensive income (loss)

 

 

205

 

 

 

 

 

 

205

 

Balance at March 31, 2020

 

 

726

 

 

 

 

 

 

726

 

Other comprehensive income (loss) before

   reclassification

 

 

436

 

 

 

(124

)

 

 

312

 

      Amounts reclassified from AOCI

 

 

(49

)

 

 

5

 

 

 

(44

)

Other Comprehensive income (loss)

 

 

387

 

 

 

(119

)

 

 

268

 

Balance at June 30, 2020

 

$

1,113

 

 

$

(119

)

 

$

994

 

 

 

(1)

All amounts are net of tax