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Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Other Comprehensive Income Loss [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)

The Company reports certain items as “other comprehensive income” and reflects total accumulated other comprehensive income (“AOCI”) in the consolidated financial statements for all years containing elements of other comprehensive income or loss. The following table presents a reconciliation of the changes in the components of other comprehensive income or loss for the dates indicated, including the amount of income tax expense or benefit allocated to each component of other comprehensive income or loss:

 

 

Year Ended December 31,

 

 

 

Reclassification Adjustment

 

2021

 

 

2020

 

 

Affected Line Item

in Statements of Income

 

 

(Dollars in thousands)

 

 

 

Gains on sale of securities

   available-for-sale

 

$

(535

)

 

$

(410

)

 

Securities gains, net

Tax effect

 

 

145

 

 

 

111

 

 

Income tax expense (benefit)

 

 

 

(390

)

 

 

(299

)

 

Net income

Net amortization of bond premiums

 

 

699

 

 

 

400

 

 

Interest on debt securities

Tax effect

 

 

(189

)

 

 

(108

)

 

Income tax expense (benefit)

 

 

 

510

 

 

 

292

 

 

Net income

Net interest expense on swaps

 

 

48

 

 

 

3

 

 

Interest expense on borrowings

Tax effect

 

 

(13

)

 

 

(1

)

 

Income tax expense (benefit)

 

 

 

35

 

 

 

2

 

 

Net income

Total reclassification adjustments

 

$

155

 

 

$

(5

)

 

 

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) Gains on Cash Flow

Hedges(1)

 

 

AOCI(1)

 

Balance at December 31, 2019

 

$

521

 

 

$

 

 

$

521

 

Other comprehensive income (loss) before

     reclassification

 

 

967

 

 

 

(102

)

 

 

865

 

      Amounts reclassified from AOCI

 

 

(7

)

 

 

2

 

 

 

(5

)

Other comprehensive income (loss)

 

 

960

 

 

 

(100

)

 

 

860

 

Balance at December 31, 2020

 

$

1,481

 

 

$

(100

)

 

$

1,381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

$

1,481

 

 

$

(100

)

 

$

1,381

 

Other comprehensive (loss) income before

     reclassification

 

 

(1,026

)

 

 

211

 

 

 

(815

)

      Amounts reclassified from AOCI

 

 

120

 

 

 

35

 

 

 

155

 

Other comprehensive (loss) income

 

 

(906

)

 

 

246

 

 

 

(660

)

Balance at December 31, 2021

 

$

575

 

 

$

146

 

 

$

721

 

 

(1) All amounts are net of tax