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Other Comprehensive Income
3 Months Ended
Mar. 31, 2022
Disclosure Of Other Comprehensive Income Loss [Abstract]  
Other Comprehensive Income

10.

Other Comprehensive Income

The Company reports certain items as “other comprehensive income” (“AOCI”) and reflects total accumulated other comprehensive income in the consolidated financial statements for all periods 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:

 

 

Three Months Ended March 31,

 

 

 

Reclassification Adjustments

 

2022

 

 

2021

 

 

Affected Line Item in

Consolidated Statements of Income

 

 

(Dollars in thousands)

 

 

 

Gains on sale of securities available-for-sale

 

$

(52

)

 

$

(203

)

 

Securities gains, net

Tax effect

 

 

14

 

 

 

55

 

 

Income tax expense

 

 

 

(38

)

 

 

(148

)

 

Net income

Net amortization of bond premiums

 

 

237

 

 

 

140

 

 

Interest on debt securities

Tax effect

 

 

(64

)

 

 

(38

)

 

Income tax expense

 

 

 

173

 

 

 

102

 

 

Net income

Net interest expense on swaps

 

 

12

 

 

 

5

 

 

Interest on borrowings

Tax effect

 

 

(3

)

 

 

(1

)

 

Income tax expense

 

 

 

9

 

 

 

4

 

 

Net income

Total reclassification adjustments

 

$

144

 

 

$

(42

)