ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) for the Company consists of changes in net unrealized gains and losses on investment securities available for sale and interest rate swap derivatives. The reclassification for gains included in net income is recorded in net gain (loss) on securities in the consolidated statements of income. The following tables present a summary of the accumulated other comprehensive income (loss) balances, net of tax, as of December 31, 2020, 2019 and 2018.

(dollars in thousands)	Unrealized Gain (Loss) on Derivatives		Unrealized Gain (Loss) on Securities		Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2019	$	(147)	$	18,142	$	17,995
Reclassification for gains included in net income, net of tax	—		—		—
Current year changes, net of tax	147		15,363		15,510
Balance, December 31, 2020	$	—	$	33,505	$	33,505

(dollars in thousands)	Unrealized Gain (Loss) on Derivatives		Unrealized Gain (Loss) on Securities		Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2018	$	351	$	(5,177)	$	(4,826)
Reclassification for gains included in net income, net of tax	—		(46)		(46)
Current year changes, net of tax	(498)		23,365		22,867
Balance, December 31, 2019	$	(147)	$	18,142	$	17,995

(dollars in thousands)	Unrealized Gain (Loss) on Derivatives		Unrealized Gain (Loss) on Securities		Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2017	$	292	$	(1,572)	$	(1,280)
Reclassification to retained earnings due to change in federal corporate tax rate	(53)		(339)		(392)
Adjusted balance, January 1, 2018	239		(1,911)		(1,672)
Reclassification for gains included in net income, net of tax	—		(70)		(70)
Current year changes, net of tax	112		(3,196)		(3,084)
Balance, December 31, 2018	$	351	$	(5,177)	$	(4,826)