ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2021

NOTE 6 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income 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 statement of income and comprehensive income.

The following table presents a summary of the accumulated other comprehensive income balances as well as changes in each of the respective components, net of tax, for the periods indicated:


(dollars in thousands)	Unrealized Gain (Loss) on Derivatives		Unrealized Gain (Loss) on Securities		Accumulated Other Comprehensive Income
Three Months Ended June 30, 2021
Balance, March 31, 2021	$	—	$	26,090	$	26,090
Reclassification for gains included in net income, net of tax	—		—		—
Current year changes, net of tax	—		(1,066)		(1,066)
Balance, June 30, 2021	$	—	$	25,024	$	25,024

Three Months Ended June 30, 2020
Balance, March 31, 2020	$	(244)	$	39,795	$	39,551
Reclassification for gains included in net income, net of tax	—		—		—
Current year changes, net of tax	111		(49)		62
Balance, June 30, 2020	$	(133)	$	39,746	$	39,613

Six Months Ended June 30, 2021
Balance, December 31, 2020	$	—	$	33,505	$	33,505
Reclassification for gains included in net income, net of tax	—		—		—
Current year changes, net of tax	—		(8,481)		(8,481)
Balance, June 30, 2021	$	—	$	25,024	$	25,024

Six Months Ended June 30, 2020
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	14		21,604		21,618
Balance, June 30, 2020	$	(133)	$	39,746	$	39,613