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ACCUMULATED OTHER COMPREHENSIVE INCOME
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME
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 September 30, 2021
Balance, June 30, 2021$— $25,024 $25,024 
Reclassification for gains included in net income, net of tax— — — 
Current year changes, net of tax— (3,139)(3,139)
Balance, September 30, 2021$— $21,885 $21,885 
Three Months Ended September 30, 2020
Balance, June 30, 2020$(133)$39,746 $39,613 
Reclassification for gains included in net income, net of tax— — — 
Current year changes, net of tax133 (2,494)(2,361)
Balance, September 30, 2020$— $37,252 $37,252 
Nine Months Ended September 30, 2021
Balance, December 31, 2020$— $33,505 $33,505 
Reclassification for gains included in net income, net of tax— — — 
Current year changes, net of tax— (11,620)(11,620)
Balance, September 30, 2021$— $21,885 $21,885 
Nine Months Ended September 30, 2020
Balance, December 31, 2019$(147)$18,142 $17,995 
Reclassification for gains included in net income, net of tax— — — 
Current year changes, net of tax147 19,110 19,257 
Balance, September 30, 2020$— $37,252 $37,252