XML 30 R19.htm IDEA: XBRL DOCUMENT v3.20.2
Other Comprehensive Income
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Other Comprehensive Income Other Comprehensive Income
Accounting principles generally require recognized revenue, expenses, gains and losses be included in net income or loss. Certain changes in assets and liabilities, such as the after tax effect of unrealized gains and losses on investment securities AFS that are not OTTI, are not reflected in the consolidated statements of income. The cumulative effect of such items, net of tax effect, is reported as a separate component of the equity section of the consolidated balance sheets (Accumulated OCI). OCI, along with net income, comprises the Company's total comprehensive income or loss.
As of the balance sheet dates, the components of Accumulated OCI, net of tax, were:
September 30, 2020December 31, 2019
 (Dollars in thousands)
Net unrealized gain on investment securities available-for-sale$2,593 $986 
The following tables disclose the tax effects allocated to each component of OCI for the three and nine months ended September 30:
 Three Months Ended
September 30, 2020September 30, 2019
Before-Tax AmountTax (Expense) BenefitNet-of-Tax AmountBefore-Tax AmountTax (Expense) BenefitNet-of-Tax Amount
Investment securities available-for-sale:(Dollars in thousands)
Net unrealized holding (losses) gains arising during the period on investment securities available-for-sale$(157)$33 $(124)$558 $(117)$441 
Total other comprehensive (loss) income$(157)$33 $(124)$558 $(117)$441 
 Nine Months Ended
September 30, 2020September 30, 2019
Before-Tax AmountTax (Expense) BenefitNet-of-Tax AmountBefore-Tax AmountTax (Expense) BenefitNet-of-Tax Amount
Investment securities available-for-sale:(Dollars in thousands)
Net unrealized holding gains arising during the period on investment securities available-for-sale$2,045 $(429)$1,616 $2,775 $(583)$2,192 
Reclassification adjustment for net gains on investment securities available-for-sale realized in net income(11)2 (9)(8)2 (6)
Total other comprehensive income$2,034 $(427)$1,607 $2,767 $(581)$2,186 
There were no reclassification adjustments for the three months ended September 30, 2020 and 2019. The following table discloses information concerning reclassification adjustments from OCI for the nine months ended September 30, 2020 and 2019:
Nine Months Ended
Reclassification Adjustment DescriptionSeptember 30, 2020September 30, 2019Affected Line Item in
Consolidated Statement of Income
(Dollars in thousands)
Investment securities available-for-sale:
Net gains on investment securities available-for-sale$(11)$(8)Net gains on sales of investment securities available-for-sale
Tax expense2 2 Provision for income taxes
Total reclassifications$(9)$(6)Net income