ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2021

ACCUMULATED OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 16 – ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the activity and accumulated balances for components of other comprehensive income (loss) for the years ended December 31:

	Unrealized Gains (Losses)
	on Debt Securities
	Available-for-Sale		Held-to-Maturity		Derivatives		Total
	(dollars in thousands)
Balance, December 31, 2018	$	(4,561)	$	122	$	151	$	(4,288)
Other comprehensive income (loss) before reclassifications		12,458		—		(698)		11,760
Reclassifications		—		(264)		(87)		(351)
Other comprehensive income (loss), before tax		12,458		(264)		(785)		11,409
Income tax (benefit) expense		(762)		(11)		62		(711)
Other comprehensive income (loss), after tax		13,220		(253)		(847)		12,120
Balance, December 31, 2019		8,659		(131)		(696)		7,832
Other comprehensive income (loss) before reclassifications		15,272		—		(1,084)		14,188
Reclassifications		—		18		238		256
Other comprehensive income (loss), before tax		15,272		18		(846)		14,444
Income tax expense (benefit)		4,353		5		(235)		4,123
Other comprehensive income (loss), after tax		10,919		13		(611)		10,321
Balance, December 31, 2020		19,578		(118)		(1,307)		18,153
Transfer from available-for-sale to held-to-maturity		3,887		(3,887)		—		—
Other comprehensive (loss) income before reclassifications		(24,798)		—		366		(24,432)
Reclassifications		—		687		412		1,099
Other comprehensive (loss) income, before tax		(24,798)		687		778		(23,333)
Income tax (benefit) expense		(7,069)		196		222		(6,651)
Other comprehensive (loss) income, after tax		(17,729)		491		556		(16,682)
Balance, December 31, 2021	$	5,736	$	(3,514)	$	(751)	$	1,471

The amounts reclassified from accumulated other comprehensive income (loss) for unrealized gains (losses) on debt securities available-for-sale are included in gains (losses) on securities in the accompanying consolidated statements of income.

The amounts reclassified from accumulated other comprehensive income (loss) for unrealized gains on debt securities held-to-maturity are included in securities interest income in the accompanying consolidated statements of income.

The amounts reclassified from accumulated other comprehensive income (loss) for the fair value of derivative instruments represent net interest payments received or made on derivatives designated as cash flow hedges. See Note 15 for additional information.