Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income ("AOCI")

v3.20.4
Accumulated Other Comprehensive Income ("AOCI")
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income ("AOCI")

NOTE 14. ACCUMULATED OTHER COMPREHENSIVE INCOME (“AOCI”)

Changes in AOCI for the periods indicated are summarized as follows:

 

 

 

For the Year Ended December 31, 2020

 

 

 

Before

 

 

Tax

 

 

Net

 

 

 

Tax

 

 

Effect

 

 

of Tax

 

 

 

(Dollars in thousands)

 

Balance at beginning of period

 

$

839

 

 

$

(172

)

 

$

667

 

Unrealized gain (loss) on investment securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized holding gain (loss) arising during the period

 

 

1,456

 

 

 

(304

)

 

 

1,152

 

Amounts reclassified to (gain) loss on investment securities (1)

 

 

(1,031

)

 

 

217

 

 

 

(814

)

Balance at end of period

 

$

1,264

 

 

$

(259

)

 

$

1,005

 

 

 

 

For the Year Ended December 31, 2019

 

 

 

Before

 

 

Tax

 

 

Net

 

 

 

Tax

 

 

Effect

 

 

of Tax

 

 

 

(Dollars in thousands)

 

Balance at beginning of period

 

$

2,347

 

 

$

(493

)

 

$

1,854

 

Unrealized gain (loss) on investment securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized holding gain (loss) arising during the period

 

 

3,172

 

 

 

(662

)

 

 

2,510

 

Amounts reclassified to (gain) loss on investment securities (1)

 

 

(4,680

)

 

 

983

 

 

 

(3,697

)

Balance at end of period

 

$

839

 

 

$

(172

)

 

$

667

 

 

 

 

For the Year Ended December 31, 2018

 

 

 

Before

 

 

Tax

 

 

Net

 

 

 

Tax

 

 

Effect

 

 

of Tax

 

 

 

(Dollars in thousands)

 

Balance at beginning of period

 

$

(634

)

 

$

133

 

 

$

(501

)

Unrealized gain (loss) on investment securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized holding gain (loss) arising during the period

 

 

2,981

 

 

 

(626

)

 

 

2,355

 

Amounts reclassified to (gain) loss on investment securities (1)

 

 

 

 

 

 

 

 

 

Balance at end of period

 

$

2,347

 

 

$

(493

)

 

$

1,854

 

 

(1)

Gross amounts are included in gain on sales of investment securities and income tax amounts are included in income tax expense on the Consolidated Statements of Income.