| Change in Accumulated Other Comprehensive Income |
The change in AOCI for the three and six months ended June 30, 2018 is summarized as follows, net of tax (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized
Gains (Losses)
on AFS
Securities |
|
Unrealized Gain
for AFS
Securities
Transferred to
HTM |
|
Change in Fair
Value of Cash
Flow Hedge |
|
Unrealized Gains (Losses) on BOLI |
|
Total |
Balance - March 31, 2018 |
$ |
(11,485 |
) |
|
$ |
2,406 |
|
|
$ |
(2,148 |
) |
|
$ |
(1,083 |
) |
|
$ |
(12,310 |
) |
Transfer of HTM securities to AFS securities (1)
|
2,785 |
|
|
(2,785 |
) |
|
— |
|
|
— |
|
|
— |
|
Cumulative effects from adoption of new accounting standard (2)
|
404 |
|
|
583 |
|
|
(1,094 |
) |
|
— |
|
|
(107 |
) |
Other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassification (1)
|
(2,586 |
) |
|
— |
|
|
675 |
|
|
— |
|
|
(1,911 |
) |
Amounts reclassified from AOCI into earnings |
69 |
|
|
(99 |
) |
|
294 |
|
|
19 |
|
|
283 |
|
Net current period other comprehensive income (loss) |
(2,517 |
) |
|
(99 |
) |
|
969 |
|
|
19 |
|
|
(1,628 |
) |
Balance - June 30, 2018 |
$ |
(10,813 |
) |
|
$ |
105 |
|
|
$ |
(2,273 |
) |
|
$ |
(1,064 |
) |
|
$ |
(14,045 |
) |
(1) During the second quarter of 2018, the Company adopted ASU No. 2017-12. As part of this adoption, the Company made a one-time election to transfer eligible HTM securities to the AFS category. The transfer of these securities resulted in an increase of approximately $400,000 to AOCI and is included as unrealized gains (losses) on AFS securities above.
(2) During the second quarter of 2018, the Company adopted ASU No. 2018-02, which resulted in a reclassification of these amounts from AOCI to retained earnings.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized
Gains (Losses)
on AFS
Securities
|
|
Unrealized Gain
for AFS
Securities
Transferred to
HTM
|
|
Change in Fair
Value of Cash
Flow Hedge
|
|
Unrealized Gains (Losses) on BOLI |
|
Total |
Balance - December 31, 2017 |
$ |
1,874 |
|
|
$ |
2,705 |
|
|
$ |
(4,361 |
) |
|
$ |
(1,102 |
) |
|
$ |
(884 |
) |
Transfer of HTM securities to AFS securities (1)
|
2,785 |
|
|
(2,785 |
) |
|
— |
|
|
— |
|
|
— |
|
Cumulative effects from adoption of new accounting standard (2)
|
404 |
|
|
583 |
|
|
(1,094 |
) |
|
— |
|
|
(107 |
) |
Other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassification (1)
|
(15,777 |
) |
|
— |
|
|
2,639 |
|
|
— |
|
|
(13,138 |
) |
Amounts reclassified from AOCI into earnings |
(99 |
) |
|
(398 |
) |
|
543 |
|
|
38 |
|
|
84 |
|
Net current period other comprehensive income (loss) |
(15,876 |
) |
|
(398 |
) |
|
3,182 |
|
|
38 |
|
|
(13,054 |
) |
Balance - June 30, 2018 |
$ |
(10,813 |
) |
|
$ |
105 |
|
|
$ |
(2,273 |
) |
|
$ |
(1,064 |
) |
|
$ |
(14,045 |
) |
(1) During the second quarter of 2018, the Company adopted No. ASU 2017-12. As part of this adoption, the Company made a one-time election to transfer eligible HTM securities to the AFS category. The transfer of these securities resulted in an increase of approximately $400,000 to AOCI and is included as unrealized gains (losses) on AFS securities above.
(2) During the second quarter of 2018, the Company adopted No. ASU 2018-02, which resulted in a reclassification of these amounts from AOCI to retained earnings.
The change in AOCI for the three and six months ended June 30, 2017 is summarized as follows, net of tax (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized
Gains (Losses)
on AFS
Securities |
|
Unrealized Gain
for AFS
Securities
Transferred to
HTM |
|
Change in Fair
Value of Cash
Flow Hedge |
|
Unrealized Gains (Losses) on BOLI |
|
Total |
Balance - March 31, 2017 |
$ |
2,782 |
|
|
$ |
3,193 |
|
|
$ |
(5,030 |
) |
|
$ |
(1,356 |
) |
|
$ |
(411 |
) |
Other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassification |
5,027 |
|
|
— |
|
|
(775 |
) |
|
— |
|
|
4,252 |
|
Amounts reclassified from AOCI into earnings |
(76 |
) |
|
(160 |
) |
|
318 |
|
|
85 |
|
|
167 |
|
Net current period other comprehensive income (loss) |
4,951 |
|
|
(160 |
) |
|
(457 |
) |
|
85 |
|
|
4,419 |
|
Balance - June 30, 2017 |
$ |
7,733 |
|
|
$ |
3,033 |
|
|
$ |
(5,487 |
) |
|
$ |
(1,271 |
) |
|
$ |
4,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Gains
(Losses) on AFS
Securities
|
|
Unrealized Gain
for AFS
Securities
Transferred to
HTM
|
|
Change in Fair
Value of Cash
Flow Hedge
|
|
Unrealized Gains (Losses) on BOLI |
|
Total |
Balance - December 31, 2016 |
$ |
(542 |
) |
|
$ |
3,377 |
|
|
$ |
(5,179 |
) |
|
$ |
(1,465 |
) |
|
$ |
(3,809 |
) |
Other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassification |
8,664 |
|
|
— |
|
|
(807 |
) |
|
— |
|
|
7,857 |
|
Amounts reclassified from AOCI into earnings |
(389 |
) |
|
(344 |
) |
|
499 |
|
|
194 |
|
|
(40 |
) |
Net current period other comprehensive income (loss) |
8,275 |
|
|
(344 |
) |
|
(308 |
) |
|
194 |
|
|
7,817 |
|
Balance - June 30, 2017 |
$ |
7,733 |
|
|
$ |
3,033 |
|
|
$ |
(5,487 |
) |
|
$ |
(1,271 |
) |
|
$ |
4,008 |
|
|