Quarterly report pursuant to Section 13 or 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

v3.10.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
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