Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.10.0.1
STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Change in Accumulated Other Comprehensive Income
The change in accumulated other comprehensive income (loss) for the year ended December 31, 2018 is summarized as follows, net of tax (dollars in thousands):
 
 
Unrealized
Gains (Losses)
on AFS
Securities
 
Unrealized
Gains (Losses) for AFS
Securities
Transferred
to HTM
 
Change in Fair
Value of Cash
Flow Hedges
 
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 standards (2) (3)
465

 
583

 
(1,094
)
 

 
(46
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassification
(10,711
)
 

 
1,087

 

 
(9,624
)
Amounts reclassified from AOCI into earnings
(362
)
 
(408
)
 
975

 
76

 
281

Net current period other comprehensive income (loss)
(11,073
)
 
(408
)
 
2,062

 
76

 
(9,343
)
Balance - December 31, 2018
$
(5,949
)
 
$
95

 
$
(3,393
)
 
$
(1,026
)
 
$
(10,273
)
 (1) During the second quarter of 2018, the Company adopted ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities". 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 "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income." As part of this adoption, the Company reclassified approximately $107,000 of these amounts from AOCI to retained earnings.
(3) During the first quarter of 2018, the Company adopted ASU No. 2016-01 "Financial Instruments - Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities." As part of this adoption, the Company reclassified approximately $61,000 of these amounts from AOCI to retained earnings.

The change in accumulated other comprehensive income (loss) for the year ended December 31, 2017 is summarized as follows, net of tax (dollars in thousands): 
 
Unrealized Gains (Losses) on AFS Securities
 
Unrealized
Gains (Losses) for AFS
Securities
Transferred
to HTM
 
Change in Fair Value of Cash Flow Hedges
 
Unrealized Gains (Losses) on BOLI
 
Total
Balance - December 31, 2016
$
(542
)
 
$
3,377

 
$
(5,179
)
 
$
(1,465
)
 
$
(3,809
)
Other comprehensive income (loss)
2,936

 

 
(44
)
 

 
2,892

Amounts reclassified from accumulated other comprehensive income
(520
)
 
(672
)
 
862

 
363

 
33

Net current period other comprehensive income (loss)
2,416

 
(672
)
 
818

 
363

 
2,925

Balance - December 31, 2017
$
1,874

 
$
2,705

 
$
(4,361
)
 
$
(1,102
)
 
$
(884
)
 
The change in accumulated other comprehensive income (loss) for the year ended December 31, 2016 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 Hedges
 
Unrealized Gains (Losses) on BOLI
 
Total
Balance - December 31, 2015
$
7,777

 
$
4,432

 
$
(5,957
)
 
$

 
$
6,252

Other comprehensive income (loss)
(8,186
)
 

 
270

 
(1,728
)
 
(9,644
)
Amounts reclassified from accumulated other comprehensive income
(133
)
 
(1,055
)
 
508

 
263

 
(417
)
Net current period other comprehensive income (loss)
$
(8,319
)
 
$
(1,055
)
 
$
778

 
$
(1,465
)
 
$
(10,061
)
Balance - December 31, 2016
$
(542
)
 
$
3,377

 
$
(5,179
)
 
$
(1,465
)
 
$
(3,809
)