Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY

v3.19.1
STOCKHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY

Serial Preferred Stock
The Company has the authority to issue up to 500,000 shares of serial preferred stock with a par value of $10.00 per share. As of March 31, 2019 and December 31, 2018, the Company had no shares issued or outstanding.

Accumulated Other Comprehensive Income (Loss)
The change in accumulated other comprehensive income (loss) for the three months ended March 31, 2019 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 Hedge
 
Unrealized Gains (Losses) on BOLI
 
Total
Balance - December 31, 2018
$
(5,949
)
 
$
95

 
$
(3,393
)
 
$
(1,026
)
 
$
(10,273
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassification
20,081

 
—

 
(1,460
)
 
—

 
18,621

Amounts reclassified from AOCI into earnings
(85
)
 
(5
)
 
120

 
19

 
49

Net current period other comprehensive income (loss)
19,996

 
(5
)
 
(1,340
)
 
19

 
18,670

Balance - March 31, 2019
$
14,047

 
$
90

 
$
(4,733
)
 
$
(1,007
)
 
$
8,397


The change in accumulated other comprehensive income (loss) for the three months ended March 31, 2018 is summarized as follows, net of tax (dollars in thousands):

 
Unrealized
Gains (Losses)
on AFS
Securities
 
Unrealized Gain (Losses)
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
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassification
(13,191
)
 
—

 
1,964

 
—

 
(11,227
)
Amounts reclassified from AOCI into earnings
(168
)
 
(299
)
 
249

 
19

 
(199
)
Net current period other comprehensive income (loss)
(13,359
)
 
(299
)
 
2,213

 
19

 
(11,426
)
Balance - March 31, 2018
$
(11,485
)
 
$
2,406

 
$
(2,148
)
 
$
(1,083
)
 
$
(12,310
)