Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

5.           Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in accumulated other comprehensive income (loss) (in thousands) by component net of tax for the three and six months ended June 30, 2024 and 2023:

	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of December 31, 2023	$	(47,348)
Other comprehensive loss before reclassification		(2,471)
Amount reclassified from accumulated other comprehensive loss		-
Total other comprehensive loss		(2,471)
Balance as of June 30, 2024	$	(49,819)
	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of December 31, 2022	$	(57,353)
Other comprehensive income before reclassification		2,939
Amount reclassified from accumulated other comprehensive income		165
Total other comprehensive income		3,104
Balance as of June 30, 2023	$	(54,249)

	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of March 31, 2024	$	(49,399)
Other comprehensive loss before reclassification		(420)
Amount reclassified from accumulated other comprehensive loss		-
Total other comprehensive loss		(420)
Balance as of June 30, 2024	$	(49,819)
	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of March 31, 2023	$	(49,963)
Other comprehensive loss before reclassification		(4,453)
Amount reclassified from accumulated other comprehensive loss		167
Total other comprehensive loss		(4,286)
Balance as of June 30, 2023	$	(54,249)

(a)All amounts are net of tax. Amounts in parentheses indicate debits.

The following table presents significant amounts reclassified out of each component of accumulated other comprehensive income (loss) (in thousands) for the three and six months ended June 30, 2024 and 2023:

	Amount Reclassified
	From Accumulated
	Other
	Comprehensive
	Income (Loss) (a)				Affected Line Item in
	Three months ended				Consolidated
	June 30,				Statements
Details about other comprehensive income	2024		2023		of Income
Unrealized losses on available for sale securities	$	—	$	(212)	Net realized (losses) gains on sales of securities
Tax effect		—		45	Income tax expense
	$	—	$	(167)
	Six months ended
	June 30,
	2024		2023
Unrealized losses on available for sale securities	$	—	$	(209)	Net realized (losses) gains on sales of securities
Tax effect		—		44	Income tax expense
	$	—	$	(165)

(a) Amounts in parentheses indicate debits to net income