Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive income (loss) for each period presented in the financial statements.

	Year Ended December 31,
	2022			2021			2020
	(in thousands)
Balance, beginning of period	$	13,537		$	21,019		$	12,211
Other comprehensive income (loss) before reclassification		(24,966	)		(5,289	)		9,538
Amounts reclassified from accumulated other    comprehensive income (loss)		(2,399	)		(2,193	)		(730	)
Net current period other comprehensive income (loss)		(27,365	)		(7,482	)		8,808
Balance, end of period	$	(13,828	)	$	13,537		$	21,019

Reclassification Out of Accumulated Other Comprehensive Income

The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.

Component of Accumulated Other    Comprehensive Income	Year Ended December 31,									Affected line item in the statement  of income
	2022			2021			2020
	(in thousands)
Unrealized gains on available-for-    sale securities	$	3,037		$	2,776		$	925		Net realized gains on    investments
		3,037			2,776			925		Income before income taxes
		(638	)		(583	)		(195	)	Income tax expense
	$	2,399		$	2,193		$	730		Net income

Other Comprehensive Income

	Pre-Tax Amount			Tax Expense (Benefit)			Net-of-Tax Amount
	(in thousands)
December 31, 2022
Unrealized loss on securities:
Unrealized loss on available-for-sale securities	$	(31,602	)	$	(6,636	)	$	(24,966	)
Reclassification adjustment for gains realized in net income		(3,037	)		(638	)		(2,399	)
Net unrealized loss		(34,639	)		(7,274	)		(27,365	)
Other comprehensive loss	$	(34,639	)	$	(7,274	)	$	(27,365	)
December 31, 2021
Unrealized loss on securities:
Unrealized loss on available-for-sale securities	$	(6,695	)	$	(1,406	)	$	(5,289	)
Reclassification adjustment for losses realized in net income		(2,776	)		(583	)		(2,193	)
Net unrealized loss		(9,471	)		(1,989	)		(7,482	)
Other comprehensive loss	$	(9,471	)	$	(1,989	)	$	(7,482	)
December 31, 2020
Unrealized gain on securities:
Unrealized gain on available-for-sale securities	$	12,074		$	2,536		$	9,538
Reclassification adjustment for gains realized in net income		(925	)		(195	)		(730	)
Net unrealized gain		11,149			2,341			8,808
Other comprehensive income	$	11,149		$	2,341		$	8,808