Comprehensive Income and Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023			2022			2021
	(in thousands)
Balance, beginning of period	$	(13,828	)	$	13,537		$	21,019
Other comprehensive income (loss) before reclassification		6,202			(24,966	)		(5,289	)
Amounts reclassified from accumulated other    comprehensive income (loss)		432			(2,399	)		(2,193	)
Net current period other comprehensive income (loss)		6,634			(27,365	)		(7,482	)
Balance, end of period	$	(7,194	)	$	(13,828	)	$	13,537

Reclassification Out of Accumulated Other Comprehensive Income

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

Component of Accumulated Other    Comprehensive Income (Loss)	Year Ended December 31,									Affected line item in the statement  of income
	2023			2022			2021
	(in thousands)
Unrealized gains (losses) on available-for-    sale securities	$	(547	)	$	3,037		$	2,776		Net realized gains on    investments
		(547	)		3,037			2,776		Income before income taxes
		115			(638	)		(583	)	Income tax expense
	$	(432	)	$	2,399		$	2,193		Net income

Other Comprehensive Income

	Pre-Tax Amount			Tax Expense (Benefit)			Net-of-Tax Amount
	(in thousands)
December 31, 2023
Unrealized gain on securities:
Unrealized gain on available-for-sale securities	$	7,850		$	1,648		$	6,202
Reclassification adjustment for gains realized in net income		547			115			432
Net unrealized gain		8,397			1,763			6,634
Other comprehensive income	$	8,397		$	1,763		$	6,634
December 31, 2022
Unrealized loss on securities:
Unrealized loss on available-for-sale securities	$	(31,602	)	$	(6,636	)	$	(24,966	)
Reclassification adjustment for losses 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	)