XML 28 R18.htm IDEA: XBRL DOCUMENT v3.23.2
Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2023
Other Comprehensive Income (Loss) [Abstract]  
Other Comprehensive Income (Loss)

Note 10 – Other Comprehensive Income (Loss)

In addition to presenting the consolidated statements of comprehensive income (loss) herein, the following table shows the tax effects allocated to the Company’s single component of other comprehensive income (loss) for the periods presented:

 

 

 

For the Three Months Ended June 30, 2023

 

 

For The Three Months Ended June 30, 2022

 

 

 

Pre-Tax Amount

 

 

Tax Benefit (Expense)

 

 

Net of Tax Amount

 

 

Pre-Tax Amount

 

 

Tax Benefit

 

 

 

Net of Tax Amount

 

 

 

(Unaudited)

 

 

 

(Dollars in thousands)

 

Net unrealized losses on securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Net unrealized losses arising during the period

 

$

(1,045

)

 

$

219

 

 

$

(826

)

 

$

(4,347

)

 

$

913

 

 

 

$

(3,434

)

Less: reclassification adjustment related to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss on sale of securities included in net income

 

 

49

 

 

 

(10

)

 

 

39

 

 

 

—

 

 

 

—

 

 

—

 

 

—

 

Recovery on previously impaired investment securities included in net income

 

 

(3

)

 

 

—

 

 

 

(3

)

 

 

(4

)

 

 

1

 

 

 

 

(3

)

Total Other Comprehensive Loss

 

$

(999

)

 

$

209

 

 

$

(790

)

 

$

(4,351

)

 

$

914

 

 

 

$

(3,437

)

 

 

 

For the Six Months Ended June 30, 2023

 

 

For The Six Months Ended June 30, 2022

 

 

 

Pre-Tax Amount

 

 

 

Tax Benefit (Expense)

 

 

Net of Tax Amount

 

 

Pre-Tax Amount

 

 

Tax Benefit

 

 

 

Net of Tax Amount

 

 

 

(Unaudited)

 

 

 

(Dollars in thousands)

 

Net unrealized gains (losses) on securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Net unrealized gains (losses) arising during the period

 

$

542

 

 

 

$

(114

)

 

$

428

 

 

$

(12,105

)

 

$

2,542

 

 

 

$

(9,563

)

Less: reclassification adjustment related to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss on sale of securities included in net income

 

 

49

 

 

 

 

(10

)

 

 

39

 

 

 

—

 

 

 

—

 

 

—

 

 

—

 

Recovery on previously impaired investment securities included in net income

 

 

(5

)

 

 

 

1

 

 

 

(4

)

 

 

(10

)

 

 

2

 

 

 

 

(8

)

Total Other Comprehensive Income

 

$

586

 

$

 

 

$

(123

)

 

$

463

 

 

$

(12,115

)

 

$

2,544

 

 

 

$

(9,571

)

The following table presents the amounts reclassified out of the single component of the Company’s accumulated other comprehensive loss for the indicated periods:

 

 

Amounts Reclassified from Accumulated

 

 

 

Details about Accumulated Other

Other Comprehensive Loss

 

 

Affected Line Item

Comprehensive Loss

for the three months ended June 30,

 

 

on the Consolidated

Components

2023

 

 

2022

 

 

Statements of Income

 

(Dollars in thousands)

 

 

 

Net unrealized losses on securities available for sale:

 

 

 

 

 

 

 

 

Loss on sale of securities included in net income

 

$

49

 

 

$

—

 

 

Loss on sale of securities available for sale

Recovery on previously impaired investment securities

 

 

(3

)

 

 

(4

)

 

Recovery on previously impaired investment securities

Provision for income tax expense

 

 

(10

)

 

 

1

 

 

Income Tax Expense

Total reclassification for the period

 

$

36

 

 

$

(3

)

 

Net Income

 

 

 

Amounts Reclassified from Accumulated

 

 

 

Details about Accumulated Other

Other Comprehensive Loss

 

 

Affected Line Item

Comprehensive Loss

for the six months ended June 30,

 

 

on the Consolidated

Components

2023

 

 

2022

 

 

Statements of Income

 

(Dollars in thousands)

 

 

 

Net unrealized gains (losses) on securities available for sale:

 

 

 

 

 

 

 

 

Loss on sale of securities included in net income

 

$

49

 

 

$

—

 

 

Loss on sale of securities available for sale

Recovery on previously impaired investment securities

 

 

(5

)

 

 

(10

)

 

Recovery on previously impaired investment securities

Provision for income tax expense

 

 

(9

)

 

 

2

 

 

Provision for income tax expense

Total reclassification for the period

 

$

35

 

 

$

(8

)

 

Net Income