Note 16 - Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 16: Other Comprehensive Income (loss)

The components of other comprehensive income (loss) and other related tax effects were:

	2020
	Before tax			Tax effect			Net of tax
	(In thousands)
Debt securities available for sale:
Net unrealized gains arising during the year	$	125,519		$	(37,108	)	$	88,411
Reclassification of gains included in net income		(71	)		21			(50	)
Other comprehensive income	$	125,448		$	(37,087	)	$	88,361

	2019
	Before tax			Tax effect			Net of tax
	(In thousands)
Debt securities available for sale:
Net unrealized gains arising during the year	$	93,936		$	(27,771	)	$	66,165
Reclassification of gains included in net income		(167	)		49			(118	)
Other comprehensive income	$	93,769		$	(27,722	)	$	66,047

	2018
	Before tax			Tax effect		Net of tax
	(In thousands)
Debt securities available for sale:
Net unrealized losses arising during the year	$	(27,939	)	$	8,258	$	(19,681	)
Reclassification of losses included in net income		-			-		-
Other comprehensive loss	$	(27,939	)	$	8,258	$	(19,681	)

Accumulated other comprehensive income (loss) balances were:

	Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2017	$	(16,832	)
Cumulative effect of equity securities losses reclassified		142
Adjusted Balance, January 1, 2018		(16,690	)
Reclass stranded tax effects resulting from the Tax Cuts and Jobs Act of2017		(3,625	)
Changes in unrealized gains (losses) on debt securities available for sale, net of tax		(19,681	)
Balance, December 31, 2018		(39,996	)
Changes in unrealized gains (losses) on debt securities available for sale, net of tax		66,047
Balance, December 31, 2019		26,051
Changes in unrealized gains (losses) on debt securities available for sale, net of tax		88,361
Balance, December 31, 2020		114,412