ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2023

NOTE 5 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income (loss) for the Company consists of changes in net unrealized gains and losses on debt securities available-for-sale. The reclassification for gains included in net income is recorded in net gain (loss) on securities in the consolidated statement of income and comprehensive income.

The following table presents a summary of the accumulated other comprehensive income (loss) balances, net of tax, for the periods indicated:


(dollars in thousands)	Accumulated Other Comprehensive Income (Loss)
Three Months Ended June 30, 2023
Balance, March 31, 2023	$	(35,581)

Unrealized loss on debt securities available-for-sales, net of tax	(15,037)
Balance, June 30, 2023	$	(50,618)

Three Months Ended June 30, 2022
Balance, June 30, 2022	$	(1,841)

Unrealized loss on debt securities available-for-sales, net of tax	(10,794)
Balance, June 30, 2022	$	(12,635)

Six Months Ended June 30, 2023
Balance, December 31, 2022	$	(46,507)

Unrealized loss on debt securities available-for-sales, net of tax	(4,111)
Balance, June 30, 2023	$	(50,618)

Six Months Ended June 30, 2022
Balance, December 31, 2021	$	15,590

Unrealized loss on debt securities available-for-sales, net of tax	(28,225)
Balance, June 30, 2022	$	(12,635)