ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) for the Company consists of changes in net unrealized gains and losses on debt securities available-for-sale. The following tables present a summary of the accumulated other comprehensive income (loss) balances, net of tax, as of December 31, 2023, 2022 and 2021.
| | | | | | | | | | | | | | (dollars in thousands) | | | Unrealized Gain (Loss) on Securities | | Accumulated Other Comprehensive Income (Loss) | Balance, December 31, 2022 | | | $ | (46,507) | | | $ | (46,507) | | Reclassification for losses included in net income, net of tax | | | 229 | | | 229 | | Current year changes, net of tax | | | 10,339 | | | 10,339 | | Balance, December 31, 2023 | | | $ | (35,939) | | | $ | (35,939) | |
| | | | | | | | | | | | | | (dollars in thousands) | | | Unrealized Gain (Loss) on Securities | | Accumulated Other Comprehensive Income (Loss) | Balance, December 31, 2021 | | | $ | 15,590 | | | $ | 15,590 | | | | | | | | Current year changes, net of tax | | | (62,097) | | | (62,097) | | Balance, December 31, 2022 | | | $ | (46,507) | | | $ | (46,507) | |
| | | | | | | | | | | | | | (dollars in thousands) | | | Unrealized Gain (Loss) on Securities | | Accumulated Other Comprehensive Income (Loss) | Balance, December 31, 2020 | | | $ | 33,505 | | | $ | 33,505 | | | | | | | | Current year changes, net of tax | | | (17,915) | | | (17,915) | | Balance, December 31, 2021 | | | $ | 15,590 | | | $ | 15,590 | |
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