Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Components of Other Comprehensive Income and Related Tax Effects

Other comprehensive income components and related tax effects were as follows for the years ended December 31, 2022, 2021, and 2020:


	December 31, 2022		December 31, 2021		December 31, 2020
Unrealized holding gains (losses) on available-for-sale securities	$	(67,167)	$	(19,526)	$	12,494
Less reclassification adjustment for gains recognized in earnings	(651)		(783)		(2,190)
Net unrealized gains (losses)	(67,818)		(20,309)		10,304
Tax effect	14,242		4,265		(2,164)
Net-of-tax amount	(53,576)		(16,044)		8,140


Amortization of unrealized gains from held-to-maturity securities	1,107		—		—
Tax effect	(232)		—		—
Net-of-tax amount	875		—		—
Actuarial gain (loss) on postemployment health care plan	303		391		277
Net amortization of transition obligation and actuarial gain	(113)		(43)		—
Net unrealized gain (loss) on postemployment health care plan	190		348		277
Tax effect	(40)		(73)		(58)
Net-of-tax amount	150		275		219
Unrealized gain (loss) on interest rate swap	411		105		(508)
Less reclassification adjustment for losses recognized in earnings	127		276		224
Net unrealized gain (loss)	538		381		(284)
Tax effect	(113)		(80)		60
Net-of-tax amount	425		301		(224)
Other comprehensive income (loss)	$	(52,126)	$	(15,468)	$	8,135

Schedule of Change in Accumulated Other Comprehensive Income (Loss)

The following is a summary of the change in the accumulated other comprehensive income (loss) balance, net of tax, for the years ended December 31, 2022, 2021, and 2020.


	Balance 12/31/21		Comprehensive Income (Loss)		Balance 12/31/22
Unrealized gains (losses) on securities available-for-sale	$	(706)	$	(53,576)	$	(54,282)
Amortization of unrealized gains from held-to-maturity securities	—		875		875
Unrealized gain on postretirement benefits plan	618		150		768
Unrealized loss on interest rate swap	(306)		425		119
Total	$	(394)	$	(52,126)	$	(52,520)


	Balance 12/31/20		Comprehensive Income (Loss)		Balance 12/31/21
Unrealized gains on securities available-for-sale	$	15,338	$	(16,044)	$	(706)
Unrealized gain on postretirement benefits plan	343		275		618
Unrealized loss on interest rate swap	(607)		301		(306)
Total	$	15,074	$	(15,468)	$	(394)


	Balance 1/1/20		Comprehensive Income (Loss)		Balance 12/31/20
Unrealized gains (losses) on securities available-for-sale	$	7,198	$	8,140	$	15,338
Unrealized gain (loss) on postretirement benefits plan	124		219		343
Unrealized loss on interest rate swap	(383)		(224)		(607)
Total	$	6,939	$	8,135	$	15,074