Note 24 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 24 – Accumulated Other Comprehensive Loss

Changes in each component of accumulated other comprehensive loss were as follows (dollars in thousands):

				Unrealized			Adjustments			Accumulated
	Net Unrealized			Gains (Losses)			Related to			Other
	Gains/Losses			on Cash Flow			Pension			Comprehensive
	on Securities			Hedges			Benefits			Loss
Balance at Balance at December 31, 2020	$	7,920		$	(3,846	)	$	(1,637	)	$	2,437
Net unrealized losses on securities available for sale, net of tax, $(2,643)		(9,593	)		—			—			(9,593	)
Reclassification adjustment for realized losses on securities, net of tax, $(7)		(28	)		—			—			(28	)
Net unrealized gains on cash flow hedges, net of tax, $434		—			1,634			—			1,634
Change in unfunded pension liability, net of tax, $115		—			—			475			475
Balance at December 31, 2021		(1,701	)		(2,212	)		(1,162	)		(5,075	)
Net unrealized losses on securities available for sale, net of tax, $(14,868)		(54,009	)		—			—			(54,009	)
Net unrealized gains on cash flow hedges, net of tax, $866		—			3,259			—			3,259
Change in unfunded pension liability, net of tax, $233		—			—			849			849
Balance at December 31, 2022		(55,710	)		1,047			(313	)		(54,976	)
Net unrealized gains on securities available for sale, net of tax, $3,168		11,541			—			—			11,541
Reclassification adjustment for realized losses on securities, net of tax, $14		54			—			—			54
Net unrealized losses on cash flow hedges, net of tax, $387		—			408			—			408
Change in unfunded pension liability, net of tax, $(21)		—			—			(91	)		(91	)
Balance at December 31, 2023	$	(44,115	)	$	1,455		$	(404	)	$	(43,064	)

The following table provides information regarding reclassifications out of accumulated other comprehensive loss (dollars in thousands):

Reclassifications Out of Accumulated Other Comprehensive Loss

For the Three Years Ended  December 31, 2023

Details about AOCI Components	Amount Reclassified from AOCI								Affected Line Item in the Statement of Where Net Income is Presented
	Year Ended December 31,
	2023			2022		2021
Available for sale securities:
Realized (losses) gains on sale of securities	$	(68	)	$	—	$	35		Securities (losses)gains, net
Tax effect		14			—		(7	)	Income taxes
	$	(54	)	$	—	$	28		Net of tax