Note 16 - Components of Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 16: Components of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the activity related to each component of accumulated other comprehensive loss for the years ended December 31, 2022 and 2021:

	Net Unrealized Gain (Loss) on Securities			Adjustments Related to Pension Benefits			Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2020	$	13,176		$	(10,147	)	$	3,020
Unrealized holding loss on available for sale securities net of tax of ($2,740)		(10,308	)		-			(10,308	)
Reclassification adjustment for gains included in net income, net of tax of ($1)		(5	)		-			(5	)
Net pension gain, net of tax of $862		-			3,244			3,244
Less amortization of prior service cost included in net periodic pension cost, net of tax of ($2)		-			(9	)		(9	)
Balance as of December 31, 2021	$	2,854		$	(6,912	)	$	(4,058	)
Unrealized holding loss on available for sale securities net of tax of ($22,403)		(84,275	)		-			(84,275	)
Net pension gain, net of tax of $1,214		-			4,567			4,567
Balance as of December 31, 2022	$	(81,421	)	$	(2,345	)	$	(83,766	)

The following table provides information regarding reclassifications out of accumulated other comprehensive loss for the years ended December 31, 2022 and 2021:

	December 31,
	2022		2021
Component of Accumulated Other Comprehensive Income (Loss)
Reclassification out of unrealized losses on available for sale securities:
Realized securities gain, net	$	-	$	(6	)
Income tax benefit		-		(1	)
Realized gain on available for sale securities, net of tax, reclassified out of accumulated other comprehensive loss	$	-	$	(5	)
Amortization of defined benefit pension items:
Prior service costs(1)	$	-	$	(11	)
Income tax benefit		-		(2	)
Amortization of defined benefit pension items, net of tax, reclassified out of accumulated other comprehensive loss	$	-	$	(9	)

(1) This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost. (For additional information, see Note 8, Employee Benefit Plans.)