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

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 16: Components of Accumulated Other Comprehensive Loss

The following table summarizes the activity related to each component of accumulated other comprehensive loss for the years ended December 31, 2023 and 2022:

	Net Unrealized Gain (Loss) on Securities			Adjustments Related to Pension Benefits			Accumulated Other Comprehensive Loss
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	)
Unrealized holding gain on available for sale securities net of tax of $4,315		16,233			-			16,233
Reclassification adjustment, net of tax of $700		2,632			-			2,632
Net pension gain, net of tax of $9		-			35			35
Balance as of December 31, 2023	$	(62,556	)	$	(2,310	)	$	(64,866	)

The following table provides detail on reclassifications out of accumulated other comprehensive loss for the years indicated:

	December 31,
	2023			2022
Component of Accumulated Other Comprehensive Loss
Reclassification out of unrealized losses on available for sale securities:
Realized securities loss, net	$	(3,332	)	$	-
Income tax benefit		700			-
Realized loss on available for sale securities, net of tax, reclassified out of accumulated other comprehensive loss	$	(2,632	)	$	-