Note 9 - Changes in Accumulated Other Comprehensive Income (Loss) by Component (1)

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 9: Changes in Accumulated Other Comprehensive Income (Loss) By Component (1)

The following table presents the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2021 and 2020, and the year ended December 31, 2020.

	Unrealized Gains (Losses) on Available- For-Sale Securities			Unrealized Holding Losses on Securities Transferred From Available-For-Sale To Held-To-Maturity			Total
(dollars in thousands)
Balance January 1, 2021	$	985		$	(3,814	)	$	(2,829	)
Unrealized gain on securities		(7,098	)		-			(7,098	)
Amounts reclassified from accumulated other comprehensive income to net income (2)		-			628			628
Net current-period other comprehensive income		(7,098	)		628			(6,470	)
Total change in accumulated other comprehensive income		(7,098	)		628			(6,470	)
Balance March 31, 2021	$	(6,113	)	$	(3,186	)	$	(9,299	)
Balance January 1, 2020	$	(1,275	)	$	(6,066	)	$	(7,341	)
Unrealized gain on securities		3,264			-			3,264
Amounts reclassified from accumulated other comprehensive income to net income (2)		(628	)		305			(323	)
Net current-period other comprehensive income		2,636			305			2,941
Total change in accumulated other comprehensive income		2,636			305			2,941
Balance March 31, 2020	$	1,361		$	(5,761	)	$	(4,400	)
Balance January 1, 2020	$	(1,275	)	$	(6,066	)	$	(7,341	)
Unrealized gain on securities		4,320			-			4,320
Amounts reclassified from accumulated other comprehensive income to net income (2)		(2,060	)		2,252			192
Net current-period other comprehensive income		2,260			2,252			4,512
Total change in accumulated other comprehensive income		2,260			2,252			4,512
Balance December 31, 2020	$	985		$	(3,814	)	$	(2,829	)

(1) All amounts are net of tax. Amounts in parentheses indicate reductions to other comprehensive income.

(2) Reclassification amounts are reported as gains on sales of investment securities, impairment losses, and amortization of net unrealized losses on the Consolidated Statement of Income.