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Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 7- ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents the changes in accumulated other comprehensive loss by component net of tax for the three and nine months ended September 30, 2023 and 2022:

(Dollars in thousands)

 

Pretax

 

 

Tax Effect

 

 

After-tax

 

Three Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(16,856

)

 

$

3,540

 

 

$

(13,316

)

Unrealized holding loss on available-for-sale securities arising during
   the period

 

 

(1,127

)

 

 

237

 

 

 

(890

)

Amortization of held-to-maturity discount resulting from transfer

 

 

50

 

 

 

(11

)

 

 

40

 

Total other comprehensive loss

 

 

(1,077

)

 

 

226

 

 

 

(851

)

Balance, end of period

 

$

(17,933

)

 

$

3,766

 

 

$

(14,167

)

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(16,354

)

 

$

3,435

 

 

$

(12,919

)

Unrealized holding loss on available-for-sale securities arising during
   the period

 

 

(1,722

)

 

 

361

 

 

 

(1,361

)

Amortization of held-to-maturity discount resulting from transfer

 

 

143

 

 

 

(30

)

 

 

113

 

Total other comprehensive loss

 

 

(1,579

)

 

 

331

 

 

 

(1,248

)

Balance, end of period

 

$

(17,933

)

 

$

3,766

 

 

$

(14,167

)

 

 

 

 

 

 

 

 

 

 

Three Months ended September 30, 2022

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(12,663

)

 

$

2,660

 

 

$

(10,003

)

Unrealized holding loss on available-for-sale securities arising during
   the period

 

 

(5,189

)

 

 

1,090

 

 

 

(4,099

)

Amortization of held-to-maturity discount resulting from transfer

 

 

64

 

 

 

(14

)

 

 

50

 

Total other comprehensive loss

 

 

(5,125

)

 

 

1,076

 

 

 

(4,049

)

Balance, end of period

 

$

(17,788

)

 

$

3,736

 

 

$

(14,052

)

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2022

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(2,691

)

 

$

566

 

 

$

(2,125

)

Unrealized holding loss on available-for-sale securities arising during
   the period

 

 

(15,334

)

 

 

3,220

 

 

 

(12,114

)

Amortization of held-to-maturity discount resulting from transfer

 

 

237

 

 

 

(50

)

 

 

187

 

Total other comprehensive loss

 

 

(15,097

)

 

 

3,170

 

 

 

(11,927

)

Balance, end of period

 

$

(17,788

)

 

$

3,736

 

 

$

(14,052

)