Note 10—Accumulated Other
Comprehensive Income (Loss)
The following table presents the
changes in each component or accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September
30, 2022. There was no held-to-maturity activity in 2021 since the transfer from securities available for sale to held-to-maturity
was made in 2022.
Schedule of Accumulated
Other Comprehensive Income (Loss)
(dollars in thousands) | |
Securities
Available for Sale | | |
Securities Held
to Maturity | | |
Accumulated
Other
Comprehensive
Income (Loss) | |
Three Months Ending September 30, 2022 | |
| | | |
| | | |
| | |
Balance at beginning of period | |
| (13,451 | ) | |
| (13,092 | ) | |
| (26,543 | ) |
Other comprehensive (loss) income before reclassifications | |
| (7,078 | ) | |
| — | | |
| (7,078 | ) |
Amortization of unrealized loss on securities transferred to held-to-maturity | |
| — | | |
| 370 | | |
| 370 | |
Net other comprehensive loss during period | |
| (7,078 | ) | |
| 370 | | |
| (6,708 | ) |
Balance at end of Period | |
| (20,529 | ) | |
| (12,722 | ) | |
| (33,251 | ) |
| |
| | | |
| | | |
| | |
Nine Months Ending September 30, 2022 | |
| | | |
| | | |
| | |
Balance at beginning of period | |
| 3,279 | | |
| — | | |
| 3,279 | |
Other comprehensive (loss) income before reclassifications | |
| (23,808 | ) | |
| — | | |
| (23,808 | ) |
Amortization of unrealized loss on securities transferred to held-to-maturity | |
| — | | |
| (13,198 | ) | |
| (13,198 | ) |
Amortization on unrealized loss on held-to-maturity | |
| — | | |
| 476 | | |
| 476 | |
Net other comprehensive loss during period | |
| (23,808 | ) | |
| (12,722 | ) | |
| (36,530 | ) |
Balance at end of Period | |
| (20,529 | ) | |
| (12,722 | ) | |
| (33,251 | ) |
|