The following table presents
the changes in each component or accumulated other comprehensive loss net of tax, for the nine months ended September 30, 2023.
Schedule of Accumulated
Other Comprehensive Income (Loss)
(Dollars in thousands) | |
Securities Available for Sale | | |
Securities Held to Maturity | | |
Accumulated Other Comprehensive Loss | |
Balance at December 31, 2022 | |
| (20,006 | ) | |
| (12,380 | ) | |
| (32,386 | ) |
Other comprehensive loss before reclassifications | |
| (2,639 | ) | |
| — | | |
| (2,639 | ) |
Loss included in net income | |
| 987 | | |
| | | |
| 987 | |
Amortization of unrealized loss on securities transferred to held-to-maturity | |
| — | | |
| 981 | | |
| 981 | |
Net other comprehensive income (loss) during period | |
| (1,652 | ) | |
| 981 | | |
| (671 | ) |
Balance at September 30, 2023 | |
| (21,658 | ) | |
| (11,399 | ) | |
| (33,057 | ) |
|