Other Comprehensive Income

9 Months Ended

Sep. 30, 2023

OTHER COMPREHENSIVE INCOME

The following table is a summary of other comprehensive income and discloses the tax impact of each component of other comprehensive income for the three and nine months ended September 30, 2023 and 2022 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net unrealized gain (loss) on available-for-sale securities, net of income taxes (1)	$	172	$	(457)	$	510	$	(1,614)
Net unrealized gain on interest rate swaps, net of income taxes(2)	321		2,647		316		6,218
Foreign currency translation	(6)		(11)		(15)		(20)
Total other comprehensive income	$	487	$	2,179	$	811	$	4,584

(1)Net of income tax expense of $68 and income tax benefit of $171 for the three months ended September 30, 2023 and 2022, respectively, and net of income tax expense of $203 and income tax benefit of $604 for the nine months ended September 30, 2023 and 2022, respectively.

(2)Net of income tax expense of $108 and income tax expense of $863 for the three months ended September 30, 2023 and 2022, respectively, and net of income tax expense of $94 and income tax expense of $2,041 for the nine months ended September 30, 2023 and 2022, respectively.