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Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Other Comprehensive Income (Loss)

10. OTHER COMPREHENSIVE INCOME (LOSS)

The tax effects allocated to each component of other comprehensive income (loss) were as follows:

 

 

 

Three Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

 

Before Tax Amount

 

 

Tax Effect

 

 

Net of Tax Amount

 

 

Before Tax Amount

 

 

Tax Effect

 

 

Net of Tax Amount

 

 

 

(Dollars in thousands)

 

Other comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized gain during period

 

$

946

 

 

$

(199

)

 

$

747

 

 

$

1,006

 

 

$

(211

)

 

$

795

 

Total securities available for sale

 

 

946

 

 

 

(199

)

 

 

747

 

 

 

1,006

 

 

 

(211

)

 

 

795

 

Total other comprehensive income

 

$

946

 

 

$

(199

)

 

$

747

 

 

$

1,006

 

 

$

(211

)

 

$

795

 

 

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

 

Before Tax Amount

 

 

Tax Effect

 

 

Net of Tax Amount

 

 

Before Tax Amount

 

 

Tax Effect

 

 

Net of Tax Amount

 

 

 

(Dollars in thousands)

 

Other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized (loss) gain during period

 

$

(238

)

 

$

50

 

 

$

(188

)

 

$

1,002

 

 

$

(210

)

 

$

792

 

Total securities available for sale

 

 

(238

)

 

 

50

 

 

 

(188

)

 

 

1,002

 

 

 

(210

)

 

 

792

 

Total other comprehensive (loss) income

 

$

(238

)

 

$

50

 

 

$

(188

)

 

$

1,002

 

 

$

(210

)

 

$

792

 

 

Activity in accumulated other comprehensive loss associated with securities available for sale, net of tax, was as follows:

 

 

 

Securities Available
for Sale

 

 

Accumulated Other Comprehensive Income (Loss)

 

 

 

(Dollars in thousands)

 

Balance at December 31, 2023

 

$

(1,398

)

 

$

(1,398

)

Other comprehensive loss

 

 

(188

)

 

 

(188

)

Balance at June 30, 2024

 

$

(1,586

)

 

$

(1,586

)

 

 

 

 

 

 

 

Balance at December 31, 2022

 

$

(3,473

)

 

$

(3,473

)

Other comprehensive income

 

 

792

 

 

 

792

 

Balance at June 30, 2023

 

$

(2,681

)

 

$

(2,681

)