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Comprehensive Income and Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Schedule of Changes in Accumulated Other Comprehensive Income (AOCI) | The following table illustrates the changes in the balance of each component of accumulated other comprehensive income (loss) for each period presented in the financial statements.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Balance, beginning of period |  | $ | (7,194 | ) |  | $ | (13,828 | ) |  | $ | 13,537 |
Other comprehensive income (loss) before reclassification |  |  | (1,919 | ) |  |  | 6,202 |  |  |  | (24,966 | )
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | 238 |  |  |  | 432 |  |  |  | (2,399 | )
Net current period other comprehensive income (loss) |  |  | (1,681 | ) |  |  | 6,634 |  |  |  | (27,365 | )
Balance, end of period |  | $ | (8,875 | ) |  | $ | (7,194 | ) |  | $ | (13,828 | )
Reclassification Out of Accumulated Other Comprehensive Income | The effects of reclassifications out of accumulated other comprehensive income (loss) by the respective line items of net income are presen ted in the following table.
Component of Accumulated Other Comprehensive Income (Loss) |  | Year Ended December 31, |  |  | Affected line item in the statement of income
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  |
|  | (in thousands) |  |  |
Unrealized gains (losses) on available-for- sale securities |  | $ | (302 | ) |  | $ | (547 | ) |  | $ | 3,037 |  |  | Net realized gains (losses) on investments
|  |  | (302 | ) |  |  | (547 | ) |  |  | 3,037 |  |  | Income before income taxes
|  |  | 64 |  |  |  | 115 |  |  |  | (638 | ) |  | Income tax expense
|  | $ | (238 | ) |  | $ | (432 | ) |  | $ | 2,399 |  |  | Net income
Other Comprehensive Income |
|  | Pre-Tax Amount |  |  | Tax Expense (Benefit) |  |  | Net-of-Tax Amount |
|  | (in thousands) |
December 31, 2024 |  |  |  |  |  |  |  |  |
Unrealized loss on securities: |  |  |  |  |  |  |  |  |
Unrealized loss on available-for-sale securities |  | $ | (2,429 | ) |  | $ | (510 | ) |  | $ | (1,919 | )
Reclassification adjustment for gains realized in net income |  |  | 302 |  |  |  | 64 |  |  |  | 238 |
Net unrealized loss |  |  | (2,127 | ) |  |  | (446 | ) |  |  | (1,681 | )
Other comprehensive loss |  | $ | (2,127 | ) |  | $ | (446 | ) |  | $ | (1,681 | )
December 31, 2023 |  |  |  |  |  |  |  |  |
Unrealized gain on securities: |  |  |  |  |  |  |  |  |
Unrealized gain on available-for-sale securities |  | $ | 7,850 |  |  | $ | 1,648 |  |  | $ | 6,202 |
Reclassification adjustment for losses realized in net income |  |  | 547 |  |  |  | 115 |  |  |  | 432 |
Net unrealized gain |  |  | 8,397 |  |  |  | 1,763 |  |  |  | 6,634 |
Other comprehensive income |  | $ | 8,397 |  |  | $ | 1,763 |  |  | $ | 6,634 |
December 31, 2022 |  |  |  |  |  |  |  |  |
Unrealized loss on securities: |  |  |  |  |  |  |  |  |
Unrealized loss on available-for-sale securities |  | $ | (31,602 | ) |  | $ | (6,636 | ) |  | $ | (24,966 | )
Reclassification adjustment for losses realized in net income |  |  | (3,037 | ) |  |  | (638 | ) |  |  | (2,399 | )
Net unrealized loss |  |  | (34,639 | ) |  |  | (7,274 | ) |  |  | (27,365 | )
Other comprehensive loss |  | $ | (34,639 | ) |  | $ | (7,274 | ) |  | $ | (27,365 | )

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