Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2026

Note 10 – Other Comprehensive Income (Loss)

The table below presents the components of other comprehensive income (loss).
















(dollars in thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended March 31, 2026
Unrealized gain (loss) on securities available-for-sale	$	(70)	$	(9)	$	(79)
Amortization adjustment for (gain) loss on fair value hedging relationships	7		—		7
Reclassification adjustment for net realized (gain) loss included in net income (loss)	(3)		—		(3)
Total unrealized gain (loss) on securities available-for-sale	(66)		(9)		(75)

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity	1,552		(357)		1,195
Total unrealized gain (loss) on securities held-to-maturity	1,552		(357)		1,195
Unrealized gain (loss) on derivatives	(3,042)		748		(2,294)
Reclassification adjustment for (gain) loss on cash flow hedging relationships	345		(85)		260
Total unrealized gain (loss) on derivatives	(2,697)		663		(2,034)
Other comprehensive income (loss)	$	(1,211)	$	297	$	(914)

Three Months Ended March 31, 2025
Unrealized gain (loss) on securities available-for-sale	$	25,673	$	(6,322)	$	19,351
Reclassification adjustment for net realized (gain) loss included in net income (loss)	(4)		1		(3)
Total unrealized gain (loss) on securities available-for-sale	25,669		(6,321)		19,348

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity	1,565		(361)		1,204

Unrealized gain (loss) on derivatives	(24)		6		(18)


Other comprehensive income (loss)	$	27,210	$	(6,676)	$	20,534

The table below presents the changes in each component of accumulated other comprehensive income (loss), net of tax.


(dollars in thousands)	Available-for-Sale Securities		Held-to-Maturity Securities		Derivatives		Accumulated Other Comprehensive Income (Loss)
















For the Three Months Ended March 31, 2026
Balance at beginning of period	$	(59,486)	$	(29,757)	$	84	$	(89,159)
Other comprehensive income (loss) before reclassifications	(79)		—		(2,294)		(2,373)
Amortization of unrealized loss on securities transferred to held-to-maturity	—		1,195		—		1,195
Amounts reclassified from accumulated other comprehensive income (loss)	4		—		260		264
Net other comprehensive income (loss) during period	(75)		1,195		(2,034)		(914)
Balance at end of period	$	(59,561)	$	(28,562)	$	(1,950)	$	(90,073)

For the Three Months Ended March 31, 2025
Balance at beginning of period	$	(106,852)	$	(34,639)	$	18	$	(141,473)
Other comprehensive income (loss) before reclassifications	19,351		—		(18)		19,333
Amortization of unrealized loss on securities transferred to held-to-maturity	—		1,204		—		1,204
Amounts reclassified from accumulated other comprehensive income (loss)	(3)		—		—		(3)
Net other comprehensive income (loss) during period	19,348		1,204		(18)		20,534
Balance at end of period	$	(87,504)	$	(33,435)	$	—	$	(120,939)

The table below presents the amounts reclassified out of each component of accumulated other comprehensive income (loss).


		Amount Reclassified from Accumulated Other Comprehensive Income (Loss)					Affected Line Item in the Statement Where Net Income (Loss) is Presented
	For the Three Months Ended March 31,
(dollars in thousands)			2026		2025
Realized gain (loss) on sale of investment securities			$	3	$	4		Net gain (loss) on sale of investment securities
Gain (loss) on fair value hedging relationships - AFS securities			(7)		—			Interest income
Gain (loss) on cash flow hedging relationships - Loans			(345)		—			Interest income
Income tax benefit (expense)			85		(1)			Income tax expense
Total			$	(264)	$	3		Net Income (Loss)