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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net income $ 21,261 $ 23,640 $ 22,042
Other comprehensive income:      
Change in net unrealized gain (loss) on AFS securities 20,934 (91,923) (17,261)
Change in net unrealized gain (loss) on AFS securities, Income tax benefit (expense) (4,396) 19,304 3,625
Less: reclassification adjustment for net (gain) loss included in net income 0 809 39
Less: reclassification adjustment for net (gain) loss included in net income, Income tax benefit (expense) 0 (170) (7)
Less: reclassification adjustment for net (gain) loss for fair value hedge (1,534) 1,930 0
Less: reclassification adjustment for net (gain) loss for fair value hedge, Income tax benefit (expense) 322 (405) 0
Less: net unrealized (gains) losses on securities transferred from AFS to HTM 0 3,404 0
Net unrealized (gains) losses on securities transferred from AFS to HTM, Income tax benefit (expense) 0 (715) 0
Unrealized gain (loss) on AFS securities, net of tax 15,326 (67,766) (13,604)
Reclassification of unrealized gain (loss) upon transfer of securities from AFS to HTM 0 (3,404) 0
Reclassification of unrealized gain (loss) upon transfer of securities from AFS to HTM, Income tax benefit (expense) 0 715 0
Amortization of net unrealized (gains) losses on securities transferred from AFS to HTM 333 351 0
Amortization of net unrealized (gains) losses on securities transferred from AFS to HTM, Income tax benefit (expense) (70) (74) 0
Unrealized loss on held to maturity securities, net of tax 263 (2,412) 0
Change in net unrealized gain (loss) on cash flow hedge 3,024 (558) 0
Change in net unrealized gain (loss) on derivatives, Income tax benefit (expense) (635) 117 0
Less: reclassification adjustment for net (gain) loss on cash flow hedge 0 771 0
Less: reclassification adjustment for net (gain) loss on cash flow hedge, Income tax benefit (expense) 0 (162) 0
Less: amortization of net unrealized (gains) losses included in net income 2,837 999 0
Less: amortization of net unrealized (gains) losses included in net income, Income tax benefit (expense) (596) (210) 0
Unrealized gain (loss) on cash flow hedge instruments, net of tax 4,630 957 0
Other comprehensive income (loss), net of tax 20,219 (69,221) (13,604)
Comprehensive income (loss) $ 41,480 $ (45,581) $ 8,438