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Note 3 - Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

3. Accumulated other comprehensive income

The following tables illustrate the changes in accumulated other comprehensive income by component and the details about the components of accumulated other comprehensive income as of and for the periods indicated:

As of and for the six months ended June 30, 2023
		Unrealized gains
		(losses) on				Securities
		available-for-sale				transferred to
(dollars in thousands)		debt securities				held-to-maturity				Total
Beginning balance		$	(53,624	)		$	(17,528	)		$	(71,152	)
Other comprehensive income before reclassifications, net of tax			4,982				901				5,883
Amounts reclassified from accumulated other comprehensive income, net of tax			1				-				1
Net current-period other comprehensive loss			4,983				901				5,884
Ending balance		$	(48,641	)		$	(16,627	)		$	(65,268	)

As of and for the three months ended June 30, 2023
		Unrealized gains
		(losses) on				Securities
		available-for-sale				transferred to
(dollars in thousands)		debt securities				held-to-maturity				Total
Beginning balance		$	(45,862	)		$	(17,076	)		$	(62,938	)
Other comprehensive loss before reclassifications, net of tax			(2,779	)			449				(2,330	)
Amounts reclassified from accumulated other comprehensive income, net of tax			-				-				-
Net current-period other comprehensive loss			(2,779	)			449				(2,330	)
Ending balance		$	(48,641	)		$	(16,627	)		$	(65,268	)

As of and for the six months ended June 30, 2022
		Unrealized gains
		(losses) on				Securities
		available-for-sale				transferred to
(dollars in thousands)		securities				held-to-maturity				Total
Beginning balance		$	179			$	-			$	179
Other comprehensive loss before reclassifications, net of tax			(42,670	)			(18,429	)			(61,099	)
Amounts reclassified from accumulated other comprehensive income, net of tax			-				-				-
Net current-period other comprehensive loss			(42,670	)			(18,429	)			(61,099	)
Ending balance		$	(42,491	)		$	(18,429	)		$	(60,920	)

As of and for the three months ended June 30, 2022
		Unrealized gains
		(losses) on				Securities
		available-for-sale				transferred to
(dollars in thousands)		debt securities				held-to-maturity				Total
Beginning balance		$	(42,497	)		$	-			$	(42,497	)
Other comprehensive income (loss) before reclassifications, net of tax			6				(18,429	)			(18,423	)
Amounts reclassified from accumulated other comprehensive income, net of tax			-				-				-
Net current-period other comprehensive income (loss)			6				(18,429	)			(18,423	)
Ending balance		$	(42,491	)		$	(18,429	)		$	(60,920	)

Details about accumulated other
comprehensive income components		Amount reclassified from accumulated															Affected line item in the statement
(dollars in thousands)		other comprehensive income															where net income is presented
		For the three months ended June 30,								For the six months ended June 30,
		2023				2022				2023				2022
Unrealized gains (losses) on AFS debt securities		$	-			$	-			$	(1	)		$	-		Gain (loss) on sale of investment securities
Income tax effect			-				-				-				-		Provision for income taxes
Total reclassifications for the period		$	-			$	-			$	(1	)		$	-		Net income

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//220/tableOfContent

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X

- References

No definition available.

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