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Note 3 - Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2024

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 three months ended March 31, 2024
		Unrealized gains
		(losses) on				Securities
		available-for-sale				transferred to
(dollars in thousands)		debt securities				held-to-maturity				Total
Beginning balance		$	(40,760	)		$	(15,707	)		$	(56,467	)
Other comprehensive loss before reclassifications, net of tax			(1,908	)			-				(1,908	)
Amounts reclassified from accumulated other comprehensive income, net of tax			-				461				461
Net current-period other comprehensive loss			(1,908	)			461				(1,447	)
Ending balance		$	(42,668	)		$	(15,246	)		$	(57,914	)

As of and for the three months ended March 31, 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			7,761				-				7,761
Amounts reclassified from accumulated other comprehensive income, net of tax			1				452				453
Net current-period other comprehensive income			7,762				452				8,214
Ending balance		$	(45,862	)		$	(17,076	)		$	(62,938	)

Details about accumulated other		Amount reclassified from accumulated							Affected line item in the statement
comprehensive income components		other comprehensive income							where net income is presented
		For the three months ended March 31,
(dollars in thousands)		2024				2023
Unrealized (losses) gains on AFS debt securities		$	-			$	(1	)	Gain (loss) on sale of investment securities
Amortization of unrealized loss on held-to-maturity securities			(584	)			(572	)	Interest income on investment securities
Total reclassifications for the period			(584	)			(573	)	Income before income taxes
Income tax effect			123				120		Provision for income taxes
Total reclassifications for the period		$	(461	)		$	(453	)	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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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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