Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2022

Accumulated Other Comprehensive Income [Abstract]

NOTE 17 – ACCUMULATED OTHER COMPREHENSIVE INCOME

The following tables present the changes in accumulated other comprehensive income (loss) (in thousands) by component, net of tax, for the years ended December 31, 2022 and 2021:



	Unrealized gains on available for sale securities (a)		Unrealized gain on pension liability (a)		Total (a)
Balance as of December 31, 2021	$	(1,453)	$	1,197	$	(256)
Other comprehensive income (loss) before reclassification		(56,476)		(619)		(57,095)
Amount reclassified from accumulated other comprehensive loss		(2)		—		(2)
Total other comprehensive income		(56,478)		(619)		(57,097)
Balance as of December 31, 2022	$	(57,931)	$	578	$	(57,353)


	Unrealized gains on available for sale securities (a)		Unrealized gain on pension liability (a)
Balance as of December 31, 2020	$	4,096	$	1,023	$	5,119
Other comprehensive income (loss) before reclassification		(5,476)		174		(5,302)
Amount reclassified from accumulated other comprehensive loss		(73)		—		(73)
Total other comprehensive		(5,549)		174		(5,375)
Balance as of December 31, 2021	$	(1,453)	$	1,197	$	(256)

(a) All amounts are net of tax. Amounts in parentheses indicate debits.

The following table presents significant amounts reclassified out of each component of accumulated other comprehensive income (loss) (in thousands) for the years ended December 31, 2022 and 2021:


	Amount Reclassified
	From Accumulated				Affected Line Item in
	Other				Consolidated
	Comprehensive				Statements of
Details about other comprehensive income	Income (a)				Income

	Twelve months		Twelve months
	ended		ended
	December 31,		December 31,
	2022		2021
Unrealized gains on available for sale securities	$	3	$	92	Net realized gains on sales of securities
		(1)		(19)	Income tax expense
	$	2	$	73

(a)Amounts in parentheses indicate debits to net income.