Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

5. Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in accumulated other comprehensive income (loss) (in thousands) by component net of tax for the three months ended March 31, 2023 and 2022:




	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of December 31, 2022	$	(57,353)
Other comprehensive loss before reclassification		7,392
Amount reclassified from accumulated other comprehensive loss		(2)
Total other comprehensive loss		7,390
Balance as of March 31, 2023	$	(49,963)


	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of December 31, 2021	$	(256)
Other comprehensive loss before reclassification		(23,469)
Amount reclassified from accumulated other comprehensive income		-
Total other comprehensive loss		(23,469)
Balance as of March 31, 2022	$	(23,725)

(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 three months ended March 31, 2023 and 2022:





	Amount Reclassified
	From Accumulated
	Other
	Comprehensive
	Income (Loss) (a)				Affected Line Item in
	Three months ended				Consolidated
	March 31,				Statements
Details about other comprehensive income	2023		2022		of Income
Unrealized gains on available for sale securities	$	2	$	—	Net realized gains on sales of securities
Tax effect		—		—	Income tax expense
	$	2	$	—

(a) Amounts in parentheses indicate debits to net income