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Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and 2022:

	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of December 31, 2022	$	(57,353)
Other comprehensive income before reclassification		2,939
Amount reclassified from accumulated other comprehensive loss		165
Total other comprehensive loss		3,104
Balance as of June 30, 2023	$	(54,249)
	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of December 31, 2021	$	(256)
Other comprehensive loss before reclassification		(39,974)
Amount reclassified from accumulated other comprehensive income		-
Total other comprehensive loss		(39,974)
Balance as of June 30, 2022	$	(40,230)

	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of March 31, 2023	$	(49,963)
Other comprehensive loss before reclassification		(4,453)
Amount reclassified from accumulated other comprehensive loss		167
Total other comprehensive loss		(4,286)
Balance as of June 30, 2023	$	(54,249)
	Unrealized gains (losses) on
	available for sale
	securities (a)
Balance as of March 31, 2022	$	(23,725)
Other comprehensive loss before reclassification		(16,505)
Amount reclassified from accumulated other comprehensive loss		-
Total other comprehensive loss		(16,505)
Balance as of June 30, 2022	$	(40,230)

(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 and six months ended June 30, 2023 and 2022:

		Amount Reclassified
		From Accumulated
		Other
		Comprehensive
		Income (Loss) (a)							Affected Line Item in
		Three months ended							Consolidated
		June 30,							Statements
Details about other comprehensive income		2023				2022			of Income
Unrealized losses on available for sale securities		$	(212)			$	—		Net realized (losses) gains on sales of securities
Tax effect			45				—		Income tax expense
		$	(167)			$	—
		Six months ended
		June 30,
		2023				2022
Unrealized losses on available for sale securities		$	(209)			$	—		Net realized (losses) gains on sales of securities
Tax effect			44				—		Income tax expense
		$	(165)			$	—

(a) Amounts in parentheses indicate debits to net income

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI https://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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