Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 17 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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, 2023 and 2022:



	Unrealized gains on available for sale securities (a)		Unrealized gain on pension liability (a)		Total (a)
Balance as of December 31, 2022	$	(57,931)	$	578	$	(57,353)
Other comprehensive income (loss) before reclassification		9,924		(84)		9,840
Amount reclassified from accumulated other comprehensive loss		165		—		165
Total other comprehensive income		10,089		(84)		10,005
Balance as of December 31, 2023	$	(47,842)	$	494	$	(47,348)


	Unrealized gains on available for sale securities (a)		Unrealized gain on pension liability (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 loss		(56,478)		(619)		(57,097)
Balance as of December 31, 2022	$	(57,931)	$	578	$	(57,353)

(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, 2023 and 2022:


	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,
	2023		2022
Unrealized gains on available for sale securities	$	(209)	$	3	Net realized gains on sales of securities
		44		(1)	Income tax expense
	$	(165)	$	2

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