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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Loss | The following table presents the changes in each component in accumulated other comprehensive income (loss), net of tax for the nine months ended September 30, 2024 and 2023 (dollars in thousands):
| Unrealized Gain (Loss) on Available for Sale Securities |  | Unrealized Gain (Loss) on Securities Transferred from Available for Sale to Held to Maturity |  | Accumulated Other Comprehensive Loss
Balance at December 31, 2022 | $ | (13,135) |  |  | $ | (4,513) |  |  | $ | (17,648) |
Unrealized holding gains, net of tax of $74 | 280 |  |  | — |  |  | 280 |
Amortization of unrealized holding losses, net of tax of $174 | — |  |  | 656 |  |  | 656 |
Reclassification adjustment, net of tax of $66 | 246 |  |  | — |  |  | 246 |
Balance at September 30, 2023 | $ | (12,609) |  |  | $ | (3,857) |  |  | $ | (16,466) |
Balance at December 31, 2023 | $ | (7,931) |  |  | $ | (3,634) |  |  | $ | (11,565) |
Unrealized holding gains, net of tax of $932 | 3,507 |  |  | — |  |  | 3,507 |
Amortization of unrealized holding losses, net of tax of $166 | — |  |  | 627 |  |  | 627 |
Reclassification adjustment, net of tax of $14 | — |  |  | 51 |  |  | 51 |
Balance at September 30, 2024 | $ | (4,424) |  |  | $ | (2,956) |  |  | $ | (7,380) |
Reclassification out of Accumulated Other Comprehensive Loss | The following table presents the amounts reclassified out of accumulated other comprehensive loss, net of tax for the period ending September 30, 2024 (dollars in thousands):
| September 30, 2024 |  | Line Item in the Consolidated Statements of Income
Securities held to maturity |  |  |
Net securities loss reclassified into earnings | $ | (65) |  |  | Loss on sale of securities
Related income tax benefit | 14 |  |  | Income tax expense
Total reclassifications into net income | $ | (51) |  |  | Net of tax
The following table presents the amounts reclassified out of accumulated other comprehensive loss, net of tax for the period ending September 30, 2023 (dollars in thousands):
| September 30, 2023 |  | Line Item in the Consolidated Statements of Income
Securities available for sale |  |  |
Net securities loss reclassified into earnings | $ | (312) |  |  | Loss on sale of securities
Related income tax benefit | 66 |  |  | Income tax expense
Total reclassifications into net income | $ | (246) |  |  | Net of tax

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