Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Accumulated Other Comprehensive Loss

The following table presents the changes in each component in accumulated other comprehensive loss, net of tax for the twelve months ended December 31, 2024 and 2023 (dollars in thousands):


	Unrealized Loss on Available for Sale Securities		Unrealized 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 $1,302	4,897		—		4,897
Amortization of unrealized holding losses, net of tax of $234	—		879		879
Reclassification adjustment, net of tax of $82	307		—		307
Balance at December 31, 2023	$	(7,931)	$	(3,634)	$	(11,565)
Balance at December 31, 2023	$	(7,931)	$	(3,634)	$	(11,565)
Unrealized holding gains, net of tax of $636	2,393		—		2,393
Amortization of unrealized holding losses, net of tax of $229	—		863		863
Reclassification adjustment, net of tax of $17	13		51		64
Balance at December 31, 2024	$	(5,525)	$	(2,720)	$	(8,245)

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 December 31, 2024 (dollars in thousands):


	Year Ended December 31, 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


	Year Ended December 31, 2024		Line Item in the Consolidated Statements of Income
Securities available for sale
Net securities loss reclassified into earnings	$	(16)	Loss on sale of securities
Related income tax benefit	3		Income tax expense
Total reclassifications into net income	$	(13)	Net of tax

The following table presents the amounts reclassified out of accumulated other comprehensive loss, net of tax for the period ending December 31, 2023 (dollars in thousands):


	Year Ended December 31, 2023		Line Item in the Consolidated Statements of Income
Securities available for sale
Net securities loss reclassified into earnings	$	(389)	Loss on sale of securities
Related income tax benefit	82		Income tax expense
Total reclassifications into net income	$	(307)	Net of tax