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Note 14 - Accumulated Other Comprehensive (Loss) Income
 3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

Note 14. Accumulated Other Comprehensive (Loss) Income

 

Changes in each component of accumulated other comprehensive (loss) income were as follows (in thousands):

 

  

Net Unrealized Gains (Losses) on Securities

  

Change in Fair Value of Cash Flow Hedges

  

Accumulated Other Comprehensive (Loss) Income

 

Balance at December 31, 2020

 $3,058  $340  $3,398 

Unrealized holding losses (net of tax, ($432))

  (1,625)  —   (1,625)

Reclassification adjustment (net of tax, ($8))

  (29)  —   (29)

Change in fair value (net of tax, $196)

  —   738   738 

Change during period

  (1,654)  738   (916)

Balance at March 31, 2021

 $1,404  $1,078  $2,482 

Balance at December 31, 2021

 $(445) $743  $298 

Unrealized holding losses (net of tax, ($3,786))

  (14,243)  —   (14,243)

Change in fair value of cash flow hedge (net of tax, $146)

  —   553   553 

Change during period

  (14,243)  553   (13,690)

Balance at March 31, 2022

 $(14,688) $1,296  $(13,392)

 

The following table presents information related to reclassifications from accumulated other comprehensive (loss) income for the three months ended March 31, 2022 and 2021 (in thousands):

 

Details About Accumulated Other Comprehensive (Loss) Income

 

Amount Reclassified from Accumulated Other Comprehensive (Loss) Income

 

Affected Line Item in the Consolidated Statements of Income

  

Three Months Ended

  
  

March 31, 2022

  

March 31, 2021

  

Securities available for sale:

         

Net securities gains reclassified into earnings

 $—  $(37)

Net gains on securities available for sale

Related income tax expense

  —   8 

Income tax expense

Total reclassifications

 $—  $(29)

Net of tax