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Note 8 - Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

Note 8. Accumulated Other Comprehensive Income (Loss)

 

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

 

  

Net Unrealized Gains (Losses) on Securities

  

Change in Fair Value of Cash Flow Hedges

  

Accumulated Other Comprehensive Income (Loss)

 

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)

Balance at December 31, 2022

 $(24,587) $2,116  $(22,471)

Unrealized holding losses (net of tax, $576)

  2,162   —   2,162 

Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $84)

  316   —   316 

Change in fair value of cash flow hedge (net of tax, ($60))

  —   (223)  (223)

Change during period

  2,478   (223)  2,255 

Balance at March 31, 2023

 $(22,109) $1,893  $(20,216)

 

The following table presents information related to reclassifications from accumulated other comprehensive income (loss) for the three months ended March 31, 2023 and 2022 (in thousands):

 

Details About Accumulated Other Comprehensive Income (Loss)

 

Amount Reclassified from Accumulated Other Comprehensive Income (Loss)

 

Affected Line Item in the Consolidated Statements of Income

  

Three Months Ended

  
  

March 31, 2023

  

March 31, 2022

  

Securities available for sale:

         

Net securities gains reclassified into earnings

 $—  $— 

Net gains on securities available for sale

Related income tax expense

  —   — 

Income tax expense

Total reclassifications

 $—  $— 

Net of tax