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Note 8 - Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 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 March 31, 2022

 $(14,688) $1,296  $(13,392)

Unrealized holding losses (net of tax, ($2,595))

  (9,762)  —   (9,762)

Change in fair value of cash flow hedge (net of tax, $120)

  —   452   452 

Change during period

  (9,762)  452   (9,310)

Balance at June 30, 2022

 $(24,450) $1,748  $(22,702)

Balance at March 31, 2023

 $(22,109) $1,893  $(20,216)

Unrealized holding losses (net of tax, ($421))

  (1,579)  —   (1,579)

Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $88)

  333   —   333 

Change in fair value of cash flow hedge (net of tax, $29)

  —   103   103 

Change during period

  (1,246)  103   (1,143)

Balance at June 30, 2023

 $(23,355) $1,996  $(21,359)

 

  

Net Unrealized (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, ($6,381))

  

(24,005)

   

—

   

(24,005)

 

Change in fair value of cash flow hedge (net of tax, $267)

  

—

   

1,005

   

1,005

 

Change during period

  

(24,005)

   

1,005

   

(23,000)

 

Balance at June 30, 2022

  

$ (24,450)

   

$ 1,748

   

$ (22,702)

 

Balance at December 31, 2022

  

$ (24,587)

   

$ 2,116

   

$ (22,471)

 

Unrealized holding losses (net of tax, $155)

  

583

   

—

   

583

 

Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $172)

  

649

   

—

   

649

 

Change in fair value of cash flow hedge (net of tax, ($31))

  

—

   

(120)

   

(120)

 

Change during period

  

1,232

   

(120)

   

1,112

 

Balance at June 30, 2023

  

$ (23,355)

   

$ 1,996

   

$ (21,359)

 

 

 

Notes to Consolidated Financial Statements (Unaudited)