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Note 21 - Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

Note 21. 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, ($5,327))

  (20,033)  —   (20,033)

Unrealized holding losses on securities transferred from available for sale to held to maturity (net of tax ($1,638))

  (6,160)  —   (6,160)

Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $125)

  468   —   468 

Reclassification adjustment (net of tax, $421)

  1,583   —   1,583 

Change in fair value (net of tax, $365)

  —   1,373   1,373 

Change during period

  (24,142)  1,373   (22,769)

Balance at December 31, 2022

 $(24,587) $2,116  $(22,471)

Unrealized holding gains (net of tax, $697)

  2,621   —   2,621 

Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $344)

  1,295   —   1,295 

Change in fair value (net of tax, ($40))

  —   (151)  (151)

Change during period

  3,916   (151)  3,765 

Balance at December 31, 2023

 $(20,671) $1,965  $(18,706)

 

The following table presents information related to reclassifications from accumulated other comprehensive income (loss) for the years ended December 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

  For the year ended December 31,  
  

2023

  

2022

  

Securities available for sale:

         

Net securities losses reclassified into earnings

 $—  $2,004 

Net (losses) on securities available for sale

Related income tax benefit

  —   (421)

Income tax benefit

Total reclassifications

 $—  $1,583 

Net of tax