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Note 22 - Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

Note 22. 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, 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)

Unrealized holding losses (net of tax, ($275))

  (1,039)  —   (1,039)

Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $270)

  1,015   —   1,015 

Reclassification adjustment (net of tax, ($33))

  (122)  —   (122)

Change in fair value (net of tax, $42)

  —   160   160 

Change during period

  (146)  160   14 

Balance at December 31, 2024

 $(20,817) $2,125  $(18,692)

 

The following table presents information related to reclassifications from accumulated other comprehensive income (loss) for the years ended December 31, 2024 and 2023 (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,  
  

2024

  

2023

  

Securities available for sale:

         

Net securities losses reclassified into earnings

 $(155) $— 

Net (losses) on securities available for sale

Related income tax benefit

  (33)  — 

Income tax benefit

Total reclassifications

 $(122) $— 

Net of tax