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OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Tax Effects Allocated to Each Component of Other Comprehensive Income (Loss)
The following table shows the tax effects allocated to each component of other comprehensive income (loss):
For the year ended, December 31,For the year ended, December 31,
20222021
Before-Tax
Amount
Tax Benefit
(Expense)
Net-of-Tax
Amount
Before-Tax
Amount
Tax Benefit
(Expense)
Net-of-Tax
Amount
Unrealized losses on securities:
Net unrealized losses arising during the period$(24,575)$6,758 $(17,817)$(1,261)$352 $(909)
Reclassification adjustment for gains included in net income— — — (573)153 (420)
Other comprehensive loss$(24,575)$6,758 $(17,817)$(1,834)$505 $(1,329)
Schedule of Changes in Accumulated Balances for Each Component of Other Comprehensive Income (Loss)
The changes in the accumulated balances for each component of other comprehensive income (loss), net of tax for the years ended December 31, 2022 and December 31, 2021 were as follows:
Unrealized Gains (Losses) on AFS SecuritiesOther Accumulated
Comprehensive
Income (Loss), net of tax
Beginning Balance, January 1, 2021$2,056 $1,490 
Current year-to-date other comprehensive loss(1,834)(1,329)
Ending balance, December 31, 2021$222 $161 
Current year-to-date other comprehensive loss(24,575)(17,817)
Ending balance, December 31, 2022$(24,353)$(17,656)
Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss)
Reclassifications out of accumulated other comprehensive income (loss) for the twelve months ended December 31, 2022 were as follows:
Details about Accumulated Other Comprehensive Income (Loss) ComponentsAmounts Reclassified from Accumulated Other Comprehensive Income (Loss)(1)Affected Line Item on the Statement of Operations
Unrealized gains and losses
Sale of securities$— Net gains (losses) on investment securities
Tax effect— Provision for income taxes
Total reclassifications for the period$— Net income attributable to common shareholders
(1)    Amounts in parentheses indicate decreases to profit/loss.
Reclassifications out of accumulated other comprehensive income (loss) for the twelve months ended December 31, 2021 were as follows:
Details about Accumulated Other Comprehensive Income (Loss) ComponentsAmounts Reclassified from Accumulated Other Comprehensive Income (Loss)(1)Affected Line Item on the Statement of Operations
Unrealized gains and losses
Sale of securities$573 Net gains (losses) on investment securities
Tax effect(153)Provision for income taxes
Total reclassifications for the period$420 Net income attributable to common shareholders
(1)    Amounts in parentheses indicate decreases to profit/loss.