OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2023

The following tables show the tax effects allocated to each component of other comprehensive income (loss) for the three months ended March 31, 2023 and 2022:


	Three months ended
	March 31, 2023						March 31, 2022
	Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount		Before-Tax Amount		Tax Benefit (Expense)		Net-of-Tax Amount
Unrealized gain (losses) on securities:
Net unrealized gains (losses) arising during the period	$	1,469	$	(404)	$	1,065	$	(9,824)	$	2,701	$	(7,123)





Other comprehensive income (loss)	$	1,469	$	(404)	$	1,065	$	(9,824)	$	2,701	$	(7,123)

The changes in the accumulated balances for each component of other comprehensive income (loss), net of tax for the twelve months ended December 31, 2022 and the three months ended March 31, 2023 were as follows:


	Unrealized Gains (Losses) on AFS Securities		Other Accumulated Comprehensive Income (Loss), net of tax
Beginning Balance, January 1, 2022	$	222	$	161
Current year-to-date other comprehensive loss	(24,575)		(17,817)

Ending balance, December 31, 2022	$	(24,353)	$	(17,656)
Current year-to-date other comprehensive income	1,469		1,065
Ending balance, March 31, 2023	$	(22,884)	$	(16,591)

Reclassifications out of accumulated other comprehensive income (loss) for the three month periods ended March 31, 2023 and March 31, 2022 were as follows:


	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
Details about Accumulated Other Comprehensive Income (Loss) Components	Three months ended March 31, 2023		Three months ended March 31, 2022		(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 stockholders