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OTHER COMPREHENSIVE INCOME (LOSS) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
OTHER COMPREHENSIVE INCOME (LOSS) | 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,
|  | 2023 |  | 2022
|  | 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 gains (losses) arising during the period |  | $ | 364 |  |  | $ | (27) |  |  | $ | 337 |  |  | $ | (24,575) |  |  | $ | 6,758 |  |  | $ | (17,817) |
Reclassification adjustment for gains included in net income |  | (12) |  |  | 3 |  |  | (9) |  |  | — |  |  | — |  |  | — |
Other comprehensive income (loss) |  | $ | 352 |  |  | $ | (24) |  |  | $ | 328 |  |  | $ | (24,575) |  |  | $ | 6,758 |  |  | $ | (17,817) |
The changes in the accumulated balances for each component of other comprehensive income (loss), net of tax for the years ended December 31, 2023 and December 31, 2022 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 |  | 352 |  |  |  |  | 328 |
Ending balance, December 31, 2023 |  | $ | (24,001) |  |  |  |  | $ | (17,328) |
Reclassifications out of accumulated other comprehensive income (loss) for the twelve months ended December 31, 2023 were as follows:
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) | (1) | Affected Line Item on the Statement of Operations
Unrealized gains and losses |  |  |  |
Sale of securities |  | $ | 12 |  |  | Net gains (losses) on investment securities
Tax effect |  | (3) |  |  | Provision for income taxes
Total reclassifications for the period |  | $ | 9 |  |  | 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, 2022 were as follows:
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amounts 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.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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