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OTHER COMPREHENSIVE INCOME (LOSS) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
OTHER COMPREHENSIVE INCOME (LOSS) | OTHER COMPREHENSIVE INCOME (LOSS) The following tables show the tax effects allocated to each component of other comprehensive income (loss) for the three and nine months ended September 30, 2024 and 2023:
| Three Months Ended
| September 30, 2024 |  | September 30, 2023
| Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount |  | Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount
Unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) arising during the period | $ | 4,605 |  |  | $ | (1,053) |  |  | $ | 3,552 |  |  | $ | (3,701) |  |  | $ | 839 |  |  | $ | (2,862) |
Other comprehensive income (loss) | $ | 4,605 |  |  | $ | (1,053) |  |  | $ | 3,552 |  |  | $ | (3,701) |  |  | $ | 839 |  |  | $ | (2,862) |
| Nine Months Ended
| September 30, 2024 |  | September 30, 2023
| Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount |  | Before-Tax Amount |  | Tax Benefit (Expense) |  | Net-of-Tax Amount
Unrealized gains (losses) on securities: |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) arising during the period | $ | 4,383 |  |  | $ | (1,030) |  |  | $ | 3,353 |  |  | $ | (5,373) |  |  | $ | 1,299 |  |  | $ | (4,074) |
Reclassification adjustment for gains included in net income | — |  |  | — |  |  | — |  |  | (12) |  |  | 3 |  |  | (9) |
Reclassification for net loss on exchanged security, included in net income, net of tax | 168 |  |  | (38) |  |  | 130 |  |  | — |  |  | — |  |  | — |
Other comprehensive income (loss) | $ | 4,551 |  |  | $ | (1,068) |  |  | $ | 3,483 |  |  | $ | (5,385) |  |  | $ | 1,302 |  |  | $ | (4,083) |
The changes in the accumulated balances for each component of other comprehensive income (loss), net of tax for the twelve months ended December 31, 2023 and the nine months ended September 30, 2024 were as follows:
| Unrealized Gains (Losses) on AFS Securities |  |  |  | Other Accumulated Comprehensive Income (Loss), net of tax
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) |
Current year-to-date other comprehensive income | 4,551 |  |  |  |  | 3,483 |
Ending balance, September 30, 2024 | $ | (19,450) |  |  |  |  | $ | (13,845) |
Reclassifications out of accumulated other comprehensive income (loss) for the three and nine month periods ended September 30, 2024 and September 30, 2023 were as follows:
|  | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) |  |
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Three months ended September 30, 2024 |  | Nine months ended September 30, 2024 |  | Affected Line Item on the Statement of Operations
Unrealized gains and losses |  |  |  |  |  |
Debt security exchanged for equity security |  | $ | — |  |  | $ | (168) |  |  | Net (losses) gains on investment securities
Tax effect |  | — |  |  | 38 |  |  | Provision for income taxes
Total reclassifications for the period |  | $ | — |  |  | $ | (130) |  |  | Net loss attributable to common stockholders
|  | Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) |  |
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Three months ended September 30, 2023 |  | Nine months ended September 30, 2023 |  | Affected Line Item on the Statement of Operations
Unrealized gains and losses |  |  |  |  |  |
Sale of securities |  | $ | — |  |  | $ | 12 |  |  | Net (losses) gains on investment securities
Tax effect |  | — |  |  | (3) |  |  | Provision for income taxes
Total reclassifications for the period |  | $ | — |  |  | $ | 9 |  |  | Net income attributable to common stockholders

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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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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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