Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2025

Disclosure Of Other Comprehensive Income Loss [Abstract]

11.

Other Comprehensive Income (Loss)

The Company reports certain items as “other comprehensive income or loss” and reflects total accumulated other comprehensive loss (“AOCI”) in the consolidated financial statements for all periods containing elements of other comprehensive income or loss. The following table presents a reconciliation of the changes in the components of other comprehensive income or loss for the dates indicated, including the amount of income tax expense or benefit allocated to each component of other comprehensive income or loss:


	Three Months Ended June 30,
Reclassification Adjustments	2025			2024			Affected Line Item in Consolidated Statements of (Loss) Income
	(Dollars in thousands)
Net amortization of bond premiums	$	134		$	135		Interest on debt securities
Tax effect		(36	)		(37	)	Income tax expense (benefit)
Total reclassification adjustments	$	98		$	98		Net (loss) income

	Six Months Ended June 30,
Reclassification Adjustments	2025			2024			Affected Line Item in Consolidated Statements of (Loss) Income
	(Dollars in thousands)
Net amortization of bond premiums	$	290		$	285		Interest on debt securities
Tax effect		(78	)		(77	)	Income tax expense (benefit)
Total reclassification adjustments	$	212		$	208		Net (loss) income

The following tables present the changes in each component of AOCI for the periods indicated:


(Dollars in thousands)	Net Unrealized Losses on AFS Securities(1)			Net Unrealized Losses on Cash Flow Hedges(1)			AOCI(1)
Balance at March 31, 2025	$	(6,923	)	$	(46	)	$	(6,969	)
Other comprehensive income before reclassification		1			6			7
Amounts reclassified from AOCI		98			—			98
Other comprehensive income		99			6			105
Balance at June 30, 2025	$	(6,824	)	$	(40	)	$	(6,864	)

Balance at March 31, 2024	$	(6,867	)	$	—		$	(6,867	)
Other comprehensive loss before reclassification		(384	)		—			(384	)
Amounts reclassified from AOCI		98			—			98
Other comprehensive loss		(286	)		—			(286	)
Balance at June 30, 2024	$	(7,153	)	$	—		$	(7,153	)

Balance at December 31, 2024	$	(7,013	)	$	(31	)	$	(7,044	)
Other comprehensive loss before reclassification		(23	)		—			(23	)
Amounts reclassified from AOCI		212			(9	)		203
Other comprehensive income (loss)		189			(9	)		180
Balance at June 30, 2025	$	(6,824	)	$	(40	)	$	(6,864	)

Balance at December 31, 2023	$	(5,944	)	$	—		$	(5,944	)
Other comprehensive loss before reclassification		(1,417	)		—			(1,417	)
Amounts reclassified from AOCI		208			—			208
Other comprehensive loss		(1,209	)		—			(1,209	)
Balance at June 30, 2024	$	(7,153	)	$	—		$	(7,153	)

(1)

All amounts are net of tax.