Comprehensive Income and Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Loss (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive loss for each period presented in the interim financial statements.

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
	(in thousands)
Balance, beginning of period	$	(8,740	)	$	(9,484	)	$	(7,194	)	$	(13,828	)
Other comprehensive income (loss) before    reclassification		(866	)		(2,765	)		(2,503	)		1,574
Amounts reclassified from accumulated other    comprehensive loss		46			149			137			154
Net current period other comprehensive    income (loss)		(820	)		(2,616	)		(2,366	)		1,728
Balance, end of period	$	(9,560	)	$	(12,100	)	$	(9,560	)	$	(12,100	)

Reclassification Out of Accumulated Other Comprehensive Loss

The effects of reclassifications out of accumulated other comprehensive loss by the respective line items of net income are presented in the following table.

Component of Accumulated Other	Three Months Ended						Six Months Ended						Affected line item in the
Comprehensive Loss	June 30,						June 30,						statement of income
	2024			2023			2024			2023
	(in thousands)
Unrealized losses on    debt securities, net of tax	$	(58	)	$	(189	)	$	(174	)	$	(195	)	Net realized gains (losses)    on investments
		(58	)		(189	)		(174	)		(195	)	Income before income taxes
Unrealized losses on    debt securities, net of tax		12			40			37			41		Income tax expense
	$	(46	)	$	(149	)	$	(137	)	$	(154	)	Net income