Note 18 - Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 18. OTHER COMPREHENSIVE (LOSS) INCOME

The following tables summarize the reclassifications out of accumulated other comprehensive income for the years ended  December 31, 2022 and 2021:

	For the year Ended December 31, 2022
	Amount Reclassified
	from Accumulated			Affected Line Item
	Other Comprehensive			in the Consolidated
(in thousands)	Income			Statements of Income
Available-for-sale debt securities:
Reclassification adjustment for net losses reclassified into net income	$	223		Net loss on the sale of available-for-sale securities
Taxes		(47	)	Income taxes
Net of tax amount	$	176

	For the year Ended December 31, 2021
	Amount Reclassified
	from Accumulated			Affected Line Item
	Other Comprehensive			in the Consolidated
(in thousands)	Income			Statements of Income
Available-for-sale debt securities:
Reclassification adjustment for net gains reclassified into net income	$	(213	)	Net gain on the sale of available-for-sale securities
Taxes		45		Income taxes
Net of tax amount	$	(168	)

The following table summarizes the changes in accumulated other comprehensive income, net of tax, for the years ended  December 31, 2022 and 2021:

	For the Year Ended December 31,
(in thousands)	2022			2021
Balance, January 1,	$	6,352		$	13,886
Other comprehensive loss before reclassifications		(54,556	)		(7,366	)
Amounts reclassified from accumulated other comprehensive income		176			(168	)
Net other comprehensive loss during the period		(54,380	)		(7,534	)
Balance, December 31,	$	(48,028	)	$	6,352