ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

NOTE 21 - ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The following are changes in accumulated other comprehensive loss by component, net of tax, for the year ending December 31, 2022:

	Gains (Losses) on Cash Flow Hedges			Unrealized (Losses) Gains on Available for Sale Securities			Unrealized Gains (Losses) on Held to Maturity Securities			Total
Beginning balance	$	188		$	5,342		$	775		$	6,305
Other comprehensive income (loss) before reclassification and tax effect		497			(33,175	)		(1,535	)		(34,213	)
Tax effect		—			6,967			(2,770	)		4,197
Amounts reclassified from accumulated other comprehensive loss		(685	)		136			—			(549	)
Net current period other comprehensive loss		(188	)		(26,072	)		(4,305	)		(30,565	)
Ending balance	$	—		$	(20,730	)	$	(3,530	)	$	(24,260	)

The following are amounts reclassified out of each component of accumulated other comprehensive loss for the year ended December 31, 2022:

Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified From Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Earnings is Presented
Unrealized gain on available for sale securities	$	(172	)	Net realized gain on sale of securities available for sale
Tax effect		36		Tax expense
Net of tax	$	(136	)

The following are changes in accumulated other comprehensive income by component, net of tax, for the year ended December 31, 2021:

	(Losses) Gains on Cash Flow Hedges			Unrealized Gains (Losses) on Available for Sale Securities			Unrealized (Losses) Gains on Held to Maturity Securities			Total
Beginning balance	$	(1,151	)	$	10,780		$	—		$	9,629
Other comprehensive income (loss) before reclassification and tax effect		873			(6,884	)		(1,374	)		(7,385	)
Tax effect		—			1,446			2,149			3,595
Amounts reclassified from accumulated other comprehensive loss		466			—			—			466
Net current period other comprehensive income (loss)		1,339			(5,438	)		775			(3,324	)
Ending balance	$	188		$	5,342		$	775		$	6,305

The following are changes in accumulated other comprehensive (loss) income by component, net of tax, for the year ended December 31, 2020:

	Losses on Cash Flow Hedges			Unrealized (Losses) Gains on Available for Sale Securities			Unrealized (Losses) Gains on Held to Maturity Securities			Total
Beginning balance	$	(526	)	$	(1,221	)	$	(46	)	$	(1,793	)
Other comprehensive income (loss) before tax effect		(625	)		15,194			46			14,615
Tax effect		—			(3,193	)		—			(3,193	)
Net current period other comprehensive income (loss)		(625	)		12,001			46			11,422
Ending balance	$	(1,151	)	$	10,780		$	—		$	9,629

There were no amounts reclassified out of accumulated other comprehensive (loss) income for the year ended December 31, 2020.