Note 12 - Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE 12 – ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in accumulated other comprehensive loss for the three months ended March 31, 2025 and 2024 were as follows (in thousands):

	Three Months Ended March 31,
				Changes in
	Unrealized			Pension Plan
	Losses on			Assets and
	Available-for-			Benefit
	Sale Debt Securities			Obligations			Total
2025
Balance at beginning of period	$	(19,190	)		1			(19,189	)
Other comprehensive income, net of taxes		3,662			—			3,662
Reclassifications		—			—			—
Balance at end of period	$	(15,528	)		1			(15,527	)
2024
Balance at beginning of period	$	(22,281	)		(55	)		(22,336	)
Other comprehensive loss, net of taxes		(1,287	)		—			(1,287	)
Reclassifications		169			—			169
Balance at end of period	$	(23,399	)		(55	)		(23,454	)

Reclassifications out of accumulated other comprehensive loss during the three months ended March 31, 2025 and 2024 and the affected line items in the condensed consolidated statements of income were as follows (in thousands):

	Three Months Ended					Affected Line Item in the
	March 31,					Consolidated Condensed
	2025		2024			Statements of Income
Realized losses from sales of debt securities, available-for-sale	$	—		(214	)	Net losses from sales of debt securities, available-for-sale
Income tax benefit		—		(45	)	Provision for income taxes
Reclassification adjustment, net of taxes	$	—		(169	)