Comprehensive Income

6 Months Ended

Jun. 30, 2025

Comprehensive Income

Comprehensive Income

(2) Comprehensive Income

The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale.

The following table presents the changes in accumulated other comprehensive loss for the three and six months ended June 30, 2025 and 2024:

	For the three months ended						For the six months ended
(dollars in thousands)	June 30, 2025			June 30, 2024			June 30, 2025			June 30, 2024
Beginning balance	$	(33,639	)	$	(39,310	)	$	(39,157	)	$	(39,365	)
Other comprehensive income (loss) before reclassifications, net		1,430			(679	)		7,044			(624	)
Amounts reclassified from accumulated other comprehensive loss, net		-			-			3			-
Reduction in state tax rate adjustment, net		-			-			(99	)		-
Net current period other comprehensive income (loss)		1,430			(679	)		6,948			(624	)
Ending balance	$	(32,209	)	$	(39,989	)	$	(32,209	)	$	(39,989	)