Note 3 - Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

3. Accumulated other comprehensive income

The following tables illustrate the changes in accumulated other comprehensive income by component and the details about the components of accumulated other comprehensive income as of and for the periods indicated:

As of and for the three months ended March 31, 2023
	Unrealized gains
	(losses) on			Securities
	available-for-sale			transferred to
(dollars in thousands)	debt securities			held-to-maturity			Total
Beginning balance	$	(53,624	)	$	(17,528	)	$	(71,152	)
Other comprehensive gain before reclassifications, net of tax		7,761			452			8,213
Amounts reclassified from accumulated other comprehensive income, net of tax		1			-			1
Net current-period other comprehensive gain		7,762			452			8,214
Ending balance	$	(45,862	)	$	(17,076	)	$	(62,938	)

As of and for the three months ended March 31, 2022
	Unrealized gains
	(losses) on			Securities
	available-for-sale			transferred to
(dollars in thousands)	debt securities			held-to-maturity		Total
Beginning balance	$	179		$	-	$	179
Other comprehensive loss before reclassifications, net of tax		(42,676	)		-		(42,676	)
Amounts reclassified from accumulated other comprehensive income, net of tax		-			-		-
Net current-period other comprehensive loss		(42,676	)		-		(42,676	)
Ending balance	$	(42,497	)	$	-	$	(42,497	)

Details about accumulated other
comprehensive income components	Amount reclassified from accumulated					Affected line item in the statement
(dollars in thousands)	other comprehensive income					where net income is presented
	For the three months
	ended March 31,
	2023			2022
Unrealized gains (losses) on AFS debt securities	$	(1	)	$	-	Gain (loss) on sale of investment securities
Income tax effect		-			-	Provision for income taxes
Total reclassifications for the period	$	(1	)	$	-	Net income