Note 3 - Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 3 – Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended March 31, 2022 and 2021 (in thousands):

	Unrealized Gains (Losses) on Investment Securities Available for Sale (1)
	For the Three Months Ended March 31,
	2022			2021
Balance at the beginning of the period	$	23		$	118
Other comprehensive income (loss) before classifications		(21	)		192
Amount reclassified from accumulated other comprehensive income (loss)		-			(250	)
Total other comprehensive loss		(21	)		(58	)
Balance at the end of the period	$	2		$	60

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(1)    All amounts are net of tax. Amounts in parentheses indicate debits.

The following table presents significant amounts reclassified out of each component of accumulated other comprehensive income for the three months ended March 31, 2022 and 2021 (in thousands):

Details About Other Comprehensive Income	Amount Reclassified from Accumulated Other Comprehensive Income (Loss) (1)					Affected Line Item in the Statement of Income
	For the Three Months Ended March 31,
	2022		2021
Sale of securities available for sale	$	-	$	317		Gain on sales of investment securities
Tax effect		-		(67	)	Income taxes
Total reclassification for the period	$	-	$	250

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(1)         Amounts in parentheses indicate debits.