ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of accumulated other comprehensive income

The activity in accumulated other comprehensive income (loss) for the years ended December 31, 2021 and 2020 is as follows:

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (1) (2)

(DOLLARS IN THOUSANDS)

	Unrealized
	Gains
	on Securities
	Available-for-Sale
	$
Balance at January 1, 2021		7,958
Other comprehensive income (loss) before reclassifications		(3,940	)
Amount reclassified from accumulated other comprehensive income		(577	)
Period change		(4,517	)
Balance at December 31, 2021		3,441
Balance at January 1, 2020		1,600
Other comprehensive income before reclassifications		6,997
Amount reclassified from accumulated other comprehensive loss		(639	)
Period change		6,358
Balance at December 31, 2020		7,958

(1)	All amounts are net of tax. Related income tax expense or benefit is calculated using a Federal income tax rate of 21%.
(2)	Amounts in parentheses indicate debits.

DETAILS ABOUT ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) COMPONENTS (1)

(DOLLARS IN THOUSANDS)

	Amount Reclassified from
	Accumulated Other Comprehensive
	Income (Loss)
	For the Year Ended
	December 31,						Affected Line Item
	2021			2020			in the Consolidated
	$			$			Statements of Income
Securities available for sale:
Net securities gains reclassified into earnings		730			809		Gains on sale of debt securities, net
Related income tax expense		(153	)		(170	)	Provision for federal income taxes
Net effect on accumulated other comprehensive income (loss) for the period		577			639
Total reclassifications for the period		577			639

(1) Amounts in parentheses indicate debits.