Accumulated Other Comprehensive (Loss) Income

9 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) Income

NOTE 9 — Accumulated Other Comprehensive Loss

The following presents changes in accumulated other comprehensive loss by component, net of tax, for the three and nine months ending September 30, 2022 and 2021:

	Three Months Ended				Nine Months Ended
	September 30,
	2022		2021		2022		2021
	(In thousands)
Unrealized Losses on Available-for-Sale Securities
Beginning balance	$	(11,277)	$	323	$	(850)	$	1,408
Other comprehensive loss before reclassifications, net of tax		(4,665)		(490)		(15,092)		(1,575)
Amounts reclassified from accumulated other comprehensive loss		—		—		—		—
Net current period other comprehensive loss		(4,665)		(490)		(15,092)		(1,575)
Ending balance	$	(15,942)	$	(167)	$	(15,942)	$	(167)

There were no reclassifications out of accumulated other comprehensive loss for the three and nine months ended September 30, 2022 and 2021.