Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2022

Other Comprehensive Income (Loss), Tax [Abstract]

Other Comprehensive Income

Note 11. Other Comprehensive Income (Loss)

A component of the Company’s other comprehensive income (loss), in addition to net income from operations, is the recognition of the unrealized gains and losses on AFS securities, net of income taxes. Reclassifications of realized gains and losses on AFS securities are reported in the income statement as “Gains on sales of securities” with the corresponding

income tax effect reflected as a component of income tax expense. There were no sales of securities in the three and six months ended June 30, 2022 and 2021.

The following table presents the cumulative balances of the components of accumulated other comprehensive income (loss), net of deferred taxes of ($7.9) million and ($464) thousand, as of June 30, 2022 and December 31, 2021, respectively (dollars in thousands).

	June 30, 2022			December 31, 2021
Accumulated other comprehensive loss on securities	$	(38,026	)	$	(2,164	)
Accumulated other comprehensive income (loss) on interest rate swap		331			(47	)
Total accumulated other comprehensive loss	$	(37,695	)	$	(2,211	)