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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2023
Other Comprehensive Income (Loss), Tax [Abstract]  
Other Comprehensive Income (Loss)

Note 22 - Other Comprehensive Income (Loss)

The following table presents the changes in each component of accumulated other comprehensive income (loss) as of December 31, 2023 and December 31, 2022:

 

(Dollars in thousands)

 

AFS Securities

 

 

Interest Rate Swap

 

 

Total

 

Accumulated other comprehensive income (loss) at December 31, 2022

 

$

(49,024

)

 

$

400

 

 

$

(48,624

)

 

 

 

 

 

 

 

 

 

Other comprehensive gains (losses) arising during the period

 

 

11,160

 

 

 

(46

)

 

 

11,114

 

Related income tax effects

 

 

(2,343

)

 

 

9

 

 

 

(2,334

)

 

 

 

8,817

 

 

 

(37

)

 

 

8,780

 

 

 

 

 

 

 

 

 

 

 

Reclassification into net income

 

 

206

 

 

 

(460

)

 

 

(254

)

Related income tax effects

 

 

(43

)

 

 

97

 

 

 

54

 

 

 

 

163

 

 

 

(363

)

 

 

(200

)

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss at December 31, 2023

 

$

(40,044

)

 

$

-

 

 

$

(40,044

)

 

 

 

 

 

 

 

 

 

 

 

AFS Securities

 

 

Interest Rate Swap

 

 

Total

 

Accumulated other comprehensive loss at December 31, 2021

 

$

(2,164

)

 

$

(47

)

 

$

(2,211

)

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) arising during the period

 

 

(59,317

)

 

 

566

 

 

 

(58,751

)

Related income tax effects

 

 

12,457

 

 

 

(119

)

 

 

12,338

 

 

 

 

(46,860

)

 

 

447

 

 

 

(46,413

)

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive income (loss) at December 31, 2022

 

$

(49,024

)

 

$

400

 

 

$

(48,624

)