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Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2023
Other Comprehensive Income (Loss), Tax [Abstract]  
Schedule of Component of Accumulated 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

)