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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Consolidated Statements of Comprehensive Income (Loss)        
Net Income $ 1,431 $ 2,029 $ 2,229 $ 4,082
Other Comprehensive (Loss) Income:        
Unrealized holding losses arising during the period (3,847) (7,156) (1,036) (21,003)
Reclassification adjustment for gains or losses included in net realized loss on sales and calls of securities on the consolidated statements of income   162   162
Net unrealized losses on available for sale securities (3,847) (6,994) (1,036) (20,841)
Tax effect [1] 808 1,469 218 4,377
Unrealized losses on available for sale securities, net of tax (3,039) (5,525) (818) (16,464)
Defined benefit pension plan:        
Actuarial losses arising during the period (389) (972) (389) (972)
Reclassification adjustment for amortization of net actuarial (gain) loss [2] (187) 134 (187) 134
Total (576) (838) (576) (838)
Tax effect [3] 121 176 121 176
Defined benefit pension plan losses, net of tax (455) (662) (455) (662)
Other comprehensive loss: (3,494) (6,187) (1,273) (17,126)
Total Comprehensive (Loss) Income $ (2,063) $ (4,158) $ 956 $ (13,044)
[1] Includes $0 for both the three and six months ended June 30, 2023 and $34 for the three and six months ended June 30, 2022, for tax effect of realized gains or losses which are included in the provision for income taxes on the consolidated statements of income.
[2] Included in other non-interest expense on the consolidated statements of income.
[3] Includes ($39) for both the three and six months ended June 30, 2023 and $28 for the three and six months ended June 30, 2022, for tax effect of amortization of net actuarial loss, which are included in the provision for income taxes on the consolidated statements of income.