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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Consolidated Statements of Comprehensive Income (Loss)        
Net Income $ 1,236 $ 2,107 $ 3,465 $ 6,189
Other Comprehensive Loss        
Unrealized holding losses arising during the period (2,829) (11,193) (3,865) (32,196)
Reclassification adjustment for gains or losses included in net realized loss on sales and calls of securities on the consolidated statements of income   8   170
Net unrealized losses on available for sale securities (2,829) (11,185) (3,865) (32,026)
Tax effect [1] 594 2,349 812 6,726
Unrealized losses on available for sale securities, net of tax (2,235) (8,836) (3,053) (25,300)
Defined benefit pension plan:        
Actuarial gains (losses) arising during the period 288 53 (101) (919)
Reclassification adjustment for amortization of net actuarial (gain) loss [2] (93) 66 (280) 200
Total 195 119 (381) (719)
Tax effect [3] (41) (25) 80 151
Defined benefit pension plan gains (losses), net of tax 154 94 (301) (568)
Other comprehensive loss: (2,081) (8,742) (3,354) (25,868)
Total Comprehensive Loss $ (845) $ (6,635) $ 111 $ (19,679)
[1] Includes $0 for both the three and nine months ended September 30, 2023 and $2 and $36 for the three and nine months ended September 30, 2022, respectively, 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 ($20) and ($59) for both the three and nine months ended September 30, 2023, respectively and $14 and $42 for the three and nine months ended September 30, 2022, respectively, for tax effect of amortization of net actuarial loss, which are included in the provision for income taxes on the consolidated statements of income.