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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Consolidated Statements of Comprehensive Income (Loss)        
Net Income (Loss) $ (8,062) $ 1,236 $ (5,966) $ 3,465
Other Comprehensive Income        
Unrealized holding gains (losses) arising during the period 6,027 (2,829) 6,406 (3,865)
Reclassification adjustment for gains or losses included in net realized gains or losses on sales and calls of securities on the consolidated statements of income 11,996   11,996  
Net unrealized gains (losses) on available for sale securities 18,023 (2,829) 18,402 (3,865)
Tax effect [1] (3,784) 594 (3,864) 812
Unrealized gains (losses) on available for sale securities, net of tax 14,239 (2,235) 14,538 (3,053)
Defined benefit pension plan:        
Actuarial gains (losses) arising during the period 378 288 562 (101)
Reclassification adjustment for amortization of net actuarial gain [2] (75) (93) (224) (280)
Total 303 195 338 (381)
Tax effect [3] (64) (41) (71) 80
Defined benefit pension plan gains (losses), net of tax 239 154 267 (301)
Other comprehensive income (loss): 14,478 (2,081) 14,805 (3,354)
Total Comprehensive Income (Loss) $ 6,416 $ (845) $ 8,839 $ 111
[1] Includes ($2,519) for both the three and nine months ended September 30, 2024 and $0 for both the three and nine months ended September 30, 2023, 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 ($16) and ($47) for both the three and nine months ended September 30, 2024, respectively and ($20) and ($59) for the three and nine months ended September 30, 2023, 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.