ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

NOTE 10 – ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss included in equity (net of tax) for the three and six months ended June 30, 2022 and 2021 was as follows:

	Unrealized gain and losses on available for sale securities			Benefit plans			Total
Three months ended
June 30, 2022
Beginning balance at April 1, 2022	$	(2,689,802	)	$	58,747		$	(2,631,055	)
Other comprehensive (loss) income before reclassification		—			—			—
Amounts reclassified		(4,142,333	)		41,589			(4,100,744	)
Net period comprehensive (loss) income		(4,142,333	)		41,589			(4,100,744	)
Ending balance at June 30, 2022	$	(6,832,135	)	$	100,336		$	(6,731,799	)
June 30, 2021
Beginning balance at April 1, 2021	$	112,120		$	(342,201	)	$	(230,081	)
Other comprehensive income before reclassification		—			—			—
Amounts reclassified		9,212			31,381			40,593
Net period comprehensive income		9,212			31,381			40,593
Ending balance at June 30, 2021	$	121,332		$	(310,820	)	$	(189,488	)

	Unrealized gain and losses on available for sale securities			Benefit plans			Total
Six months ended June 30, 2022
Beginning balance at January 1, 2022	$	(289,814	)	$	17,158		$	(272,656	)
Other comprehensive income before reclassification		—			—			—
Amounts reclassified		(6,542,321	)		83,178			(6,459,143	)
Net period comprehensive income		(6,542,321	)		83,178			(6,459,143	)
Ending balance at June 30, 2022	$	(6,832,135	)	$	100,336		$	(6,731,799	)
June 30, 2021
Beginning balance at January 1, 2021	$	100,569		$	(373,582	)	$	(273,013	)
Other comprehensive income before reclassification		—			—			—
Amounts reclassified		20,763			62,762			83,525
Net period comprehensive income		20,763			62,762			83,525
Ending balance at June 30, 2021	$	121,332		$	(310,820	)	$	(189,488	)