Note 16 - Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 16: Other Comprehensive Income (loss)

The components of other comprehensive income (loss) and other related tax effects were:

	2021
	Before tax			Tax effect		Net of tax
	(In thousands)
Debt securities available for sale:
Changes in net unrealized gains arising during the year	$	(91,891	)	$	27,167	$	(64,724	)
Reclassification of gains included in net income		(34	)		10		(24	)
Other comprehensive income	$	(91,925	)	$	27,177	$	(64,748	)

	2020
	Before tax			Tax effect			Net of tax
	(In thousands)
Debt securities available for sale:
Changes in net unrealized gains arising during the year	$	125,519		$	(37,108	)	$	88,411
Reclassification of gains included in net income		(71	)		21			(50	)
Other comprehensive income	$	125,448		$	(37,087	)	$	88,361

	2019
	Before tax			Tax effect			Net of tax
	(In thousands)
Debt securities available for sale:
Changes in net unrealized gains arising during the year	$	93,936		$	(27,771	)	$	66,165
Reclassification of gains included in net income		(167	)		49			(118	)
Other comprehensive income	$	93,769		$	(27,722	)	$	66,047

Accumulated other comprehensive income (loss) balances were:

	Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance, December 31, 2018	$	(39,996	)
Changes in unrealized (losses) gains on debt securities available for sale, net of tax		66,047
Balance, December 31, 2019		26,051
Changes in unrealized gains on debt securities available for sale, net of tax		88,361
Balance, December 31, 2020		114,412
Changes in unrealized gains on debt securities available for sale, net of tax		(64,748	)
Balance, December 31, 2021	$	49,664