ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2022

NOTE 6 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income for the Company consists of changes in net unrealized gains and losses on investment securities available-for-sale. The reclassification for gains included in net income is recorded in net gain (loss) on securities in the consolidated statement of income and comprehensive income.

The following table presents a summary of the accumulated other comprehensive income balances as well as changes in each of the respective components, net of tax, for the periods indicated:


(dollars in thousands)	Unrealized Gain (Loss) on Securities		Accumulated Other Comprehensive Income (Loss)
Three Months Ended June 30, 2022
Balance, March 31, 2022	$	(1,841)	$	(1,841)
Reclassification for gains included in net income, net of tax	—		—
Current year changes, net of tax	(10,794)		(10,794)
Balance, June 30, 2022	$	(12,635)	$	(12,635)

Three Months Ended June 30, 2021
Balance, March 31, 2021	$	26,090	$	26,090
Reclassification for gains included in net income, net of tax	—		—
Current year changes, net of tax	(1,066)		(1,066)
Balance, June 30, 2021	$	25,024	$	25,024

Six Months Ended June 30, 2022
Balance, December 31, 2021	$	15,590	$	15,590
Reclassification for gains included in net income, net of tax	—		—
Current year changes, net of tax	(28,225)		(28,225)
Balance, June 30, 2022	$	(12,635)	$	(12,635)

Six Months Ended June 30, 2021
Balance, December 31, 2020	$	33,505	$	33,505
Reclassification for gains included in net income, net of tax	—		—
Current year changes, net of tax	(8,481)		(8,481)
Balance, June 30, 2021	$	25,024	$	25,024