ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2024

NOTE 5 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income (loss) for the Company consists of changes in net unrealized gains and losses on debt securities available-for-sale. The reclassification for gains (losses) on sale of securities 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 (loss) balances, net of tax, for the periods indicated:


(dollars in thousands)	Accumulated Other Comprehensive Income (Loss)
Three Months Ended June 30, 2024
Balance, March 31, 2024	$	(39,959)

Unrealized gain on debt securities available-for-sale, net of tax	1,939
Balance, June 30, 2024	$	(38,020)

Three Months Ended June 30, 2023
Balance, March 31, 2023	$	(35,581)

Unrealized loss on debt securities available-for-sale, net of tax	(15,037)
Balance, June 30, 2023	$	(50,618)

Six Months Ended June 30, 2024
Balance, December 31, 2023	$	(35,939)

Unrealized loss on debt securities available-for-sale, net of tax	(2,081)
Balance, June 30, 2024	$	(38,020)

Six Months Ended June 30, 2023
Balance, December 31, 2022	$	(46,507)

Unrealized loss on debt securities available-for-sale, net of tax	(4,111)
Balance, June 30, 2023	$	(50,618)