ACCUMULATED OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 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 September 30, 2024
Balance, June 30, 2024	$	(38,020)

Unrealized gain on debt securities available-for-sale, net of tax	22,296
Balance, September 30, 2024	$	(15,724)

Three Months Ended September 30, 2023
Balance, June 30, 2023	$	(50,618)

Unrealized loss on debt securities available-for-sale, net of tax	(10,200)
Balance, September 30, 2023	$	(60,818)

Nine Months Ended September 30, 2024
Balance, December 31, 2023	$	(35,939)

Unrealized gain on debt securities available-for-sale, net of tax	20,215
Balance, September 30, 2024	$	(15,724)

Nine Months Ended September 30, 2023
Balance, December 31, 2022	$	(46,507)

Unrealized loss on debt securities available-for-sale, net of tax	(14,311)
Balance, September 30, 2023	$	(60,818)