Stockholders' Equity and Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2024

Stockholders' Equity and Earnings Per Common Share [Abstract]

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss), by Category

The following tables present amounts reclassified out of accumulated other comprehensive income (loss), by category, during the three and six months ended June 30, 2024 and 2023, respectively.

	Three Months Ended					Six Months Ended
	June 30,					June 30,					Affected Line Item on Consolidated Statement of Income
(dollars in thousands)	2024		2023			2024		2023
Sale of securities
Realized loss on sale of securities	$	-	$	(164	)	$	-	$	(164	)	Loss on sale of securities, net
Tax effect		-		34			-		34		Income tax expense
	$	-	$	(130	)	$	-	$	(130	)

Changes in Accumulated Other Comprehensive Income (Loss), by Category

The following table presents the changes in accumulated other comprehensive income (loss), by category, net of tax, for the periods indicated:

(dollars in thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Accumulated Other Comprehensive (Loss) Income
Three Months Ended June 30, 2024
Balance at beginning of period	$	(17,798	)	$	(17,798	)
Net other comprehensive income		500			500
Balance at end of period	$	(17,298	)	$	(17,298	)
Three Months Ended June 30, 2023
Balance at beginning of period	$	(18,435	)	$	(18,435	)
Net other comprehensive loss		(1,322	)		(1,322	)
Balance at end of period	$	(19,757	)	$	(19,757	)

(dollars in thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Accumulated Other Comprehensive (Loss) Income
Six Months Ended June 30, 2024
Balance at beginning of period	$	(17,530	)	$	(17,530	)
Net other comprehensive income		232			232
Balance at end of period	$	(17,298	)	$	(17,298	)
Six Months Ended June 30, 2023
Balance at beginning of period	$	(20,767	)	$	(20,767	)
Net other comprehensive income		1,010			1,010
Balance at end of period	$	(19,757	)	$	(19,757	)

Component of Accumulated Other Comprehensive Income (Loss) on Pre-Tax and After-Tax

The following tables present the change in each component of accumulated other comprehensive income (loss) on a pre-tax and after-tax basis for the periods indicated:

	Three Months Ended June 30, 2024
(dollars in thousands)	Pretax		Tax			Net-of-Tax
Unrealized gains on available-for-sale securities:
Unrealized holding gains arising during the period	$	633	$	(133	)	$	500
Total change in accumulated other comprehensive loss, net	$	633	$	(133	)	$	500

	Three Months Ended June 30, 2023
(dollars in thousands)	Pretax			Tax			Net-of-Tax
Unrealized losses on available-for-sale securities:
Unrealized holding losses arising during the period	$	(1,838	)	$	386		$	(1,452	)
Reclassification adjustment for losses recognized in income		164			(34	)		130
		(1,674	)		352			(1,322	)
Total change in accumulated other comprehensive loss, net	$	(1,674	)	$	352		$	(1,322	)

	Six Months Ended June 30, 2024
(dollars in thousands)	Pretax		Tax			Net-of-Tax
Unrealized gains on available-for-sale securities:
Unrealized holding gains arising during the period	$	294	$	(62	)	$	232
Total change in accumulated other comprehensive loss, net	$	294	$	(62	)	$	232

	Six Months Ended June 30, 2023
(dollars in thousands)	Pretax		Tax			Net-of-Tax
Unrealized gains on available-for-sale securities:
Unrealized holding gains arising during the period	$	1,114	$	(234	)	$	880
Reclassification adjustment for losses recognized in income		164		(34	)		130
		1,278		(268	)		1,010
Total change in accumulated other comprehensive loss, net	$	1,278	$	(268	)	$	1,010