Stockholders' Equity and Earnings per Common Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2024 and 2023, respectively.

	Three Months Ended					Nine Months Ended
	September 30,					September 30,					Affected Line Item on Consolidated Statement of Income
(dollars in thousands)	2024		2023			2024		2023
Sale of securities
Realized gain (loss) on sale of securities	$	-	$	30		$	-	$	(134	)	Loss on sale of securities, net
Tax effect		-		(6	)		-		28		Income tax expense
	$	-	$	24		$	-	$	(106	)

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 September 30, 2024
Balance at beginning of period	$	(17,298	)	$	(17,298	)
Net other comprehensive income		3,974			3,974
Balance at end of period	$	(13,324	)	$	(13,324	)
Three Months Ended September 30, 2023
Balance at beginning of period	$	(19,757	)	$	(19,757	)
Net other comprehensive loss		(3,883	)		(3,883	)
Balance at end of period	$	(23,640	)	$	(23,640	)

(dollars in thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Accumulated Other Comprehensive (Loss) Income
Nine Months Ended September 30, 2024
Balance at beginning of period	$	(17,530	)	$	(17,530	)
Net other comprehensive income		4,206			4,206
Balance at end of period	$	(13,324	)	$	(13,324	)
Nine Months Ended September 30, 2023
Balance at beginning of period	$	(20,767	)	$	(20,767	)
Net other comprehensive loss		(2,873	)		(2,873	)
Balance at end of period	$	(23,640	)	$	(23,640	)

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 September 30, 2024
(dollars in thousands)	Pretax		Tax			Net-of-Tax
Unrealized gains on available-for-sale securities:
Unrealized holding gains arising during the period	$	5,030	$	(1,056	)	$	3,974
Total change in accumulated other comprehensive loss, net	$	5,030	$	(1,056	)	$	3,974

	Three Months Ended September 30, 2023
(dollars in thousands)	Pretax			Tax		Net-of-Tax
Unrealized losses on available-for-sale securities:
Unrealized holding losses arising during the period	$	(4,885	)	$	1,026	$	(3,859	)
Reclassification adjustment for gains recognized in income		(30	)		6		(24	)
		(4,915	)		1,032		(3,883	)
Total change in accumulated other comprehensive loss, net	$	(4,915	)	$	1,032	$	(3,883	)

	Nine Months Ended September 30, 2024
(dollars in thousands)	Pretax		Tax			Net-of-Tax
Unrealized gains on available-for-sale securities:
Unrealized holding gains arising during the period	$	5,324	$	(1,118	)	$	4,206
Total change in accumulated other comprehensive loss, net	$	5,324	$	(1,118	)	$	4,206

	Nine Months Ended September 30, 2023
(dollars in thousands)	Pretax			Tax			Net-of-Tax
Unrealized losses on available-for-sale securities:
Unrealized holding losses arising during the period	$	(3,771	)	$	792		$	(2,979	)
Reclassification adjustment for losses recognized in income		134			(28	)		106
		(3,637	)		764			(2,873	)
Total change in accumulated other comprehensive loss, net	$	(3,637	)	$	764		$	(2,873	)