Note 15 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 15 – Accumulated Other Comprehensive Income (Loss)

There were no re-classifications out of accumulated other comprehensive income ("AOCI") for the three and nine months ended September 30, 2022 or 2021. Changes in each component of AOCI for the three and nine months ended September 30, 2022 and 2021 were as follows (dollars in thousands):

For the Three Months Ended	Net Unrealized Gains (Losses) on Securities			Unrealized Gains (Losses) on Cash Flow Hedges			Adjustments Related to Pension Benefits			Accumulated Other Comprehensive Income (Loss)
Balance at June 30, 2021	$	4,430		$	(2,761	)	$	(1,637	)	$	32
Net unrealized losses on securities available for sale, net of tax, $(474)		(1,717	)		—			—			(1,717	)
Net unrealized gains on cash flow hedges, net of tax, $49		—			181			—			181
Balance at September 30, 2021	$	2,713		$	(2,580	)	$	(1,637	)	$	(1,504	)
Balance at June 30, 2022	$	(37,886	)	$	30		$	(1,162	)	$	(39,018	)
Net unrealized losses on securities available for sale, net of tax, $(5,448)		(19,786	)		—			—			(19,786	)
Net unrealized gains on cash flow hedges, net of tax, $306		—			1,153			—			1,153
Balance at September 30, 2022	$	(57,672	)	$	1,183		$	(1,162	)	$	(57,651	)

For the Nine Months Ended	Net Unrealized Gains (Losses) on Securities			Unrealized Gains (Losses) on Cash Flow Hedges			Adjustments Related to Pension Benefits			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2020	$	7,920		$	(3,846	)	$	(1,637	)	$	2,437
Net unrealized losses on securities available for sale, net of tax, $(1,450)		(5,207	)		—			—			(5,207	)
Net unrealized gains on cash flow hedges, net of tax, $337		—			1,266			—			1,266
Balance at September 30, 2021	$	2,713		$	(2,580	)	$	(1,637	)	$	(1,504	)
Balance at December 31, 2021	$	(1,701	)	$	(2,212	)	$	(1,162	)	$	(5,075	)
Net unrealized losses on securities available for sale, net of tax, $(15,410)		(55,971	)		—			—			(55,971	)
Net unrealized gains on cash flow hedges, net of tax, $902		—			3,395			—			3,395
Balance at September 30, 2022	$	(57,672	)	$	1,183		$	(1,162	)	$	(57,651	)