Note 5 - Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2024

Other Comprehensive Loss, Tax [Abstract]

Components of Accumulated Other Comprehensive Loss

The following shows the components of accumulated other comprehensive loss at June 30, 2024 and December 31, 2023:

	June 30,			December 31,
	2024			2023
Unrealized net holding losses on available-for-sale    securities	$	(88,088	)	$	(84,247	)
Unrealized net holding gains (losses) on fair value hedge		6,015			(1,749	)
Accumulated other loss		(82,073	)		(85,996	)
Tax effect		17,235			18,059
Accumulated other comprehensive loss, net of tax	$	(64,838	)	$	(67,937	)

Amounts Reclassified Out of Accumulated Other Comprehensive Loss

The following table presents amounts reclassified out of accumulated other comprehensive loss for the three and six months ended June 30, 2024 and 2023:

For the Three Months Ended June 30,	Amount reclassified from accumulated other comprehensive loss
Details about accumulated other comprehensive loss	2024			2023			Affected line item in statement of income
Unrealized net holding losses on available-for-sale securities	$	(1,096	)	$	—		Net gain (loss) on sales of investments available-for-sale
Fair value remeasurements on fair value hedges		52			(38	)	Interest and dividends on available-for-sale & equity securities
		(1,044	)		(38	)
Tax effect		218			8		Provision for income taxes
Total reclassification out of accumulated other comprehensive loss, net of tax	$	(826	)	$	(30	)	Net of tax

For the Six Months Ended June 30,	Amount reclassified from accumulated other comprehensive loss
Details about accumulated other comprehensive loss	2024			2023			Affected line item in statement of income
Unrealized net holding (losses) gains on available-for-sale securities	$	(1,096	)	$	(257	)	Net gain (loss) on sales of investments available-for-sale
Fair value remeasurements on fair value hedges		(22	)		(38	)	Interest and dividends on available-for-sale & equity securities
		(1,118	)		(295	)
Tax effect		235			62		Provision for income taxes
Total reclassification out of accumulated other comprehensive loss, net of tax	$	(883	)	$	(233	)	Net of tax