Note 16 - Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2022

Other Comprehensive Income Loss Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 16 - Accumulated Other Comprehensive Income (Loss)

The following shows the components of accumulated other comprehensive income (loss) during the periods ended December 31, 2022, 2021 and 2020:

December 31,	2022			2021			2020
Unrealized net holding (losses) gains on    available-for-sale securities	$	(102,692	)	$	(4,734	)	$	7,151
Unrealized losses on available-for-sale securities    for which a portion of an other-than-temporary    impairment loss has been recognized in earnings		—			—			—
Accumulated other comprehensive (loss) income		(102,692	)		(4,734	)		7,151
Tax effect*		21,565			994			(1,502	)
Accumulated other comprehensive (loss) income,    net of tax	$	(81,127	)	$	(3,740	)	$	5,649
* At tax rates of 21%

The following table presents amounts reclassified out of accumulated other comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020:

	Amount reclassified from accumulated other comprehensive income (loss)
Details about accumulated other comprehensive income (loss)	2022			2021			2020			Affected line item in statement of income
Realized net holding (losses) gains on available-for-sale securities	$	(139	)	$	18		$	24		Net gain on sale of investment securities
Other-than-temporary impairment losses on    investment securities		—			—			—		Net other-than-temporary impairment losses on investment securities
Net (loss) gain  on sale of investment securities		(139	)		18			24
Tax effect*		29			(4	)		(5	)	Provision for income taxes
Total reclassification out of accumulated other    comprehensive (loss) income, net of tax	$	(110	)	$	14		$	19		Net of tax
*At rate of 21%