Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes activity in the unrealized gain or loss on available for sale securities included in OCI for the six months and quarters ended June 30, 2023 and 2022.

	For the six months ended June 30,				For the quarter ended June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	(44,718,000)	$	(1,718,000)	$	(40,537,000)	$	(20,061,000)
Unrealized gains (losses) arising during the period	1,186,000		(39,337,000)		(4,106,000)		(16,120,000)
Reclassification of net realized (gains) losses during the period	—		(1,000)		—		1,000
Related deferred taxes	(249,000)		8,261,000		862,000		3,385,000
Net change	937,000		(31,077,000)		(3,244,000)		(12,734,000)
Balance at end of period	$	(43,781,000)	$	(32,795,000)	$	(43,781,000)	$	(32,795,000)

The following table summarizes activity in the unrealized loss on securities transferred from available for sale to held to maturity included in OCI for the six months and quarters ended June 30, 2023 and 2022.

	For the six months ended June 30,				For the quarter ended June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	(64,000)	$	(87,000)	$	(60,000)	$	(78,000)
Amortization of net unrealized gains	6,000		18,000		1,000		6,000
Related deferred taxes	(1,000)		(4,000)		—		(1,000)
Net change	5,000		14,000		1,000		5,000
Balance at end of period	$	(59,000)	$	(73,000)	$	(59,000)	$	(73,000)

The following table presents the effect of the Company's derivative financial instruments included in OCI for the six months and quarters ended June 30, 2023 and 2022.

	For the six months ended June 30,				For the quarter ended June 30,
	2023		2022		2023		2022
Balance at beginning of period	$	544,000	$	—	$	(2,192,000)	$	—
Unrealized gains on cash flow hedging derivatives arising during the period	172,000		185,000		3,635,000		185,000
Related deferred taxes	(36,000)		(39,000)		(763,000)		(39,000)
Net change	136,000		146,000		2,872,000		146,000
Balance at end of period	$	680,000	$	146,000	$	680,000	$	146,000