Note 16 - Components of Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 16: Components of Accumulated Other Comprehensive Loss

The following table summarizes the activity related to each component of accumulated other comprehensive loss for the years ended December 31, 2024 and 2023:

	Net Unrealized Loss on Securities			Adjustments Related to Pension Benefits			Accumulated Other Comprehensive Loss
Balance at December 31, 2022	$	(81,421	)	$	(2,345	)	$	(83,766	)
Unrealized holding gain on available for sale securities, net of    tax of $4,315		16,233			-			16,233
Reclassification adjustment, net of tax of $700		2,632			-			2,632
Net pension gain, net of tax of $9		-			35			35
Balance at December 31, 2023	$	(62,556	)	$	(2,310	)	$	(64,866	)
Unrealized holding gain on available for sale securities, net of    tax of $124		463			-			463
Net pension gain, net of tax of $701		-			2,638			2,638
Balance at December 31, 2024	$	(62,093	)	$	328		$	(61,765	)

The following table provides detail on reclassifications out of accumulated other comprehensive loss for the years indicated:

	December 31,
Component of Accumulated Other Comprehensive Loss	2024		2023
Reclassification out of unrealized gain on available for sale securities:
Realized securities loss, net	$	-	$	(3,332	)
Income tax benefit		-		700
Realized loss on available for sale securities, net of tax, reclassified out of    accumulated other comprehensive loss	$	-	$	(2,632	)