Note 10 - Changes in Accumulated Other Comprehensive (Loss) Income by Component (1)

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 10: Changes in Accumulated Other Comprehensive (Loss) Income By Component (1)

The following table presents the changes in accumulated other comprehensive (loss) income by component for the three and nine months ended September 30, 2022 and 2021, and the year ended December 31, 2021.

	Unrealized Gains (Losses) on Available- For-Sale Securities			Unrealized Holding Losses on Securities Transferred From Available-For-Sale To Held-To-Maturity			Total
(dollars in thousands)
Balance July 1, 2022	$	(106,668	)	$	(1,664	)	$	(108,332	)
Unrealized loss on securities		(45,277	)		-			(45,277	)
Amounts reclassified from accumulated other comprehensive (loss) income to net income (2)		34			133			167
Net current-period other comprehensive (loss) income		(45,243	)		133			(45,110	)
Total change in accumulated other comprehensive (loss) income		(45,243	)		133			(45,110	)
Balance September 30, 2022	$	(151,911	)	$	(1,531	)	$	(153,442	)
Balance July 1, 2021	$	(177	)	$	(2,697	)	$	(2,874	)
Unrealized loss on securities		(3,104	)		-			(3,104	)
Amounts reclassified from accumulated other comprehensive (loss) income to net income (2)		-			374			374
Net current-period other comprehensive income		(3,104	)		374			(2,730	)
Total change in accumulated other comprehensive income		(3,104	)		374			(2,730	)
Balance September 30, 2021	$	(3,281	)	$	(2,323	)	$	(5,604	)
Balance January 1, 2022	$	(8,662	)	$	(2,012	)	$	(10,674	)
Unrealized loss on securities		(143,283	)		-			(143,283	)
Amounts reclassified from accumulated other comprehensive (loss) income to net income (2)		34			481			515
Net current-period other comprehensive (loss) income		(143,249	)		481			(142,768	)
Total change in accumulated other comprehensive (loss) income		(143,249	)		481			(142,768	)
Balance September 30, 2022	$	(151,911	)	$	(1,531	)	$	(153,442	)
Balance January 1, 2021	$	985		$	(3,814	)	$	(2,829	)
Unrealized loss on securities		(4,265	)		-			(4,265	)
Amounts reclassified from accumulated other comprehensive income (loss) to net income (2)		(1	)		1,491			1,490
Net current-period other comprehensive (loss) income		(4,266	)		1,491			(2,775	)
Total change in accumulated other comprehensive (loss) income		(4,266	)		1,491			(2,775	)
Balance September 30, 2021	$	(3,281	)	$	(2,323	)	$	(5,604	)

(1) All amounts are net of tax. Amounts in parentheses indicate reductions to other comprehensive income.

(2) Reclassification amounts are reported as gains on sales of investment securities, impairment losses, and amortization of net unrealized losses on the Consolidated Statement of Income.