Note 6 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE 6 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the changes in accumulated other comprehensive income (loss) (“AOCI”) by component, net of tax, for the three and nine months ended September 30, 2022, and 2021, respectively:

(Dollars in thousands)	Unrealized (losses)/gains on available-for-sale securities (a)
Balance as of June 30, 2022	$	(17,591	)
Other comprehensive loss		(7,489	)
Balance at September 30, 2022	$	(25,080	)
Balance as of December 31, 2021	$	3,462
Other comprehensive loss		(28,542	)
Balance at September 30, 2022	$	(25,080	)

(Dollars in thousands)	Unrealized (losses)/gains on available-for-sale securities (a)
Balance as of June 30, 2021	$	3,893
Other comprehensive loss		(283	)
Balance at September 30, 2021	$	3,610
Balance as of December 31, 2020	$	4,284
Other comprehensive loss		(674	)
Balance at September 30, 2021	$	3,610

(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.

There were no other reclassifications of amounts from accumulated other comprehensive income for the three and nine months ended September 30, 2022, and 2021.