Note 9 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

9. Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes within each classification of accumulated other comprehensive income (loss), net of tax, for the three month periods ended September 30, 2022 and 2021 and summarizes the significant amounts reclassified out of each component of accumulated other comprehensive income (loss):

(Dollar amounts in thousands)	Unrealized Gains and Losses on Available-for-Sale Securities			Defined Benefit Pension Items			Totals
Accumulated Other Comprehensive Income (Loss) at July 1, 2022	$	(19,959	)	$	(5,071	)	$	(25,030	)
Other comprehensive income before reclassification		(7,442	)		—			(7,442	)
Amounts reclassified from accumulated other comprehensive income (loss)		143			—			143
Net current period other comprehensive income (loss)		(7,299	)		—			(7,299	)
Accumulated Other Comprehensive Income (Loss) at September 30, 2022	$	(27,258	)	$	(5,071	)	$	(32,329	)

(Dollar amounts in thousands)	Amount Reclassified
	from Accumulated Other Comprehensive Income
Details about Accumulated Other Comprehensive (Income) Loss Components	For the three months ended September 30, 2022			Affected Line Item in the Statement Where Net Income is Presented
Unrealized gains and losses on available-for-sale securities	$	181		Net gain on sale of available-for-sale securities
Tax effect		(38	)	Provision for income taxes
Total reclassifications for the period	$	143		Net of tax

(Dollar amounts in thousands)	Unrealized Gains and Losses on Available-for-Sale Securities			Defined Benefit Pension Items			Totals
Accumulated Other Comprehensive Income (Loss) at July 1, 2021	$	1,368		$	(5,704	)	$	(4,336	)
Other comprehensive income before reclassification		(1,329	)		—			(1,329	)
Amounts reclassified from accumulated other comprehensive income (loss)		(134	)		—			(134	)
Net current period other comprehensive income (loss)		(1,463	)		—			(1,463	)
Accumulated Other Comprehensive Income (Loss) at September 30, 2021	$	(95	)	$	(5,704	)	$	(5,799	)

(Dollar amounts in thousands)	Amount Reclassified
	from Accumulated Other Comprehensive Income
Details about Accumulated Other Comprehensive (Income) Loss Components	For the three months ended September 30, 2021			Affected Line Item in the Statement Where Net Income is Presented
Unrealized gains and losses on available-for-sale securities	$	(170	)	Net gain on sale of available-for-sale securities
Tax effect		36		Provision for income taxes
Total reclassifications for the period	$	(134	)	Net of tax

The following tables summarize the changes within each classification of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2022 and 2021 and summarizes the significant amounts reclassified out of each component of accumulated other comprehensive income (loss):

(Dollar amounts in thousands)	Unrealized Gains and Losses on Available-for-Sale Securities			Defined Benefit Pension Items			Totals
Accumulated Other Comprehensive Income (Loss) at January 1, 2022	$	(106	)	$	(5,071	)	$	(5,177	)
Other comprehensive income (loss) before reclassification		(27,369	)		—			(27,369	)
Amounts reclassified from accumulated other comprehensive income (loss)		217			—			217
Net current period other comprehensive income (loss)		(27,152	)		—			(27,152	)
Accumulated Other Comprehensive Income (Loss) at September 30, 2022	$	(27,258	)	$	(5,071	)	$	(32,329	)

(Dollar amount in thousands)	Amount Reclassified
	from Accumulated Other Comprehensive Income
Details about Accumulated Other	For the nine months ended			Affected Line Item in the Statement
Comprehensive (Income) Loss Components	September 30, 2022			Where Net Income is Presented
Unrealized gains and losses on available-for-sale securities	$	274		Net gain on sale of available-for-sale securities
Tax effect		(58	)	Provision for income taxes
Total security reclassifications for the period		217

(Dollar amounts in thousands)	Unrealized Gains and Losses on Available-for-Sale Securities			Defined Benefit Pension Items			Totals
Accumulated Other Comprehensive Income (Loss) at January 1, 2021	$	2,220		$	(5,704	)	$	(3,484	)
Other comprehensive income (loss) before reclassification		(2,157	)		—			(2,157	)
Amounts reclassified from accumulated other comprehensive income (loss)		(158	)		—			(158	)
Net current period other comprehensive income (loss)		(2,315	)		—			(2,315	)
Accumulated Other Comprehensive Income (Loss) at September 30, 2021	$	(95	)	$	(5,704	)	$	(5,799	)

(Dollar amount in thousands)	Amount Reclassified
	from Accumulated Other Comprehensive Income
Details about Accumulated Other	For the nine months ended			Affected Line Item in the Statement
Comprehensive (Income) Loss Components	September 30, 2021			Where Net Income is Presented
Unrealized gains and losses on available-for-sale securities	$	(201	)	Net gain on sale of available-for-sale securities
Tax effect		43		Provision for income taxes
Total security reclassifications for the period		(158	)