Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Loss

NOTE 16 – ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents the changes in accumulated other comprehensive (loss) income by component net of tax for the years ended December 31, 2023, and 2022:

(Dollars in thousands)	Pretax			Tax Effect			After-Tax
BALANCE AS OF DECEMBER 31, 2021	$	(2,691	)	$	566		$	(2,125	)
Unrealized holding loss on available-for-sale    securities arising during the period		(13,952	)		2,930			(11,022	)
Amortization of held-to-maturity discount resulting    from transfer		289			(61	)		228
Total other comprehensive loss		(13,663	)		2,869			(10,794	)
BALANCE AS OF DECEMBER 31, 2022	$	(16,354	)	$	3,435		$	(12,919	)
Unrealized holding gain on available-for-sale    securities arising during the period		3,168			(666	)		2,502
Amortization of held-to-maturity discount resulting    from transfer		187			(40	)		147
Total other comprehensive income		3,355			(706	)		2,649
BALANCE AS OF DECEMBER 31, 2023	$	(12,999	)	$	2,729		$	(10,270	)