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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 7- ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three and six months ended June 30, 2021 and 2020:

 

(Dollars in thousands)

 

Pretax

 

 

Tax Effect

 

 

After-tax

 

Three Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2021

 

$

(2,342

)

 

$

492

 

 

$

(1,850

)

Unrealized holding gain on available-for-sale securities arising during

   the period

 

 

1,649

 

 

 

(346

)

 

 

1,303

 

Amortization of held-to-maturity discount resulting from transfer

 

 

16

 

 

 

(4

)

 

 

12

 

Total other comprehensive income

 

 

1,665

 

 

 

(350

)

 

 

1,315

 

Balance as of June 30, 2021

 

$

(677

)

 

$

142

 

 

$

(535

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

1,249

 

 

$

(263

)

 

$

986

 

Unrealized holding loss on available-for-sale securities arising during

   the period

 

 

(1,958

)

 

 

411

 

 

 

(1,547

)

Amortization of held-to-maturity discount resulting from transfer

 

 

32

 

 

 

(6

)

 

 

26

 

Total other comprehensive loss

 

 

(1,926

)

 

 

405

 

 

 

(1,521

)

Balance as of June 30, 2021

 

$

(677

)

 

$

142

 

 

$

(535

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months ended June 30,2020

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31,2020

 

$

646

 

 

$

(136

)

 

$

510

 

Unrealized holding gain on available-for-sale securities arising during

   the period

 

 

617

 

 

 

(130

)

 

 

487

 

Amortization of held-to-maturity discount resulting from transfer

 

 

16

 

 

 

(3

)

 

 

13

 

Total other comprehensive income

 

 

633

 

 

 

(133

)

 

 

500

 

Balance as of June 30, 2020

 

$

1,279

 

 

$

(269

)

 

$

1,010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

92

 

 

$

(20

)

 

$

72

 

Unrealized holding gain on available-for-sale securities arising during

   the period

 

 

1,157

 

 

 

(243

)

 

 

914

 

Amortization of held-to-maturity discount resulting from transfer

 

 

30

 

 

 

(6

)

 

 

24

 

Total other comprehensive income

 

 

1,187

 

 

 

(249

)

 

 

938

 

Balance as of June 30, 2020

 

$

1,279

 

 

$

(269

)

 

$

1,010