Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Comprehensive Income (Loss)

Note 2 – Comprehensive Income (Loss)

The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale.

The following table presents the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2023 and 2022:

	For the three months ended March 31,
	2023			2022
	(dollars in thousands)
Beginning balance	$	(31,765	)	$	(1,151	)
Other comprehensive income (loss) before reclassifications,    net of ($1,359) and $4,213 tax effect, respectively		4,505			(14,109	)
Amounts reclassified from accumulated other comprehensive income,    net of ($17) and ($19) tax effect, respectively		41			72
Net current-period other comprehensive income (loss)		4,546			(14,037	)
Ending balance	$	(27,219	)	$	(15,188	)