Note 3 - Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE 3 Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) and the related tax effects were as follows:

	For the Years Ended December 31,
	2023						2022
(Dollars in thousands)	Before Tax		Tax Effect (1)		Net of Tax		Before Tax			Tax Effect			Net of Tax
Securities available for sale:
Unrealized gains (losses) arising during the period	$	7,916		1,346		6,570		(24,098	)		(5,920	)		(18,178	)
Other comprehensive income (loss)	$	7,916		1,346		6,570		(24,098	)		(5,920	)		(18,178	)

⁽¹⁾ The tax effect on gross unrealized gains (losses) was impacted by a change in the effective tax rate used in 2023 to allocate the total unrealized gains on securities between the deferred tax asset and other comprehensive income.