| Component of Other Comprehensive Income (Loss) |
The tax effects allocated to each component of other comprehensive income (loss) were as follows: | | | | | | | | | | | | | | | | | | | Before Tax
Amount | | Tax Expense,
(Benefit) | | Net of Tax
Amount | | 2022 | | | | | | | Securities available for sale and transferred securities: | | | | | | | Change in net unrealized gain/loss during the period | $ | (2,143,567) | | | $ | (450,149) | | | $ | (1,693,418) | | | Change in net unrealized gain on securities transferred to held to maturity | (737) | | | (155) | | | (582) | | | Reclassification adjustment for net (gains) losses included in net income | — | | | — | | | — | | | Total securities available for sale and transferred securities | (2,144,304) | | | (450,304) | | | (1,694,000) | | | Defined-benefit post-retirement benefit plans: | | | | | | | Change in the net actuarial gain/loss | (5,005) | | | (1,051) | | | (3,954) | | | Reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost (benefit) | 2,964 | | | 622 | | | 2,342 | | | Total defined-benefit post-retirement benefit plans | (2,041) | | | (429) | | | (1,612) | | | Total other comprehensive income (loss) | $ | (2,146,345) | | | $ | (450,733) | | | $ | (1,695,612) | | | | | | | | | 2021 | | | | | | | Securities available for sale and transferred securities: | | | | | | | Change in net unrealized gain/loss during the period | $ | (231,355) | | | $ | (48,585) | | | $ | (182,770) | | | Change in net unrealized gain on securities transferred to held to maturity | (971) | | | (204) | | | (767) | | | Reclassification adjustment for net (gains) losses included in net income | (69) | | | (14) | | | (55) | | | Total securities available for sale and transferred securities | (232,395) | | | (48,803) | | | (183,592) | | | Defined-benefit post-retirement benefit plans: | | | | | | | Change in the net actuarial gain/loss | 16,593 | | | 3,485 | | | 13,108 | | | Reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost (benefit) | 6,116 | | | 1,284 | | | 4,832 | | | Total defined-benefit post-retirement benefit plans | 22,709 | | | 4,769 | | | 17,940 | | | Total other comprehensive income (loss) | $ | (209,686) | | | $ | (44,034) | | | $ | (165,652) | | | | | | | | | 2020 | | | | | | | Securities available for sale and transferred securities: | | | | | | | Change in net unrealized gain/loss during the period | $ | 427,331 | | | $ | 89,741 | | | $ | 337,590 | | | Change in net unrealized gain on securities transferred to held to maturity | (1,256) | | | (264) | | | (992) | | | Reclassification adjustment for net (gains) losses included in net income | (108,989) | | | (22,888) | | | (86,101) | | | Total securities available for sale and transferred securities | 317,086 | | | 66,589 | | | 250,497 | | | Defined-benefit post-retirement benefit plans: | | | | | | | Change in the net actuarial gain/loss | (11,518) | | | (2,419) | | | (9,099) | | | Reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost (benefit) | 5,319 | | | 1,117 | | | 4,202 | | | Total defined-benefit post-retirement benefit plans | (6,199) | | | (1,302) | | | (4,897) | | | Total other comprehensive income (loss) | $ | 310,887 | | | $ | 65,287 | | | $ | 245,600 | |
|
| Schedule of Accumulated Other Comprehensive Income, Net of Tax |
Activity in accumulated other comprehensive income, net of tax, was as follows: | | | | | | | | | | | | | | | | | | | | | Securities
Available
For Sale | | Defined
Benefit
Plans | | | | Accumulated
Other
Comprehensive
Income | | Balance January 1, 2022 | $ | 380,209 | | | $ | (32,891) | | | | | $ | 347,318 | | Other comprehensive income (loss) before reclassification | (1,694,000) | | | (3,954) | | | | | (1,697,954) | | Reclassification of amounts included in net income | — | | | 2,342 | | | | | 2,342 | | | Net other comprehensive income (loss) during period | (1,694,000) | | | (1,612) | | | | | (1,695,612) | | | Balance December 31, 2022 | $ | (1,313,791) | | | $ | (34,503) | | | | | $ | (1,348,294) | | | | | | | | | | | Balance January 1, 2021 | $ | 563,801 | | | $ | (50,831) | | | | | $ | 512,970 | | Other comprehensive income (loss) before reclassification | (183,537) | | | 13,108 | | | | | (170,429) | | Reclassification of amounts included in net income | (55) | | | 4,832 | | | | | 4,777 | | | Net other comprehensive income (loss) during period | (183,592) | | | 17,940 | | | | | (165,652) | | | Balance December 31, 2021 | $ | 380,209 | | | $ | (32,891) | | | | | $ | 347,318 | | | | | | | | | | | Balance January 1, 2020 | $ | 313,304 | | | $ | (45,934) | | | | | $ | 267,370 | | Other comprehensive income (loss) before reclassification | 336,598 | | | (9,099) | | | | | 327,499 | | Reclassification of amounts included in net income | (86,101) | | | 4,202 | | | | | (81,899) | | | Net other comprehensive income (loss) during period | 250,497 | | | (4,897) | | | | | 245,600 | | | Balance December 31, 2020 | $ | 563,801 | | | $ | (50,831) | | | | | $ | 512,970 | |
|