Note 11 – Other Comprehensive Income (Loss) In addition to presenting the consolidated statements of other comprehensive income (loss) herein, the following table shows the tax effects allocated to the Company’s single component of other comprehensive income (loss) for the periods presented:
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For the Three Months June 30, 2025 |
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For the Three Months June 30, 2024 |
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Pre-Tax Amount |
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Tax Expense |
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Net of Tax Amount |
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Pre-Tax Amount |
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Tax Benefit |
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Net of Tax Amount |
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(Unaudited) |
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(Dollars in thousands) |
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Net unrealized gains (losses) on securities available for sale: |
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Net unrealized gains (losses) arising during the period |
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$ |
271 |
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$ |
(57 |
) |
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$ |
214 |
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$ |
(530 |
) |
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$ |
111 |
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$ |
(419 |
) |
Less: reclassification adjustment related to: |
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Recovery on previously impaired investment securities included in net income |
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(1 |
) |
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— |
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(1 |
) |
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(3 |
) |
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1 |
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(2 |
) |
Total Other Comprehensive Income (Loss) |
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$ |
270 |
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$ |
(57 |
) |
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$ |
213 |
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$ |
(533 |
) |
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$ |
112 |
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$ |
(421 |
) |
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For the Six Months June 30, 2025 |
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For the Six Months June 30, 2024 |
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Pre-Tax Amount |
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Tax (Expense) |
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Net of Tax Amount |
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Pre-Tax Amount |
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Tax Benefit |
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Net of Tax Amount |
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(Unaudited) |
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(Dollars in thousands) |
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Net unrealized gains (losses) on securities available for sale: |
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Net unrealized gains (losses) arising during the period |
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$ |
288 |
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$ |
(60 |
) |
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$ |
228 |
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$ |
(1,539 |
) |
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$ |
322 |
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$ |
(1,217 |
) |
Less: reclassification adjustment related to: |
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Recovery on previously impaired investment securities included in net income |
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(2 |
) |
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— |
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(2 |
) |
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(3 |
) |
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1 |
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$ |
(2 |
) |
Total Other Comprehensive Income (Loss) |
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$ |
286 |
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$ |
(60 |
) |
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$ |
226 |
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$ |
(1,542 |
) |
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$ |
323 |
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$ |
(1,219 |
) |
The following table presents the amounts reclassified out of the single component of the Company’s accumulated other comprehensive loss for the indicated periods:
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Amounts Reclassified from Accumulated |
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Details about Accumulated Other |
Other Comprehensive Loss |
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Affected Line Item |
Comprehensive Income (Loss) |
for the three months ended June 30, |
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on the Consolidated |
Components |
2025 |
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2024 |
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Statements of Income |
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(Dollars in thousands) |
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Net unrealized (gains) losses on securities available for sale: |
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Recovery on previously impaired investment securities |
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(1 |
) |
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(3 |
) |
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Recovery on previously impaired investment securities |
Provision for income tax expense |
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— |
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1 |
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Income tax expense |
Total reclassification for the period |
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$ |
(1 |
) |
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$ |
(2 |
) |
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Increase to Net Income |
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Amounts Reclassified from Accumulated |
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Details about Accumulated Other |
Other Comprehensive Loss |
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Affected Line Item |
Comprehensive Income (Loss) |
for the six months ended June 30, |
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on the Consolidated |
Components |
2025 |
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2024 |
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Statements of Income |
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(Dollars in thousands) |
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Net unrealized (gains) losses on securities available for sale: |
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Recovery on previously impaired investment securities |
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$ |
(2 |
) |
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$ |
(3 |
) |
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Recovery on previously impaired investment securities |
Provision for income tax expense |
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— |
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1 |
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Income tax expense |
Total reclassification for the period |
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$ |
(2 |
) |
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$ |
(2 |
) |
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Increase to Net Income |
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