Note 19 – Other Comprehensive Income (Loss) In addition to presenting the consolidated statements of 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 Year Ended December 31, 2025 |
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For the Year Ended December 31, 2024 |
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Pre-Tax Amount |
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Tax (Expense) / Benefit |
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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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(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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$ |
2,876 |
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$ |
(604 |
) |
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$ |
2,272 |
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$ |
(726 |
) |
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$ |
152 |
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$ |
(574 |
) |
Less: reclassification adjustment related to: |
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Gain on sale of securities included in net income |
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(10 |
) |
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2 |
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(8 |
) |
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— |
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— |
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$ |
— |
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Recovery on previously impaired investment securities included in net income |
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(4 |
) |
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1 |
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(3 |
) |
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(6 |
) |
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1 |
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$ |
(5 |
) |
Total Other Comprehensive Income (Loss) |
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$ |
2,862 |
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$ |
(601 |
) |
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$ |
2,261 |
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$ |
(732 |
) |
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$ |
153 |
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$ |
(579 |
) |
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 Loss |
For the Years Ended December 31, |
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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 on securities available for sale: |
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Gain on sale of securities included in net income |
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$ |
(10 |
) |
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$ |
— |
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Gain on sale of securities available for sale |
Recovery on previously impaired investment securities |
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(4 |
) |
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(6 |
) |
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Recovery on previously impaired investment securities |
Provision for income tax expense |
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3 |
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1 |
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Income tax expense |
Total reclassification for the period |
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$ |
(11 |
) |
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$ |
(5 |
) |
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Increase to Net Income |
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