NOTE 13 – OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the tax effect on each component of “Other comprehensive income (loss)” for the three months ended March 31, 2026 and 2025 (in thousands). | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Three Months Ended | | | March 31, 2026 | | March 31, 2025 | | | Before Tax Amount | | Tax Benefit (Expense) | | Net of Tax Amount | | Before Tax Amount | | Tax Benefit (Expense) | | Net of Tax Amount | Unrealized holding gains (losses) on investments | | $ | (524) | | $ | 116 | | $ | (408) | | $ | 468 | | $ | (104) | | $ | 364 | Other comprehensive income (loss) | | $ | (524) | | $ | 116 | | $ | (408) | | $ | 468 | | $ | (104) | | $ | 364 |
The “Accumulated other comprehensive income (loss)” is detailed in the following table, net of tax (in thousands). | | | | | | | | | | Accumulated Other Comprehensive Income (Loss) | | Unrealized holding gains (losses) on investments | | Defined benefit pension plan net gains (loss) | | Total | Balance at December 31, 2024 | | $ | (1,199) | | $ | 6,150 | | $ | 4,951 | Other comprehensive income (loss) before reclassification | | | (441) | | | — | | | (441) | Amounts reclassified from accumulated other comprehensive income (loss) | | | 805 | | | — | | | 805 | Balance at March 31, 2025 | | $ | (835) | | $ | 6,150 | | $ | 5,315 | | | | | | | | | | | Balance at December 31, 2025 | | $ | (129) | | $ | 7,308 | | $ | 7,179 | Other comprehensive income (loss) before reclassification | | | (1,106) | | | — | | | (1,106) | Amounts reclassified from accumulated other comprehensive income (loss) | | | 698 | | | — | | | 698 | Balance at March 31, 2026 | | $ | (537) | | $ | 7,308 | | $ | 6,771 |
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