Note 20 - Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE 20 Other Comprehensive Income (Loss)

The following tables present a reconciliation of the changes in the components of other comprehensive income and loss for the periods indicated, including the amount of tax (expense) benefit allocated to each component:

		*For the three months ended*
		*June 30, 2026*												*June 30, 2025*
						*Tax*												*Tax*
		*Pre-Tax*				*(Expense)*				*After-Tax*				*Pre-Tax*				*(Expense)*				*After-Tax*
(dollars in thousands)		*Amount*				*Benefit*				*Amount*				*Amount*				*Benefit*				*Amount*
Debt Securities:
Change in fair value		$	(1,270	)		$	330			$	(940	)		$	4,628			$	(1,161	)		$	3,467
Less: reclassification adjustment from amortization of securities transferred from AFS to HTM ⁽¹⁾			12				(4	)			8				42				(10	)			32
Net change			(1,282	)			334				(948	)			4,586				(1,151	)			3,435
Cash Flow Hedges:
Change in fair value			278				(72	)			206				(147	)			37				(110	)
Less: reclassified AOCI gain (loss) into interest expense (2)			—				—				—				—				—				—
Net change			278				(72	)			206				(147	)			37				(110	)
Other Derivatives:
Change in fair value			—				—				—				110				(28	)			82
Other comprehensive income (loss)		$	(1,004	)		$	262			$	(742	)		$	4,549			$	(1,142	)		$	3,407

(1)	Reclassified into taxable and/or exempt from federal income taxes interest income on investment securities on the consolidated statements of income. Refer to “NOTE 3 Investment Securities” for further details.

(2)	Reclassified into interest expense on short-term borrowings on the consolidated statements of income. Refer to “NOTE 18 Derivative Instruments” for further details.

		*For the six months ended*
		*June 30, 2026*												*June 30, 2025*
						*Tax*												*Tax*
		*Pre-Tax*				*(Expense)*				*After-Tax*				*Pre-Tax*				*(Expense)*				*After-Tax*
(dollars in thousands)		*Amount*				*Benefit*				*Amount*				*Amount*				*Benefit*				*Amount*
Debt Securities:
Change in fair value		$	(4,883	)		$	1,293			$	(3,590	)		$	18,855			$	(4,733	)		$	14,122
Less: reclassification adjustment from amortization of securities transferred from AFS to HTM ⁽¹⁾			32				(10	)			22				95				(24	)			71
Net change			(4,915	)			1,303				(3,612	)			18,760				(4,709	)			14,051
Cash Flow Hedges:
Change in fair value			1,065				(276	)			789				(609	)			153				(456	)
Less: reclassified AOCI gain (loss) into interest expense (2)			—				—				—				(22	)			6				(16	)
Net change			1,065				(276	)			789				(587	)			147				(440	)
Other Derivatives:
Change in fair value			—				—				—				(123	)			31				(92	)
Other comprehensive income (loss)		$	(3,850	)		$	1,027			$	(2,823	)		$	18,050			$	(4,531	)		$	13,519

(1)	Reclassified into taxable and/or exempt from federal income taxes interest income on investment securities on the consolidated statements of income. Refer to “NOTE 3 Investment Securities” for further details.

(2)	Reclassified into interest expense on short-term borrowings on the consolidated statements of income. Refer to “NOTE 18 Derivative Instruments” for further details.

						*Net Unrealized*				*Net Unrealized*
		*Net Unrealized*				*Gains (Losses) on*				*Gains (Losses)*
		*Gains (Losses) on*				*Cash Flow*				*on Other*
(dollars in thousands)		Debt Securities ⁽¹⁾				Hedges ⁽¹⁾				Derivatives ⁽¹⁾				AOCI ⁽¹⁾
*For the Three Months Ended June 30, 2026*
Balance at March 31, 2026		$	(4,710	)		$	554			$	(81	)		$	(4,237	)
Other comprehensive income (loss) before reclassifications			(940	)			206				—				(734	)
Less: Amounts reclassified from AOCI			8				—				—				8
Less: reclassification adjustment for net realized losses			—				—				—				—
Other comprehensive income (loss)			(948	)			206				—				(742	)
Balance at June 30, 2026		$	(5,658	)			760				(81	)			(4,979	)

*For the Three Months Ended June 30, 2025*
Balance at March 31, 2025		$	(63,108	)		$	(3	)		$	(143	)		$	(63,254	)
Other comprehensive income (loss) before reclassifications			3,467				(110	)			82				3,439
Less: Amounts reclassified from AOCI			32				—				—				32
Other comprehensive income (loss)			3,435				(110	)			82				3,407
Balance at June 30, 2025		$	(59,673	)			(113	)			(61	)			(59,847	)

*For the Six Months Ended June 30, 2026*
Balance at December 31, 2025		$	(2,046	)		$	(29	)		$	(81	)		$	(2,156	)
Other comprehensive income (loss) before reclassifications			(3,590	)			789				—				(2,801	)
Less: Amounts reclassified from AOCI			22				—				—				22
Other comprehensive income (loss)			(3,612	)			789				—				(2,823	)
Balance at June 30, 2026		$	(5,658	)			760				(81	)			(4,979	)

*For the Six Months Ended June 30, 2025*
Balance at December 31, 2024		$	(73,724	)		$	327			$	31			$	(73,366	)
Other comprehensive income (loss) before reclassifications			14,122				(456	)			(92	)			13,574
Less: Amounts reclassified from AOCI			71				(16	)			—				55
Other comprehensive income (loss)			14,051				(440	)			(92	)			13,519
Balance at June 30, 2025		$	(59,673	)		$	(113	)		$	(61	)		$	(59,847	)

(1)	All amounts net of tax.