| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
NOTE 5 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Accumulated other comprehensive income (loss) for the Company consists of changes in net unrealized gains and losses on debt securities available-for-sale. The reclassification for gains (losses) on sale of securities included in net income is recorded in net gain (loss) on securities in the consolidated statements of income and comprehensive income. The following table presents a summary of the accumulated other comprehensive income (loss) balances, net of tax, for the periods indicated:
| | | | | | | | | | | (dollars in thousands) | | | | | Accumulated Other Comprehensive Income (Loss) | | Three Months Ended June 30, 2026 | | | | | | | Balance, March 31, 2026 | | | | | $ | (1,476) | | | Reclassification for gains included in net income, net of tax | | | | | (47) | | | Unrealized loss on debt securities available-for-sale, net of tax | | | | | (14,985) | | | Balance, June 30, 2026 | | | | | $ | (16,508) | | | | | | | | | Three Months Ended June 30, 2025 | | | | | | | Balance, March 31, 2025 | | | | | $ | (14,430) | | | | | | | | | Unrealized gain on debt securities available-for-sale, net of tax | | | | | 7,544 | | | Balance, June 30, 2025 | | | | | $ | (6,886) | | | | | | | | | Six Months Ended June 30, 2026 | | | | | | | Balance, December 31, 2025 | | | | | $ | 8,312 | | | Reclassification for gains included in net income, net of tax | | | | | (47) | | | Unrealized loss on debt securities available-for-sale, net of tax | | | | | (24,773) | | | Balance, June 30, 2026 | | | | | $ | (16,508) | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | | Balance, December 31, 2024 | | | | | $ | (30,119) | | | | | | | | | Unrealized gain on debt securities available-for-sale, net of tax | | | | | 23,233 | | | Balance, June 30, 2025 | | | | | $ | (6,886) | |
|