v3.26.3
Note 10 - Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

10. OTHER COMPREHENSIVE LOSS

 

The changes in the accumulated balances for each component of other comprehensive loss, net of tax for the three and nine months ended  September 30, 2025 and   September 30, 2026  were as follows:

  

 

 

Unrealized

 

 

Accumulated

 

 

 

Losses

 

 

Comprehensive

 

($ in thousands)

 

on AFS Securities

 

 

Loss, net of tax

 

Beginning Balance, July 1, 2025

 

$(29,355)

 

$(20,678)

Current quarter-to-date other comprehensive income

 

 

5,944

 

 

 

4,187

 

Ending balance, September 30, 2025

 

$(23,411)

 

$(16,491)

 

 

 

 

 

 

 

 

 

Beginning Balance, July 1, 2026

 

 

(19,282)

 

 

(13,582)

Current quarter-to-date other comprehensive loss

 

 

(25,090

)

 

 

(17,674

)

Ending balance, September 30, 2026

 

$(44,372)

 

$(31,256)

 

 

 

Unrealized

 

 

Accumulated

 

 

 

Losses

 

 

Comprehensive

 

($ in thousands)

 

on AFS Securities

 

 

Loss, net of tax

 

Beginning Balance, January 1, 2025

 

$(35,698)

 

$(25,145)

Current year-to-date other comprehensive income

 

 

12,287

 

 

 

8,654

 

Ending balance, September 30, 2025

 

$(23,411)

 

$(16,491)

 

 

 

 

 

 

 

 

 

Beginning Balance, January 1, 2026

 

 

(14,894)

 

 

(10,491)

Current year-to-date other comprehensive loss

 

 

(29,478

)

 

 

(20,765

)

Ending balance, September 30, 2026

 

$(44,372)

 

$(31,256)

 

 

There were no reclassifications out of accumulated other comprehensive loss during the three and nine months ended  September 30, 2026. During the three months ended  September 30, 2025, the Company recognized $254 thousand related to the termination of a fair value hedge and $374 loss on sale of investment securities that was reclassified from accumulated other comprehensive loss to earnings, with an associated tax effect of $186 thousand, resulting in a net reclassification of $442 thousand. During the nine months ended  September 30, 2025, the Company recognized $254 thousand related to the termination of a fair value hedge and $371 loss on sale of investment securities that was reclassified from accumulated other comprehensive loss to earnings, with an associated tax effect of $185 thousand, resulting in a net reclassification of $440 thousand.