Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net income $ 11,413 $ 10,045 $ 33,729 $ 22,614
Unrealized gains (losses):        
Net change in unrealized gains (losses) on debt securities available for sale (3,540) (17,714) (2,496) (41,085)
Net unrealized gain at time of transfer on securities transferred to held-to-maturity 0 0 0 113
Amortization of net unrealized gains on securities transferred to held-to-maturity (5) (5) (16) (16)
Tax effect 744 3,721 527 8,608
Net change in unrealized gains (losses) on debt securities available for sale, net of tax (2,801) (13,998) (1,985) (32,380)
Less: reclassification adjustments:        
Reclassification for gains included in net income 0 0 0 0
Tax effect 0 0 0 0
Reclassification for gains included in net income, net of tax 0 0 0 0
Other comprehensive income (loss), net of tax (2,801) (13,998) (1,985) (32,380)
Comprehensive income (loss) $ 8,612 $ (3,953) $ 31,744 $ (9,766)