Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive (Loss)/Income

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Accumulated Other Comprehensive (Loss)/Income
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Accumulated Other Comprehensive (Loss)/Income

Note 13 – Accumulated Other Comprehensive (Loss)/Income

 

The following table summarizes the changes in accumulated other comprehensive (loss)/income by components during the years ended December 31, 2021 and 2020 (in thousands):

 

Schedule of Components of Accumulated Other Comprehensive (Loss)/Income 

    Net Unrealized (Losses)/Gains on Available-for-Sale Securities     Accumulated Other Comprehensive (Loss)/Gain  
Balance, December 31, 2019   $ (1 )   $ (1 )
Net unrealized gain on securities available-for-sale     237       237  
Reclassification of realized gain on securities available-for-sale to net loss     (8 )     (8 )
Net current period other comprehensive gain     229       229  
Balance, December 31, 2020   $ 228     $ 228  
Net unrealized loss on securities available-for-sale     (373 )     (373 )
Net current period other comprehensive loss     (374 )     (374 )
Balance, December 31, 2021   $ (146 )   $ (146 )

 

All components of accumulated other comprehensive (loss)/income are net of tax.