JUNIATA VALLEY FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Mar 20, 2024.
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FY2023 · Filed Mar 20, 2024
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||||||||||||||
| · · 2023 · · 2022 | ||||||||||||||||||
| (Dollars in thousands) · · Pre-Tax · · Tax · · Net-of-Tax · · Pre-Tax · · Tax · · Net-of-Tax | ||||||||||||||||||
| · Amount · Effect · Amount · Amount · Effect · Amount | ||||||||||||||||||
| Net income | | $7,566 | | $(970) | | $6,596 | | $8,962 | | $(642) | | $8,320 | ||||||
| Other comprehensive income (loss): | | | | | | | | |||||||||||
| Securities | | | | | | | | | | | | | | | | | | |
| Available for sale securities | | | | | | | | | | | | | | | | | | |
| Unrealized holding loss arising during the period | | (370) | | 77 | | (293) | | (51,247) | | 10,762 | | (40,485) | ||||||
| Reclassification adjustment for losses included in net income (1) (3) | | — | | — | | — | | 1,453 | | (305) | | 1,148 | ||||||
| Held to maturity securities | | | | | | | | | | | | | | | | | | |
| Amortization of unrealized holding losses on held to maturity securities (3) (4) | | | 4,767 | | | (1,036) | | 3,731 | | 1,342 | | | (291) | | 1,051 | |||
| Cash Flow Hedge | | | | | | | | | | | | | | | | | | |
| Unrealized gain on cash flow hedge | | | 2 | | | (1) | | | 1 | | | 1,220 | | | (256) | | | 964 |
| Reclassification adjustment for gain included in net income (2) (3) | | | (269) | | | 57 | | | (212) | | | (1,493) | | | 313 | | | (1,180) |
| Other comprehensive income (loss) | | 4,130 | | (903) | | 3,227 | | (48,725) | | 10,223 | | (38,502) | ||||||
| Total comprehensive income (loss) | | $11,696 | | $(1,873) | | $9,823 | | $(39,763) | | $9,581 | | $(30,182) | ||||||
| (1) | Amounts are included in loss on sales and calls of securities on the Consolidated Statements of Income as a separate element within total non-interest income. |
| (2) | Amounts are included in interest expense on short-term borrowings and repurchase agreements and in other non-interest income on the Consolidated Statements of Income. |
| (3) | Income tax amounts are included in the income tax provision on the Consolidated Statements of Income. |
| (4) | Amounts are included in interest income on the Consolidated Statements of Income. |
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