Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME

v3.5.0.2
OTHER COMPREHENSIVE INCOME
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME

NOTE 8 – OTHER COMPREHENSIVE INCOME

The amounts allocated to other comprehensive income are presented in the table below. Reclassification adjustments related to securities held for sale are included in net gain/loss on securities transactions in the accompanying consolidated statements of comprehensive income. For the periods presented, reclassifications adjustments related to securities held for sale was not material.

Before   Tax   Net of
Tax (Expense) Tax
 (Dollars in Thousands) Amount Benefit Amount
Three Months Ended September 30, 2016
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ (1,158) $ 447 $ (711)
Amortization of losses on securities transferred from available for sale to held to  
maturity 21     (8)   13
Total Other Comprehensive Loss $ (1,137)   $ 439   $ (698)
Nine Months Ended September 30, 2016
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ 1,535 $ (592) $ 943
Amortization of losses on securities transferred from available for sale to held to
maturity 60 (23) 37
Total Other Comprehensive Income $ 1,595   $ (615)   $ 980

Before   Tax   Net of
Tax (Expense) Tax
 (Dollars in Thousands) Amount Benefit Amount
Three Months Ended September 30, 2015
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ 533 $ (206) $ 327
Amortization of losses on securities transferred from available for sale to held to  
maturity 21     (8)   13
Total Other Comprehensive Income $ 554   $ (214)   $ 340
Nine Months Ended September 30, 2015
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ 1,562 $ (602) $ 960
Amortization of losses on securities transferred from available for sale to held to
maturity 56 (22) 34
Total Other Comprehensive Income $ 1,618   $ (624)   $ 994

Accumulated other comprehensive loss was comprised of the following components:
Accumulated
Securities Other
Available Retirement Comprehensive
 (Dollars in Thousands) for Sale   Plans   Loss
Balance as of January 1, 2016 $ (127)   $ (22,130)   $ (22,257)
Other comprehensive income during the period 980   -   980
Balance as of September 30, 2016 $ 853   $ (22,130)   $ (21,277)
Balance as of January 1, 2015 $ 59   $ (21,568)   $ (21,509)
Other comprehensive income during the period 994   -   994
Balance as of September 30, 2015 $ 1,053   $ (21,568)   $ (20,515)