Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME

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OTHER COMPREHENSIVE INCOME
 6 Months Ended
Jun. 30, 2017
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 June 30, 2017
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ 110 $ (42) $ 68
Amortization of losses on securities transferred from available for sale to held to  
maturity 18     (7)   11
Total Other Comprehensive Loss $ 128   $ (49)   $ 79
Six Months Ended June 30, 2017
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ 615 $ (238) $ 377
Amortization of losses on securities transferred from available for sale to held to
maturity 38 (15) 23
Total Other Comprehensive Income $ 653   $ (253)   $ 400

Before   Tax   Net of
Tax (Expense) Tax
 (Dollars in Thousands) Amount Benefit Amount
Three Months Ended June 30, 2016
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ 908 $ (350) $ 558
Amortization of losses on securities transferred from available for sale to held to  
maturity 20     (8)   12
Total Other Comprehensive Income $ 928   $ (358)   $ 570
Six Months Ended June 30, 2016
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ 2,692 $ (1,038) $ 1,654
Amortization of losses on securities transferred from available for sale to held to
maturity 39 (15) 24
Total Other Comprehensive Income $ 2,731   $ (1,053)   $ 1,678

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, 2017 $ (583)   $ (25,642)   $ (26,225)
Other comprehensive income during the period 400   -   400
Balance as of June 30, 2017 $ (183)   $ (25,642)   $ (25,825)
Balance as of January 1, 2016 $ (127)   $ (22,130)   $ (22,257)
Other comprehensive income during the period 1,678   -   1,678
Balance as of June 30, 2016 $ 1,551   $ (22,130)   $ (20,579)