Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME

v3.8.0.1
OTHER COMPREHENSIVE INCOME
 3 Months Ended
Mar. 31, 2018
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
March 31, 2018
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ (1,488) $ 377 $ (1,111)
Amortization of losses on securities transferred from available for sale to held to  
maturity 15     (4)   11
Total Other Comprehensive Loss $ (1,473)   $ 373   $ (1,100)
March 31, 2017
Investment Securities:          
Change in net unrealized gain/loss on securities available for sale $ 505 $ (196) $ 309
Amortization of losses on securities transferred from available for sale to held to
maturity 20 (8) 12
Total Other Comprehensive Income $ 525   $ (204)   $ 321

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, 2018 $ (1,743)   $ (30,301)   $ (32,044)
Other comprehensive income during the period (1,100)   -   (1,100)
Balance as of March 31, 2018 $ (2,843)   $ (30,301)   $ (33,144)
Balance as of January 1, 2017 $ (583)   $ (25,642)   $ (26,225)
Other comprehensive income during the period 321   -   321
Balance as of March 31, 2017 $ (262)   $ (25,642)   $ (25,904)