Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

v3.20.2
OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 9 Months Ended
Sep. 30, 2020
Other comprehensive income [Abstract]  
Schedule of other comprehensive income loss

 

Before

 

Tax

 

Net of

 

Tax

 

(Expense)

 

Tax

(Dollars in Thousands)

Amount

 

Benefit

 

Amount

Three Months Ended September 30, 2020

 

 

 

 

 

 

 

 

Investment Securities:

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss on securities available for sale

$

(773)

 

$

191

 

$

(582)

Amortization of losses on securities transferred from available for sale to held to maturity

 

10

 

 

(3)

 

 

7

Total Investment Securities

 

(763)

 

 

188

 

 

(575)

Change in net unrealized gain/loss on interest rate swap

 

157

 

 

(39)

 

 

118

Total Other Comprehensive Loss

$

(606)

 

$

149

 

$

(457)

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2020

 

 

 

 

 

 

 

 

Investment Securities:

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss on securities available for sale

$

3,189

 

$

(781)

 

$

2,408

Amortization of losses on securities transferred from available for sale to held to maturity

 

28

 

 

(7)

 

 

21

Total Investment Securities

 

3,217

 

 

(788)

 

 

2,429

Change in net unrealized gain/loss on interest rate swap

 

52

 

 

(13)

 

 

39

Total Other Comprehensive Income

$

3,269

 

$

(801)

 

$

2,468

 

Before

 

Tax

 

Net of

 

Tax

 

(Expense)

 

Tax

(Dollars in Thousands)

Amount

 

Benefit

 

Amount

Three Months Ended September 30, 2019

 

 

 

 

 

 

 

 

Investment Securities:

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss on securities available for sale

$

443

 

$

(112)

 

$

331

Amortization of losses on securities transferred from available for sale to held to maturity

 

11

 

 

(3)

 

 

8

Total Other Comprehensive Income

$

454

 

$

(115)

 

$

339

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2019

 

 

 

 

 

 

 

 

Investment Securities:

 

 

 

 

 

 

 

 

Change in net unrealized gain/loss on securities available for sale

$

3,427

 

$

(868)

 

$

2,559

Amortization of losses on securities transferred from available for sale to held to maturity

 

33

 

 

(8)

 

 

25

Total Other Comprehensive Income

$

3,460

 

$

(876)

 

$

2,584
Schedule of activity in accumulated other comprehensive loss, net of tax

Accumulated other comprehensive loss was comprised of the following components:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

Securities

 

 

 

 

 

 

 

Other

 

Available

 

Interest Rate

 

Retirement

 

Comprehensive

(Dollars in Thousands)

for Sale

 

Swap

 

Plans

 

Loss

Balance as of January 1, 2020

$

864

 

$

-

 

$

(29,045)

 

$

(28,181)

Other comprehensive income during the period

 

2,429

 

 

39

 

 

-

 

 

2,468

Balance as of September 30, 2020

$

3,293

 

$

39

 

$

(29,045)

 

$

(25,713)

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of January 1, 2019

$

(2,008)

 

$

-

 

$

(26,807)

 

$

(28,815)

Other comprehensive income during the period

 

2,584

 

 

-

 

 

-

 

 

2,584

Balance as of September 30, 2019

$

576

 

$

-

 

$

(26,807)

 

$

(26,231)