|
NOTE
8 OTHER COMPREHENSIVE INCOME (LOSS)
The amounts
allocated to other comprehensive income (loss) 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.
| (Dollars in Thousands) |
|
Before Tax
Amount
|
|
Tax (Expense) Benefit
|
|
Net
of Tax
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 |
|
| (Dollars in Thousands) |
|
Before Tax
Amount
|
|
Tax (Expense) Benefit
|
|
Net
of Tax
Amount
|
| Three Months Ended September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment
Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Change
in net unrealized gain/loss on securities available for sale |
|
$ |
(173 |
) |
|
$ |
61 |
|
|
$ |
(112 |
) |
| Amortization
of losses on securities transferred from available for sale to held to maturity |
|
|
17 |
|
|
|
(7 |
) |
|
|
10 |
|
| Total
Other Comprehensive Loss |
|
$ |
(156 |
) |
|
$ |
54 |
|
|
$ |
(102 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine Months Ended September 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment
Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Change
in net unrealized gain/ loss on securities available for sale |
|
$ |
78 |
|
|
$ |
(36 |
) |
|
$ |
42 |
|
| Amortization
of losses on securities transferred from available for sale to held to maturity |
|
|
53 |
|
|
|
(20 |
) |
|
|
33 |
|
| Total
Other Comprehensive Income |
|
$ |
131 |
|
|
$ |
(56 |
) |
|
$ |
75 |
|
Accumulated
other comprehensive loss was comprised of the following components:
| (Dollars in Thousands) |
|
Securities
Available
for Sale |
|
Retirement
Plans |
|
Accumulated
Other
Comprehensive
Loss |
| 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 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of January 1, 2014 |
|
$ |
(132 |
) |
|
$ |
(8,408 |
) |
|
$ |
(8,540 |
) |
| Other comprehensive
income during the period |
|
|
75 |
|
|
|
|
|
|
|
75 |
|
| Balance as of
September 30, 2014 |
|
$ |
(57 |
) |
|
$ |
(8,408 |
) |
|
$ |
(8,465 |
) |
|