|
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.
| (Dollars in Thousands) |
|
Before
Tax Amount
|
|
Tax
Expense
|
|
Net of
Tax Amount
|
| March 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Change in net unrealized gain/loss on securities available for sale |
|
$ |
1,784 |
|
|
$ |
(688 |
) |
|
$ |
1,096 |
|
| Amortization of losses on securities transferred from available for sale to held to maturity |
|
|
19 |
|
|
|
(7 |
) |
|
|
12 |
|
| Total Other Comprehensive Income |
|
$ |
1,803 |
|
|
$ |
(695 |
) |
|
$ |
1,108 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| March 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Change in net unrealized gain/loss on securities available for sale |
|
$ |
1,146 |
|
|
$ |
(441 |
) |
|
$ |
705 |
|
| Amortization of losses on securities transferred from available for sale to held to maturity |
|
|
17 |
|
|
|
(7 |
) |
|
|
10 |
|
| Total Other Comprehensive Income |
|
$ |
1,163 |
|
|
$ |
(448 |
) |
|
$ |
715 |
|
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, 2016 |
|
$ |
(127 |
) |
|
$ |
(22,130 |
) |
|
$ |
(22,257 |
) |
| Other comprehensive income during the period |
|
|
1,108 |
|
|
|
|
|
|
|
1,108 |
|
| Balance as of March 31, 2016 |
|
$ |
981 |
|
|
$ |
(22,130 |
) |
|
$ |
(21,149 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of January 1, 2015 |
|
$ |
59 |
|
|
$ |
(21,568 |
) |
|
$ |
(21,509 |
) |
| Other comprehensive income during the period |
|
|
715 |
|
|
|
|
|
|
|
715 |
|
| Balance as of March 31, 2015 |
|
$ |
774 |
|
|
$ |
(21,568 |
) |
|
$ |
(20,794 |
) |
|