Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

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

 

Before

 

Tax

 

Net of

 

Tax

 

(Expense)

 

Tax

(Dollars in Thousands)

Amount

 

Benefit

 

Amount

Three Months Ended June 30, 2020

 

 

 

 

 

 

 

 

Investment Securities:

 

 

 

 

 

 

 

 

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

$

424

 

$

(75)

 

$

349

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

 

9

 

 

(2)

 

 

7

Total Investment Securities

 

433

 

 

(77)

 

 

356

Change in net unrealized gain/loss on interest rate swap

 

(104)

 

 

25

 

 

(79)

Total Other Comprehensive Income

$

329

 

$

(52)

 

$

277

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2020

 

 

 

 

 

 

 

 

Investment Securities:

 

 

 

 

 

 

 

 

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

$

3,962

 

$

(972)

 

$

2,990

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

 

18

 

 

(4)

 

 

14

Total Investment Securities

 

3,980

 

 

(976)

 

 

3,004

Change in net unrealized gain/loss on interest rate swap

 

(104)

 

 

25

 

 

(79)

Total Other Comprehensive Income

$

3,876

 

$

(951)

 

$

2,925

 

Before

 

Tax

 

Net of

 

Tax

 

(Expense)

 

Tax

(Dollars in Thousands)

Amount

 

Benefit

 

Amount

Three Months Ended June 30, 2019

 

 

 

 

 

 

 

 

Investment Securities:

 

 

 

 

 

 

 

 

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

$

1,736

 

$

(439)

 

$

1,297

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

 

11

 

 

(4)

 

 

7

Total Other Comprehensive Income

$

1,747

 

$

(443)

 

$

1,304

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2019

 

 

 

 

 

 

 

 

Investment Securities:

 

 

 

 

 

 

 

 

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

$

2,985

 

$

(756)

 

$

2,229

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

 

22

 

 

(6)

 

 

16

Total Other Comprehensive Income

$

3,007

 

$

(762)

 

$

2,245
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

 

3,004

 

 

(79)

 

 

-

 

 

2,925

Balance as of June 30, 2020

$

3,868

 

$

(79)

 

$

(29,045)

 

$

(25,256)

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of January 1, 2019

$

(2,008)

 

$

-

 

$

(26,807)

 

$

(28,815)

Other comprehensive income during the period

 

2,245

 

 

-

 

 

-

 

 

2,245

Balance as of June 30, 2019

$

237

 

$

-

 

$

(26,807)

 

$

(26,570)