| OTHER COMPREHENSIVE INCOME (LOSS) |
NOTE 9 OTHER COMPREHENSIVE
INCOME (LOSS)
The following is a summary of the activity within other comprehensive
income and the amounts allocated to accumulated other comprehensive income at the end of each reporting period. The reclassification
adjustment related to other than temporary impairment on securities available for sale was included in other expense in the accompanying
consolidated statements of operations.
| |
|
Three Months Ended
September 30, 2013 |
|
Nine Months Ended
September 30, 2013 |
| (Dollars in Thousands) |
|
Before Tax Amount |
|
Tax Expense (Benefit) |
|
Net of
Tax Amount |
|
Before Tax Amount |
|
Tax Expense (Benefit) |
|
Net of
Tax Amount |
| Investment Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in net unrealized gain (loss) |
|
$ |
459 |
|
|
$ |
169 |
|
|
$ |
290 |
|
|
$ |
(1,149 |
) |
|
$ |
(449 |
) |
|
$ |
(700 |
) |
| Unrealized losses on securities transferred from available for sale to held to maturity |
|
|
(516 |
) |
|
|
(200 |
) |
|
|
(316 |
) |
|
|
(516 |
) |
|
|
(200 |
) |
|
|
(316 |
) |
| Amortization of unrealized losses on securities transferred from available for sale to held to maturity |
|
|
(7 |
) |
|
|
(2 |
) |
|
|
(5 |
) |
|
|
(7 |
) |
|
|
(2 |
) |
|
|
(5 |
) |
| Reclassification adjustment for impairment loss realized in net income |
|
|
210 |
|
|
|
162 |
|
|
|
48 |
|
|
|
410 |
|
|
|
158 |
|
|
|
252 |
|
| Total other comprehensive income (loss) |
|
$ |
146 |
|
|
$ |
(129 |
) |
|
$ |
17 |
|
|
$ |
(1,262 |
) |
|
$ |
(493 |
) |
|
$ |
(769 |
) |
| |
|
Three Months Ended
September 30, 2012 |
|
Nine Months Ended
September 30, 2012 |
| (Dollars in Thousands) |
|
Before Tax Amount |
|
Tax Expense (Benefit) |
|
Net of
Tax Amount |
|
Before Tax Amount |
|
Tax Expense (Benefit) |
|
Net of
Tax Amount |
| Investment Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in net unrealized gain |
|
$ |
(24 |
) |
|
$ |
(10 |
) |
|
$ |
(14 |
) |
|
$ |
(754 |
) |
|
$ |
(286 |
) |
|
$ |
(468 |
) |
| Total other comprehensive loss |
|
$ |
(24 |
) |
|
$ |
(10 |
) |
|
$ |
(14 |
) |
|
$ |
(754 |
) |
|
$ |
(286 |
) |
|
$ |
(468 |
) |
Amounts allocated to accumulated other comprehensive loss, net of
tax, were as follows:
|
(Dollars in Thousands)
|
|
Securities Available for Sale |
|
Retirement
Plans |
|
Accumulated Other Comprehensive Loss, Net of Taxes |
| Balance, January 1, 2013 |
|
$ |
573 |
|
|
$ |
(30,132 |
) |
|
$ |
(29,559 |
) |
| Other comprehensive loss before reclassifications |
|
|
(1,021 |
) |
|
|
|
|
|
|
(1,021 |
) |
| Amount reclassified from accumulated other comprehensive loss |
|
|
252 |
|
|
|
|
|
|
|
252 |
|
| Net other comprehensive loss during the period |
|
|
(769 |
) |
|
|
|
|
|
|
(769 |
) |
| Balance, September 30, 2013 |
|
$ |
(196 |
) |
|
$ |
(30,132 |
) |
|
$ |
(30,328 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance, January 1, 2012 |
|
$ |
1,064 |
|
|
$ |
(24,593 |
) |
|
$ |
(23,529 |
) |
| Other comprehensive loss |
|
|
(468 |
) |
|
|
|
|
|
|
(468 |
) |
| Net other comprehensive loss during the period |
|
|
(468 |
) |
|
|
|
|
|
|
(468 |
) |
| Balance, September 30, 2012 |
|
$ |
596 |
|
|
$ |
(24,593 |
) |
|
$ |
(23,997 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|