|
NOTE 10 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, 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 |
|
| |
|
|
|
|
|
|
|
|
|
| (Dollars in Thousands) |
|
Before
Tax
Amount |
|
|
Tax
(Expense)
Benefit |
|
|
Net of
Tax
Amount |
|
| Three Months Ended September 30, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Change in net unrealized gain/loss on securities available for sale |
|
$ |
459 |
|
|
$ |
(177 |
) |
|
$ |
282 |
|
| Unrealized losses on securities transferred from available for sale to held to maturity |
|
|
(523 |
) |
|
|
202 |
|
|
|
(321 |
) |
| Amortization of losses on securities transferred from available for sale to held to maturity |
|
|
7 |
|
|
|
(3 |
) |
|
|
4 |
|
| Reclassification adjustment for impairment loss realized in net income |
|
|
210 |
|
|
|
(158 |
) |
|
|
52 |
|
| Total Other Comprehensive Income |
|
$ |
153 |
|
|
$ |
136 |
|
|
$ |
17 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine Months Ended September 30, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Change in net unrealized gain/loss on securities available for sale |
|
$ |
(1,149 |
) |
|
$ |
445 |
|
|
$ |
(704 |
) |
| Unrealized losses on securities transferred from available for sale to held to maturity |
|
|
(523 |
) |
|
|
202 |
|
|
|
(321 |
) |
| Amortization of losses on securities transferred from available for sale to held to maturity |
|
|
7 |
|
|
|
(3 |
) |
|
|
4 |
|
| Reclassification adjustment for impairment loss realized in net income |
|
|
410 |
|
|
|
(158 |
) |
|
|
252 |
|
| Total Other Comprehensive Loss |
|
$ |
(1,255 |
) |
|
$ |
486 |
|
|
$ |
(769 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
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, 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 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of January 1, 2013 |
|
$ |
573 |
|
|
$ |
(30,132 |
) |
|
$ |
(29,559 |
) |
| Other comprehensive loss during the period |
|
|
(769 |
) |
|
|
|
|
|
|
(769 |
) |
| Balance as of September 30, 2013 |
|
$ |
(196 |
) |
|
$ |
(30,132 |
) |
|
$ |
(30,328 |
) |
|