Note 17 - Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note

17.

OTHER COMPREHENSIVE INCOME (LOSS)

The following tables summarize the reclassifications out of accumulated other comprehensive

(loss) income for the years ended

December 31, 2019 and

 

2018.

	For the year Ended December 31, 2019
	Amount Reclassified
	from Accumulated			Affected Line Item
	Other Comprehensive			in the Consolidated
(in thousands)	Income (Loss)			Statements of Income
Available-for-sale debt securities:
Reclassification adjustment for net gains reclassified into net income	$	(1,227	)	Net gain (loss) on the sale of available-for-sale securities
Taxes		258		Income taxes
Net of tax amount	$	(969	)

	For the year Ended December 31, 2018
	Amount Reclassified
	from Accumulated			Affected Line Item
	Other Comprehensive			in the Consolidated
(in thousands)	Income (Loss)			Statements of Income
Available-for-sale debt securities:
Reclassification adjustment for net losses reclassified into net income	$	4		Net gain (loss) on the sale of available-for-sale securities
Taxes		(1	)	Income taxes
Net of tax amount	$	3

The following table summarizes the changes in accumulated other comprehensive (loss) income, net of tax, for the years ended

December 31,

2019

 and

 

2018

:

	For the Year Ended December 31,
(in thousands)	2019			2018
Balance, January 1,	$	(4,540	)	$	(1,745	)
Other comprehensive income (loss) before reclassifications		8,565			(2,863	)
Amounts reclassified from accumulated other comprehensive income (loss)		(969	)		3
Net other comprehensive income (loss) during the period		7,596			(2,860	)
Reclassification of net loss on equity securities upon adoption of ASU 2016-01		-			65
Balance, December 31,	$	3,056		$	(4,540	)