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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net income $ 1,882 $ 1,735 $ 3,487 $ 3,247
Other comprehensive income (loss)        
Net unrealized gains (losses) on securities available-for-sale 106 190 122 122
Reclassification of net realized losses (gains) and write-downs in net income [1] 14 (146) 14 (148)
Unrealized gains (losses) on securities available-for-sale 120 44 136 (26)
Income tax (expense) benefit (40) (15) (46) 9
Unrealized gains (losses) on securities available-for-sale, net of tax 80 29 90 (17)
Comprehensive income $ 1,962 $ 1,764 $ 3,577 $ 3,230
[1] (1) Reclassification adjustments include realized security gains and losses. The gains and losses have been reclassified out of other comprehensive income (loss) and have affected certain lines in the consolidated statements of income as follows: The pre-tax amount is reflected as gains on sales and calls of available-for-sale securities, net, the tax effect is included in the income tax provision and the after tax amount is included in net income. The net tax effect for the three months ending June 30th 2017 and 2016 are $5 thousand and ($50) thousand respectively. The net tax effect for the six month periods ending June 30th are the same.