OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

OTHER COMPREHENSIVE LOSS

NOTE 18 – OTHER COMPREHENSIVE LOSS

The following table presents a reconciliation of the changes in the components of other comprehensive loss for the dates indicated, including the amount of income tax benefit allocated to each component of other comprehensive loss:

Years ended December 31, (in thousands)		2018			2017			2016
Other comprehensive loss
Net unrealized losses on securities available-for-sale	$	(202	)	$	(318	)	$	(399	)
Reclassification of net realized gains in net income(1)		(318	)		(178	)		(584	)
Unrealized losses on securities available-for-sale		(520	)		(496	)		(983	)
Income tax benefit		105			198			335
Unrealized losses on securities available-for-sale, net of tax		(415	)		(298	)		(648	)
Other comprehensive loss	$	(415	)	$	(298	)	$	(648	)

⁽¹⁾ Reclassification adjustments include realized security gains and losses. The gains and losses have been reclassified out of other comprehensive loss and have affected certain lines in the consolidated statements of income as follows: the pretax amount is reflected as gains on securities, net; the tax effect is included in the income tax provision; and the after tax amount is included in net income. The income tax expense related to reclassification of net realized gains was approximately $67,000, $61,000, and $199,000 in 2018, 2017 and 2016, respectively.

The components of accumulated other comprehensive income are as follows:

December 31, (dollars in thousands)		2018			2017
Unrealized (losses) gains on securities available-for-sale, net of tax	$	(220	)	$	179
Accumulated other comprehensive income	$	(220	)	$	179