OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2019

Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

OTHER COMPREHENSIVE LOSS

NOTE 19 – OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents a reconciliation of the changes in the components of other comprehensive income (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)		2019			2018			2017
Other comprehensive income (loss)
Net unrealized gains (losses) on securities available-for-sale	$	2,258		$	(202	)	$	(318	)
Reclassification of net realized gains in net income(1)		(263	)		(318	)		(178	)
Unrealized gains (losses) on securities available-for-sale		1,995			(520	)		(496	)
Income tax (expense) benefit		(418	)		105			198
Unrealized gains (losses) on securities available-for-sale, net of tax		1,577			(415	)		(298	)
Other comprehensive income (loss)	$	1,577		$	(415	)	$	(298	)

⁽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 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 $55 thousand, $67 thousand, and $61 thousand in 2019, 2018 and 2017, respectively.

The components of accumulated other comprehensive income (loss) are as follows:

December 31, (dollars in thousands)		2019		2018
Unrealized gains (losses) on securities available-for-sale, net of tax	$	1,357	$	(220	)
Accumulated other comprehensive income (loss)	$	1,357	$	(220