Other Comprehensive Income

6 Months Ended

Jun. 30, 2020

Other Comprehensive Income [Abstract]

Other Comprehensive Income

Note 11 – Other Comprehensive Income

In addition to presenting the consolidated statements of comprehensive income herein, the following table shows the tax effects allocated to the Company’s single component of other comprehensive income for the periods presented:

	For the Three Months Ended June 30, 2020						For The Three Months Ended June 30, 2019
	Pre-Tax Amount		Tax Expense		Net of Tax Amount		Pre-Tax Amount		Tax Expense		Net of Tax Amount
	(Unaudited)
	(Dollars in thousands)
Net unrealized gains on securities available for sale:
Net unrealized gains arising during the period	$	19	$	(5)	$	14	$	792	$	(166)	$	626
Less: reclassification adjustment related to:
Recovery on previously impaired investment securities included in net income		(12)		3		(9)		(13)		2		(11)
Total Other Comprehensive Income	$	7	$	(2)	$	5	$	779	$	(164)	$	615

	For the Six Months Ended June 30, 2020						For The Six Months Ended June 30, 2019
	Pre-Tax Amount		Tax Expense		Net of Tax Amount		Pre-Tax Amount		Tax Expense			Net of Tax Amount
	(Dollars in thousands)
Net unrealized gains on securities available for sale:
Net unrealized gains arising during the period	$	1,083	$	(228)	$	855	$	1,600	$	(336)	$	1,264
Less: reclassification adjustment related to:
Recovery on previously impaired investment securities included in net income		(28)		6		(22)		(26)		5		(21)
Total Other Comprehensive Income	$	1,055	$	(222)	$	833	$	1,574	$	(331)	$	1,243

The following table presents the amounts reclassified out of the single component of the Company’s accumulated other comprehensive income for the indicated periods:

	Amounts Reclassified from Accumulated
Details about Accumulated Other	Other Comprehensive Income				Affected Line Item
Comprehensive Income	for the three months ended June 30,				on the Consolidated
Components	2020		2019		Statements of Income
	(Dollars in thousands)
Net unrealized gains on securities available for sale:
Recovery on  previously impaired investment securities	$	(12)	$	(13)	Recovery on previously impaired investment securities
Provision for income tax expense		3		2	Income Tax Expense
Total reclassification for the period	$	(9)	$	(11)	Net Income

	Amounts Reclassified from Accumulated
Details about Accumulated Other	Other Comprehensive Income				Affected Line Item
Comprehensive Income	for the six months ended June 30,				on the Consolidated
Components	2020		2019		Statements of Income
	(Dollars in thousands)
Net unrealized gains on securities available for sale:
Recovery on  previously impaired investment securities	$	(28)	$	(26)	Recovery on previously impaired investment securities
Provision for income tax expense		6		5	Income Tax Expense
Total reclassification for the period	$	(22)	$	(21)	Net Income