STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Stockholders Equity Note Disclosure [Text Block]

8. STOCKHOLDERS’ EQUITY

 

During the second quarter of 2016, the Board of Directors of the Company declared a cash dividend of $0.06 per share, which was paid on May 27, 2016 to stockholders of record as of the close of business on May 6, 2016.

 

No reclassification adjustments were recognized in Accumulated Other Comprehensive Income during the six months ended June 30, 2016 and 2015. A summary of the changes in components of Accumulated Other Comprehensive Income for the six months ended June 30, 2016 and 2015 are presented below:

	Unrealized Gain (Loss) on Available for Sale Securities		Loss on Post Retirement Life Benefit		Accumulated Other Comprehensive  Income
	(Dollars in thousands)
Beginning balance - 01/01/2016	$	(1,254)	$	(133)	$	(1,387)
Current period change		1,062		6		1,068
Tax benefit		(433)		-		(433)
Ending balance – 06/30/2016	$	(625)	$	(127)	$	(752)

	Unrealized Gain (Loss) on Available for Sale Securities		Loss on Post Retirement Life Benefit		Accumulated Other Comprehensive  Income
	(Dollars in thousands)
Beginning balance - 01/01/2015	$	(1,282)	$	(169)	$	(1,451)
Current period change		222		11		233
Tax benefit		(89)		-		(89)
Ending balance – 06/30/2015	$	(1,149)	$	(158)	$	(1,307)