Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2017

Other Comprehensive Income (Loss) [Abstract]

Other Comprehensive Income (Loss)

Note 5 – Other Comprehensive Income (Loss)

Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income.

The components of other comprehensive income, both before tax and net of tax, are as follows:

	Three Months Ended June 30,
	2017						2016
	(In Thousands)
	Before		Tax		Net of		Before		Tax		Net of
	Tax		Effect		Tax		Tax		Effect		Tax
Change in accumulated other comprehensive income:
Unrealized holding gains on securities    available for sale	$	862	$	(294)	$	568	$	626	$	(212)	$	414
Reclassification adjustments for gains on securities    transactions included in net income (A),(B)		-		-		-		-		-		-
Total other comprehensive income	$	862	$	(294)	$	568	$	626	$	(212)	$	414

	Six Months Ended June 30,
	2017						2016
	(In Thousands)
	Before		Tax		Net of		Before		Tax		Net of
	Tax		Effect		Tax		Tax		Effect		Tax
Change in accumulated other comprehensive income:
Unrealized holding gains on securities    available for sale	$	1,350	$	(460)	$	890	$	1,057	$	(359)	$	698
Reclassification adjustments for gains on securities    transactions included in net income (A),(B)		-		-		-		-		-		-
Total other comprehensive income	$	1,350	$	(460)	$	890	$	1,057	$	(359)	$	698

A. Realized gains on securities transactions included in gain on sales of securities, net, in the accompanying Consolidated Statements of Income.

B. Tax effect included in income tax expense in the accompanying Consolidated Statements of Income.

There were no realized gains on securities available for salefor the three and six months endedJune 30, 2017 and 2016.

A summary of the accumulated other comprehensive income (loss), net of tax, is as follows:

	Securities
	Available
	for Sale
Three Months Ended June 30, 2017 and 2016	(In Thousands)
Balance March 31, 2017	$	298
Other comprehensive income before reclassifications		568
Amounts reclassified from accumulated other    comprehensive income		-
Net other comprehensive income during the period		568
Balance June 30, 2017	$	866
Balance March 31, 2016	$	1,520
Other comprehensive income before reclassifications		414
Amounts reclassified from accumulated other    comprehensive income		-
Net other comprehensive income during the period		414
Balance June 30, 2016	$	1,934
Six Months Ended June 30, 2017 and 2016
Balance January 1, 2017	$	(24)
Other comprehensive income before reclassifications		890
Amounts reclassified from accumulated other    comprehensive income		-
Net other comprehensive income during the period		890
Balance June 30, 2017	$	866
Balance January 1, 2016	$	1,236
Other comprehensive income before reclassifications		698
Amounts reclassified from accumulated other    comprehensive income		-
Net other comprehensive income during the period		698
Balance June 30, 2016	$	1,934