ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2019

ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

NOTE 9 - ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents changes in Accumulated Other Comprehensive Loss, net of tax, for the three and nine months ended September 30, 2019 and 2018  (dollars in thousands):

	Three months ended				Nine months ended
	September 30,				September 30,
	2019		2018		2019		2018
Beginning balance	$	547	$	(617)	$	(473)	$	(206)
Cumulative effect of adopting new accounting standard ASU 2016-01, net of taxes		—		—		68		—
Balance net of cumulative effect of adopting ASU 2016-01		547		(617)		(405)		(206)
Total unrealized gains/loss on securities available for sale, net of taxes		1,192		(86)		2,144		(523)
Amount reclassified from accumulated other comprehensive income		—		—		—		26
Net current period other comprehensive income (loss)		1,192		(86)		2,144		(497)
Ending balance	$	1,739	$	(703)	$	1,739	$	(703)