ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 12 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income for the Company consists of changes in net unrealized gains and losses on investment securities available for sale and an interest rate swap derivative designated as a cash flow hedge. The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of March 31, 2017 and 2016:

(dollars in thousands)	Unrealized Gain (Loss) on Derivatives		Unrealized Gain (Loss) on Securities		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2017	$	176	$	(1,234)	$	(1,058)
Current year changes, net of tax		43		(194)		(151)
Balance, March 31, 2017	$	219	$	(1,428)	$	(1,209)

(dollars in thousands)	Unrealized Gain (Loss) on Derivatives		Unrealized Gain (Loss) on Securities		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2016	$	152	$	3,201	$	3,353
Reclassification for gains included in net income, net of tax		-		(61)		(61)
Current year changes, net of tax		(615)		3,734		3,119
Balance, March 31, 2016	$	(463)	$	6,874	$	6,411