ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 11 – 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 June 30, 2017 and 2016:

	Unrealized		Unrealized		Accumulated
	Gain (Loss)		Gain (Loss)		Other Comprehensive
(dollars in thousands)	on Derivatives		on Securities		Income (Loss)
Balance, January 1, 2017	$	176	$	(1,234)	$	(1,058)
Reclassification for gains included in net income, net of tax		-		(24)		(24)
Current year changes, net of tax		(63)		2,566		2,503
Balance, June 30, 2017	$	113	$	1,308	$	1,421

	Unrealized		Unrealized		Accumulated
	Gain (Loss)		Gain (Loss)		Other Comprehensive
(dollars in thousands)	on Derivatives		on Securities		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		(808)		10,476		9,668
Balance, June 30, 2016	$	(656)	$	13,616	$	12,960