OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2018

NOTE 8 – OTHER COMPREHENSIVE INCOME

The amounts allocated to other comprehensive income are presented in the table below. Reclassification adjustments related to securities held for sale are included in net gain/loss on securities transactions in the accompanying consolidated statements of comprehensive income. For the periods presented, reclassifications adjustments related to securities held for sale was not material.

			Before		Tax		Net of
			Tax		(Expense)		Tax
(Dollars in Thousands)			Amount		Benefit		Amount
March 31, 2018
Investment Securities:
Change in net unrealized gain/loss on securities available for sale			$	(1,488)	$	377	$	(1,111)
Amortization of losses on securities transferred from available for sale to held to
	maturity			15		(4)		11
		Total Other Comprehensive Loss	$	(1,473)	$	373	$	(1,100)

March 31, 2017
Investment Securities:
Change in net unrealized gain/loss on securities available for sale			$	505	$	(196)	$	309
Amortization of losses on securities transferred from available for sale to held to
	maturity			20		(8)		12
		Total Other Comprehensive Income	$	525	$	(204)	$	321

Accumulated other comprehensive loss was comprised of the following components:

					Accumulated
	Securities				Other
	Available		Retirement		Comprehensive
(Dollars in Thousands)	for Sale		Plans		Loss
Balance as of January 1, 2018	$	(1,743)	$	(30,301)	$	(32,044)
Other comprehensive income during the period		(1,100)		-		(1,100)
Balance as of March 31, 2018	$	(2,843)	$	(30,301)	$	(33,144)

Balance as of January 1, 2017	$	(583)	$	(25,642)	$	(26,225)
Other comprehensive income during the period		321		-		321
Balance as of March 31, 2017	$	(262)	$	(25,642)	$	(25,904)