OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2020

NOTE 9 – 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, 2020
Investment Securities:
Change in net unrealized gain/loss on securities available for sale			$	3,538	$	(897)	$	2,641
Amortization of losses on securities transferred from available for sale to held to
	maturity			9		(2)		7
		Total Other Comprehensive Income	$	3,547	$	(899)	$	2,648

March 31, 2019
Investment Securities:
Change in net unrealized gain/loss on securities available for sale			$	1,250	$	(317)	$	933
Amortization of losses on securities transferred from available for sale to held to
	maturity			12		(4)		8
		Total Other Comprehensive Income	$	1,262	$	(321)	$	941

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, 2020	$	864	$	(29,045)	$	(28,181)
Other comprehensive income during the period		2,648		-		2,648
Balance as of March 31, 2020	$	3,512	$	(29,045)	$	(25,533)

Balance as of January 1, 2019	$	(2,008)	$	(26,807)	$	(28,815)
Other comprehensive income during the period		941		-		941
Balance as of March 31, 2019	$	(1,067)	$	(26,807)	$	(27,874)