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Stockholders' Equity and Earnings per Common Share
 12 Months Ended
Dec. 31, 2018
Stockholders' Equity and Earnings Per Common Share [Abstract]  
Stockholders' Equity and Earnings Per Common Share
NOTE 12, Stockholders’ Equity and Earnings per Common Share

STOCKHOLDERS' EQUITY--OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents information on amounts reclassified out of accumulated other comprehensive loss, by category, during the periods indicated:

  
Years Ended
  
  
December 31,
 
Affected Line Item on
 Consolidated Statement of Income
  
2018
  
2017
 
  
(in thousands)
  
Available-for-sale securities
           
Realized gains (losses) on sales of securities
 
$
120
  
$
96
 
  Gain on sale of available-for-sale securities, net
Tax effect
  
25
   
33
 
  Income tax expense (benefit)
  
$
95
  
$
63
  
Defined-benefit pension plan
             
Amortization of actuarial loss
 
$
-
  
$
(490
)
  Salaries and employee benefits
Tax effect
  
-
   
(167
)
  Income tax expense (benefit)
  
$
-
  
$
(323
)
 
               
Total reclassifications for the period
 
$
95
  
$
(260
)
 

The following table presents the changes in accumulated other comprehensive loss, by category, net of tax, for the periods indicated:

 
 
Unrealized Gains (Losses) on Available-for-Sale Securities
  
Defined Benefit Pension Plans (1)
  
Accumulated Other Comprehensive Loss
 
          
          
Balance at December 31, 2016
 
$
(1,739
)
 
$
(2,469
)
 
$
(4,208
)
             
Net change for the year ended December 31, 2017
  
1,032
   
2,469
   
3,501
 
Balance at December 31, 2017
 
$
(707
)
 
$
-
  
$
(707
)
             
Net other comprehensive loss
  
(1,233
)
  
-
   
(1,233
)
Reclassification of the income tax effects of the Tax Cuts and Jobs Act from AOCI
  
(139
)
  
-
   
(139
)
Reclassification of net unrealized gains on equity securities from AOCI per ASU 2016-01
  
(77
)
  
-
   
(77
)
Net change for the year ended December 31, 2018
  
(1,449
)
  
-
   
(1,449
)
Balance at December 31, 2018
 
$
(2,156
)
 
$
-
  
$
(2,156
)
  
(1) Net change reflects termination and settlement of the pension plan during year ended December 31, 2017.
 

The following table presents the change in each component of other comprehensive income, net of tax on a pre-tax and after-tax basis for the periods indicated.

 
Year Ended December 31, 2018
 
 
Pretax
 
Tax Effect
 
Net-of-Tax
 
 
(in thousands)
 
Unrealized losses on available-for-sale securities:
      
Unrealized holding losses arising during the period
 
$
(1,440
)
 
$
(302
)
 
$
(1,138
)
Reclassification adjustment for gains recognized in income
  
(120
)
  
(25
)
  
(95
)
Total change in accumulated other comprehensive loss, net
 
$
(1,560
)
 
$
(327
)
 
$
(1,233
)


  
Year Ended December 31, 2017
 
 
 
Pretax
  
Tax Effect
  
Net-of-Tax
 
  
(in thousands)
 
Unrealized gains on available-for-sale securities:
         
Unrealized holding gains arising during the period
 
$
1,659
  
$
564
  
$
1,095
 
Reclassification adjustment for gains recognized in income
  
(96
)
  
(33
)
  
(63
)
Net change
  
1,563
   
531
   
1,032
 
             
Defined benefit pension plans:
            
Net actuarial loss for the period
  
(99
)
  
(34
)
  
(65
)
Amortization of actuarial loss from prior period
  
490
   
167
   
323
 
Net change
  
3,741
   
1,272
   
2,469
 
             
Total change in accumulated other comprehensive loss, net
 
$
5,304
  
$
1,803
  
$
3,501
 


EARNINGS PER COMMON SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares attributable to the employee stock purchase program.

The following is a reconciliation of the denominators of the basic and diluted EPS computations for the years ended December 31, 2018 and 2017:

  
Net Income Available to Common Stockholders (Numerator)
  
Weighted Average Common Shares (Denominator)
  
Per Share Amount
 
  
(in thousands except per share data)
 
Year Ended December 31, 2018
         
Net income, basic
 
$
4,919
   
5,141
  
$
0.96
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
4,919
   
5,141
  
$
0.96
 
             
Year Ended December 31, 2017
            
Net loss, basic
 
$
(29
)
  
4,991
  
$
(0.01
)
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
(29
)
  
4,991
  
$
(0.01
)


The Company had no antidilutive shares in 2018 or 2017. Non-vested restricted common shares, which carry all rights and privileges of a common share with respect to the stock, including the right to vote, were included in the basic and diluted per common share calculations.