XML 25 R28.htm IDEA: XBRL DOCUMENT v3.20.1
Stockholders' Equity and Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Stockholders' Equity and Earnings per Share [Abstract]  
Amounts Reclassified Out of Accumulated Other Comprehensive Loss, by Category
The following table presents information on amounts reclassified out of accumulated other comprehensive income (loss), by category, during the periods indicated:

  
Three Months Ended
March 31,
  Affected Line Item on
(dollars in thousands)
 
2020
  
2019
  
Consolidated Statement of Income
Available-for-sale securities
          
Realized gains on sales of securities
 
$
-
  
$
26
  
Gain on sale of available-for-sale securities, net
Tax effect
  
-
   
5
  
Income tax expense
  
$
-
  
$
21
   
Changes in Accumulated Other Comprehensive Income (Loss), by Category
The following tables present the changes in accumulated other comprehensive income (loss), by category, net of tax, for the periods indicated:

(dollars in thousands)
 
Unrealized Gains
(Losses) on
Available-for-Sale
Securities
  
Accumulated Other
Comprehensive Loss
 
       
Three Months Ended March 31, 2020
      
Balance at beginning of period
 
$
(79
)
 
$
(79
)
Net other comprehensive loss
  
(445
)
  
(445
)
Balance at end of period
 
$
(524
)
 
$
(524
)
         
Three Months Ended March 31, 2019
        
Balance at beginning of period
 
$
(2,156
)
 
$
(2,156
)
Net other comprehensive income
  
1,540
   
1,540
 
Balance at end of period
 
$
(616
)
 
$
(616
)
Component of Accumulated Other Comprehensive Income (Loss) on Pre-Tax and After-Tax
The following tables present the change in each component of accumulated other comprehensive income (loss) on a pre-tax and after-tax basis for the periods indicated.

  
Three Months Ended March 31, 2020
 
(dollars in thousands)
 
Pretax
  
Tax
  
Net-of-Tax
 
Unrealized losses on available-for-sale securities:
         
Unrealized holding losses arising during the period
 
$
(563
)
 
$
(118
)
 
$
(445
)
             
Total change in accumulated other comprehensive income, net
 
$
(563
)
 
$
(118
)
 
$
(445
)

  
Three Months Ended March 31, 2019
 
(dollars in thousands)
 
Pretax
  
Tax
  
Net-of-Tax
 
Unrealized gains on available-for-sale securities:
         
Unrealized holding gains arising during the period
 
$
1,976
  
$
415
  
$
1,561
 
Reclassification adjustment for gains recognized in income
  
(26
)
  
(5
)
  
(21
)
             
Total change in accumulated other comprehensive loss, net
 
$
1,950
  
$
410
  
$
1,540
 
Computation of Earnings Per Share
The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three months ended March 31, 2020 and 2019:

(dollars in thousands except per share data)
 
Net Income Available to
Common Shareholders
(Numerator)
  
Weighted Average
Common Shares
(Denominator)
  
Per Share
Amount
 
Three Months Ended March 31, 2020
         
Net income, basic
 
$
1,250
   
5,200
  
$
0.24
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
1
   
-
 
Diluted
 
$
1,250
   
5,201
  
$
0.24
 
             
Three Months Ended March 31, 2019
            
Net income, basic
 
$
2,027
   
5,187
  
$
0.39
 
Potentially dilutive common shares - employee stock purchase program
  
-
   
-
   
-
 
Diluted
 
$
2,027
   
5,187
  
$
0.39