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Note 16 - Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2019
Other Comprehensive Income Loss Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 16 - Accumulated Other Comprehensive Income (Loss)

The following shows the components of accumulated other comprehensive income (loss) during the periods ended December 31, 2019, 2018 and 2017:

 

December 31,

 

2019

 

 

2018

 

 

2017

 

Unrealized net holding (losses) gains on

   available-for-sale securities

 

$

325

 

 

$

(9,028

)

 

$

(6,165

)

Unrealized losses on available-for-sale securities

   for which a portion of an other-than-temporary

   impairment loss has been recognized in earnings

 

 

—

 

 

 

—

 

 

 

(26

)

Accumulated other comprehensive (loss) income

 

 

325

 

 

 

(9,028

)

 

 

(6,191

)

Tax effect*

 

 

(68

)

 

 

1,896

 

 

 

1,300

 

Stranded tax effect

 

 

—

 

 

 

—

 

 

 

805

 

Accumulated other comprehensive income (loss),

   net of tax

 

$

257

 

 

$

(7,132

)

 

$

(4,086

)

 

 

 

 

 

 

 

 

 

 

 

 

 

* At tax rates of 21%

 

 

 

 

 

 

 

 

 

 

 

 

 

The stranded tax effect is related to the recognition of tax rate change effects on AFS DTA/DTL revaluation, resulting from the 2017 Tax Reform Act, as described in Note 11.  The following table presents amounts reclassified out of accumulated other comprehensive income (loss) for the years ended December 31, 2019, 2018 and 2017:

 

 

 

Amount reclassified from accumulated other

comprehensive income (loss)

 

 

 

Details about accumulated other comprehensive income (loss)

 

2019

 

 

2018

 

 

2017

 

 

Affected line item in statement of income

Realized net holding (losses) gains on available-for-sale securities

 

$

(26

)

 

$

3

 

 

$

1,580

 

 

Net gain on sale of investment securities

Other-than-temporary impairment losses on

   investment securities

 

 

—

 

 

 

—

 

 

 

(80

)

 

Net other-than-temporary impairment losses on investment securities

Net (loss) gain on sale of investment securities

 

 

(26

)

 

 

3

 

 

 

1,500

 

 

 

Tax effect*

 

 

5

 

 

 

(1

)

 

 

(510

)

 

Provision for income taxes

Total reclassification out of accumulated other

   comprehensive (loss) income, net of tax

 

$

(21

)

 

$

2

 

 

$

990

 

 

Net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*At rate of 21% for both 2019 and 2018 and 34% for 2017