Note G - Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Accumulated Other Comprehensive Income [Text Block]

NOTE G:  ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table summarizes the changes in accumulated balances of other comprehensive income for the

three

and

six

months ended

June 30, 2017:

	Unrealized gains and losses on available- for-sale securities
	(in thousands)
Balance at March 31, 2017, net of tax of $4,011	$	6,554
Other comprehensive income before reclassifications, net of tax of $(82)		(138	)
Amounts reclassified from accumulated other comprehensive income, net of tax of $(78)		(126	)
Net current-period other comprehensive income		(264	)
Balance at June 30, 2017, net of tax of $3,851	$	6,290
Balance at December 31, 2016, net of tax of $4,576	$	7,476
Other comprehensive income before reclassifications, net of tax benefit of $(97)		(160	)
Amounts reclassified from accumulated other comprehensive income, net of tax of $(628)		(1,026	)
Net current-period other comprehensive income		(1,186	)
Balance at June 30, 2017, net of tax of $3,851	$	6,290

The following table provides details about reclassifications out of accumulated other comprehensive income for the

six

months ended

June 30, 2017:

Details about Accumulated Other Comprehensive Income Component	Amounts Reclassified from Accumulated Other Comprehensive Income (a)			Statement of Operations Classification
	Six Months Ended June 30, 2017
	(in thousands)
Unrealized gains and losses on available-for-sale securities:
Prior period unrealized gain (loss) on securities sold	$	1,681		Non-operating income (expense)
Impairment expense		(27	)	Non-operating income (expense)
Total before tax		1,654		Income before income taxes
Tax expense		(628	)	Income tax expense
Total after tax	$	1,026		Net income

 

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(a) Amounts in parentheses indicate debits to profit/loss