Comprehensive Income

3 Months Ended

Mar. 31, 2015

Comprehensive Income [Abstract]

Comprehensive Income

Note 12 – Comprehensive Income

Comprehensive income is defined as the change in equity during a period for non-owner transactions and is divided into net incomeand other comprehensive income. Other comprehensive income includes revenues, expenses, gains, and losses that are excluded from earnings under current accounting standards. The components of accumulated other comprehensive income for the Company are as follows:

($ in thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Unrealized gain (loss) on securities available for sale	$	(442	)		(691	)		(1,718	)
Deferred tax asset (liability)		173			270			671
Net unrealized gain (loss) on securities available for sale		(269	)		(421	)		(1,047	)
Additional pension asset (liability)		(288	)		(257	)		5,081
Deferred tax asset (liability)		112			100			(1,970	)
Net additional pension asset (liability)		(176	)		(157	)		3,111
Total accumulated other comprehensive income (loss)	$	(445	)		(578	)		2,064

The following table discloses the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2015 (all amounts are net of tax).

($ in thousands)	Unrealized Gain (Loss) on Securities Available for Sale			Additional Pension Asset (Liability)			Total
Beginning balance at January 1, 2015	$	(421	)		(157	)		(578	)
Other comprehensive income (loss) before reclassifications		152			—			152
Amounts reclassified from accumulated other comprehensive income		—			(19	)		(19	)
Net current-period other comprehensive income (loss)		152			(19	)		133
Ending balance at March 31, 2015	$	(269	)		(176	)		(445	)

The following table discloses the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2014 (all amounts are net of tax).

($ in thousands)	Unrealized Gain (Loss) on Securities Available for Sale			Additional Pension Asset (Liability)			Total
Beginning balance at January 1, 2014	$	(1,232	)		3,132			1,900
Other comprehensive income (loss) before reclassifications		185			—			185
Amounts reclassified from accumulated other comprehensive income		—			(21	)		(21	)
Net current-period other comprehensive income (loss)		185			(21	)		164
Ending balance at March 31, 2014	$	(1,047	)		3,111			2,064