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Note 12 - Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
(
12
) Other Comprehensive Income (Loss)
 
The following table illustrates activity within the balances in accumulated other comprehensive income (loss) by component, and is shown for the years ended
December 31,
201
7,
2016,
and
2015.
 
   
Net unrealized
    
Net unrealized
    
Minimum
    
 
 
 
   
gains (losses)
    
gains (losses)
    
pension
    
 
 
 
   
on securities
    
on cash
    
liability
    
 
 
 
(In thousands)
  
available-for-sale
    
flow hedges
    
adjustment
    
Total
  
                                 
Balance at December 31, 2014
   $
2,456
     $
16
     $
(387
 )   $
2,085
  
                                 
Other comprehensive (loss) income before reclassifications
    
(1,558
 )    
(76
 )    
114
      
(1,520
 )
Amounts reclassified from accumulated other comprehensive income
    
67
      
–
      
–
      
67
  
                                 
Net current period other comprehensive (loss) income
    
(1,491
 )    
(76
 )    
114
      
(1,453
 )
Balance at December 31, 2015
   $
965
     $
(60
 )   $
(273
 )   $
632
  
                                 
Other comprehensive (loss) income before reclassifications
    
(2,176
 )    
44
      
1
      
(2,131
 )
Amounts reclassified from accumulated other comprehensive income
    
–
      
–
      
–
      
–
  
Net current period other comprehensive (loss) income
    
(2,176
 )    
44
      
1
      
(2,131
 )
Balance at December 31, 2016
   $
(1,211
 )   $
(16
 )   $
(272
 )   $
(1,499
 )
                                 
Other comprehensive income (loss) before reclassifications
    
(721
 )    
209
      
(70
 )    
(582
 )
Amounts reclassified from accumulated other comprehensive income
    
151
      
–
      
–
      
151
  
Net current period other comprehensive income (loss)
    
(1,067
 )    
250
      
(120
 )    
(431
 )
Balance at December 31, 2017
   $
(2,278
 )   $
234
     $
(392
 )   $
(1,930
 )
 
2017
other comprehensive income includes a total of
$506
thousand income from remeasurement of deferred tax assets and liabilities. ASU
2018
-
02,
issued in
February 2018,
provides for the reclassification into retained earnings of tax effects stranded in other comprehensive income as a result of tax reform. Bancorp is evaluating timing of adopting ASU
2018
-
02
guidance, which will result in
$506
thousand being reclassified into retained earnings.
 
T
he following table illustrates activity within the reclassifications out of accumulated other comprehensive income (loss), for the years ended
December 31, 2017,
2016
and
2015.
 
Details
of accumulated
  
 
 
 
  
 
 
 
  
 
 
 
Affected line item in
o
ther
c
omprehensive
  
A
mount reclassified from A
ccumulated
  
the c
onsolidated
i
ncome (
l
oss)
c
omponents
  
o
ther
c
omprehensive
i
ncome (
l
oss)
  
s
tatements of
i
ncome
                           
   
For the years ended December 31,
    
(In thousands)
  
2017
    
2016
    
2015
    
Unrealized gains (losses) on securities available-for-sale:
                          
Realized loss on sale of available-for-sale securities
   $
(232
 )   $ –     $
–
  
L
oss on sale of securities
OTTI
impairment of equity security
    
–
       –      
(103
 )
Other non-interest expense
Effect of income taxes
    
81
       –      
36
  
Income tax expense
Reclassifications, net of income taxes
   $
(151
 )   $ –     $
(67
 )