Note 6 - Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2018

NOTE

– ACCUMULATED OTHER COMPREHENSIVE INCOME

The following tables present the changes in accumulated other comprehensive income by component net of tax for the

three

months ended

March 31, 2018

and

2017,

respectively:

(Dollars in thousands)	Unrealized gains on available-for-sale securities (a)
Balance as of December 31, 2017	$	1,091
Other comprehensive (loss) before reclassification		(1,510	)
Change in accounting principle, ASC 2016-01 (b)		(141	)
Change in accounting principle, ASC 2018-02 (b)		187
Period change		(1,464	)
Balance at March 31, 2018	$	(373	)

(Dollars in thousands)	Unrealized gains on available-for-sale securities (a)
Balance as of December 31, 2016	$	1,201
Other comprehensive income before reclassification		153
Amount reclassified from accumulated other comprehensive income		(322	)
Period change		(169	)
Balance at March 31, 2017	$	1,032

(a)

All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive income.

(b)

Reclassifications are the result of the adoption of ASUs

2016

and

2018

effective for the Company beginning

January 1, 2018.

The reclassifications are presented within the Consolidated Statement of Changes in Stockholders’ Equity for the affected transitional periods.

The following tables present significant amounts reclassified from or to each component of accumulated other comprehensive income:

	Amounts Reclassified from Accumulated Other Comprehensive					Affected Line Item in
	Income					the Statement Where
(Dollars in thousands)	For the Three Months Ended					Net Income is
Details about other comprehensive income	March 31, 2018		March 31, 2017			Presented
Unrealized gains on available-for-sale securities (a)	$	-	$	488		Investment securities gains on sale, net
		-		(166	)	Income taxes
	$	-	$	322

(a)

For unrealized gains on available-for-sale securities, amounts in parentheses indicate expenses and other amounts indicate income.