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Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2013
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income

NOTE 2 - ACCUMULATED OTHER COMPREHENSIVE INCOME)

The following table presents the components of comprehensive loss for the years ended December 31, 2013 and 2012. The Company’s comprehensive losses were solely for securities for the years ended December 31, 2013 and 2012. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

Year Ended December 31, 2012

(dollars in thousands)

 

Before Tax

 

Tax Effect

 

Net of Tax

 

Before Tax

 

Tax Effect

 

Net of Tax

Net unrealized holding loss

 

 

 

 

 

 

 

 

 

 

 

 

   arising during period

 

$          (1,813)

 

$             (617)

 

$          (1,196)

 

$             (227)

 

$               (77)

 

$             (150)

Reclassification adjustments

 

 -

 

 -

 

 -

 

 -

 

 -

 

 -

Other comprehensive loss

 

$          (1,813)

 

$             (617)

 

$          (1,196)

 

$             (227)

 

$               (77)

 

$             (150)

 

The following table presents the changes in each component of accumulated other comprehensive income, net of tax, for the years ended December 31, 2013 and 2012.

 

 

 

 

 

 

 

 

 

Year Ended
December 31, 2013

 

Year Ended
December 31, 2012

(dollars in thousands)

 

Net Unrealized Gains

And Losses

 

Net Unrealized Gains

And Losses

 

 

 

 

 

Beginning of period

 

$                  139 

 

$                  289 

Other comprehensive loss

 

 

 

 

   before reclassifications

 

(1,196)

 

(150)

Amounts reclassified from accumulated

 

 

 

 

   other comprehensive income

 

 -

 

 -

Net other comprehensive loss

 

(1,196)

 

(150)

End of period

 

$              (1,057)

 

$                  139