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Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2017
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income (Loss)

NOTE 4 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the components of comprehensive income for the three and six months ended June 30, 2017 and 2016. The Company’s “other comprehensive” income was solely related to securities for the three and six months ended June 30, 2017 and 2016.

 







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended June 30, 2017

 

Three Months Ended June 30, 2016

(dollars in thousands)

 

Before Tax

 

Tax Effect

 

Net of Tax

 

Before Tax

 

Tax Effect

 

Net of Tax

 Net unrealized holding gains

 

 

 

 

 

 

 

 

 

 

 

 

    arising during period

 

$          524 

 

$          206 

 

$                  318 

 

$          141 

 

$            55 

 

$                  86 

 Reclassification adjustments

 

(9)

 

(3)

 

(6)

 

(30)

 

(10)

 

(20)

Other comprehensive income

 

$          515 

 

$          203 

 

$                  312 

 

$          111 

 

$            45 

 

$                  66 







 

 

 

 

 

 

 

 

 

 

 

 

 



 

Six Months Ended June 30, 2017

 

Six Months Ended June, 2016

 

(dollars in thousands)

 

Before Tax

 

Tax Effect

 

Net of Tax

 

Before Tax

 

Tax Effect

 

Net of Tax

 

Net unrealized holding  gains

  arising during period

 

$          734 

 

$          289 

 

$                  445 

 

$          535 

 

$          210 

 

$                 325 

 

 Reclassification adjustments

 

(9)

 

(3)

 

(6)

 

(30)

 

(10)

 

(20)

 

Other comprehensive income

 

$          725 

 

$          286 

 

$                  439 

 

$          505 

 

$          200 

 

$                 305 

 



The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three and six months ended June 30, 2017 and 2016.







 

 

 

 

 

 

 

 

 



 

Three Months Ended

June 30, 2017

 

Three Months Ended

June 30, 2016

 

Six Months Ended

June 30, 2017

 

Six Months Ended

June 30, 2016

 

(dollars in thousands)

 

Net Unrealized Gains And Losses

 

Net Unrealized Gains And Losses

 

Net Unrealized Gains And Losses

 

Net Unrealized Gains And Losses

 



 

 

 

 

 

 

 

 

 

Beginning of period

 

$                 (801)

 

$                   (12)

 

$                 (928)

 

$                 (251)

 

Other comprehensive gains, net

 

 

 

 

 

 

 

 

 

   of tax before reclassifications

 

318 

 

86 

 

445 

 

325 

 

Amounts reclassified from accumulated

 

 

 

 

 

 

 

 

 

    other comprehensive loss

 

(6)

 

(20)

 

(6)

 

(20)

 

Net other comprehensive income

 

312 

 

66 

 

439 

 

305 

 

End of period

 

$                 (489)

 

$                    54 

 

$                 (489)

 

$                    54