Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Accumulated Other Comprehensive Income

NOTE 16 – ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the changes in accumulated other comprehensive (loss) income by component net of tax for the years ended December 31, 2017 and 2016.

(Dollars in thousands)	Pretax				Tax Effect				After-Tax				Affected Line Item In The Consolidated Statements Of Income
Balance as of December 31, 2016		$	(1,323	)		$	449			$	(874	)
Unrealized holding gain on available-for-sale securities arising during the period			376				(128	)			248
Amortization of held-to-maturity discount resulting from transfer			108				(36	)			72
Total other comprehensive income			484				(164	)			320
Deferred tax reclassification from retained earnings			–				(109	)			(109	)		(b)
Total other comprehensive income (loss) after reclassification			484				(273	)			211
BALANCE AS OF DECEMBER 31, 2017		$	(839	)		$	176			$	(663	)
Balance as of December 31, 2015		$	(631	)		$	214			$	(417	)
Unrealized holding gain on available-for-sale securities arising during the period			(1,221	)			415				(806	)
Amount reclassified for net gains included in net income			(1	)			–				(1	)		(a)
Amortization of held-to-maturity discount resulting from transfer			530				(180	)			350
Total other comprehensive income (loss)			(692	)			235				(457	)
BALANCE AS OF DECEMBER 31, 2016		$	(1,323	)		$	449			$	(874	)
Balance as of December 31, 2014		$	(427	)		$	145			$	(282	)
Unrealized holding gain on available-for-sale securities arising during the period			(551	)			187				(364	)
Amount reclassified for net gains included in net income			(56	)			19				(37	)		(a) (b)
Amortization of held-to-maturity discount resulting from transfer			403				(137	)			266
Total other comprehensive income (loss)			(204	)			69				(135	)
BALANCE AS OF DECEMBER 31, 2015		$	(631	)		$	214			$	(417	)

(a) Securities gain.

(b) Federal income tax provision.