Comprehensive Income

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Comprehensive Income

Note 2 – Comprehensive Income

The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale.

The following table presents the changes in accumulated other comprehensive income for the three and nine months ended September 30, 2016 and 2015:

	Unrealized holding gains on available-for-sale securities (net)
	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(dollars in thousands)
Beginning Balance	$	376		$	(68	)	$	(212	)	$	305
Other Comprehensive income (loss) before reclassifications,    net of $90,000, ($188,000), ($422,000) and ($191,000)    tax effect, respectively		(178	)		367			743			302
Amounts reclassified from accumulated other    comprehensive income, net of $1,000, $0,    $210,000 and $194,000 tax effect		(1	)		—			(334	)		(308	)
Net current-period other comprehensive income (loss)		(179	)		367			409			(6	)
Ending Balance	$	197		$	299		$	197		$	299