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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Accumulated Other Comprehensive Income

The following table presents the changes in accumulated other comprehensive income for the years ended December 31, 2017, 2016 and 2015:

 

 

 

Year ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

(dollars in thousands)

 

Beginning Balance

 

$

(1,318

)

 

$

(212

)

 

$

305

 

Accumulated Other comprehensive income (loss) before reclassifications,

   net of ($185), $359 and $60 tax effect, respectively

 

 

356

 

 

 

(772

)

 

 

(188

)

Amounts reclassified from accumulated other comprehensive

   income, net of $4, ($210), and ($207) tax effect,

   respectively

 

 

10

 

 

 

(334

)

 

 

(329

)

Net current-period other comprehensive loss

 

 

366

 

 

 

(1,106

)

 

 

(517

)

Tax Cuts and Jobs Act of 2017, reclassification from AOCI

  to retained earnings, tax effect

 

 

(155

)

 

 

 

 

 

 

Ending Balance

 

$

(1,107

)

 

$

(1,318

)

 

$

(212

)

 

Computation of Weighted Average Shares Used in the Calculation of Basic and Dilutive Earnings Per Share

The computation of weighted average shares used in the calculation of basic and dilutive earnings per share is summarized below:

 

 

 

2017

 

 

2016

 

 

2015

 

Weighted average number of common shares used in

   computing basic net income per common share

 

 

7,138,635

 

 

 

7,238,908

 

 

 

7,337,586

 

Effect of dilutive stock options

 

 

738

 

 

 

106

 

 

 

 

Weighted average number of common shares and dilutive

   potential common shares used in computing diluted net

   income per common share

 

 

7,139,373

 

 

 

7,239,014

 

 

 

7,337,586