Note 3 - Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

NOTE 3 Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) and the related tax effects were as follows:

	For the years ended December 31,
	2015						2014							2013
(Dollars in thousands)	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect			Net of Tax		Before Tax			Tax Effect			Net of Tax
Securities available for sale:
Gross unrealized gains (losses) arising during the period	$	344		137		207		38		(218	)		256		(1,272	)		(647	)		(625	)
Less reclassification of net gains included in net income		6		3		3		0		0			0		0			0			0
Net unrealized gains (losses) arising during the period		338		134		204		38		(218	)		256		(1,272	)		(647	)		(625	)
Other comprehensive income (loss)	$	338		134		204		38		(218	)		256		(1,272	)		(647	)		(625	)

The tax effect in 2014 includes the impact of the reversal of certain deferred tax asset valuation reserve components that reversed in 2014 as a result of the changes that occurred in the investment portfolio during the year.