Note 6 - Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

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6

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Other

Comprehensive

Income

(Loss)

Other comprehensive income (loss) is defined as the change in equity during a period from transactions and other events from nonowner sources. Comprehensive income is the total of net income and other comprehensive income (loss), which for the Company is comprised of unrealized gains and losses on securities available for sale. The components of other comprehensive income (loss) and the related tax effects were as follows:

	For the three months ended September 30,
(Dollars in thousands)	2020									2019
Securities available for sale:	Before tax			Tax effect			Net of tax			Before tax		Tax effect		Net of tax
Net unrealized (losses) gains arising during the period	$	(281	)		(79	)		(202	)		206		57		149
Other comprehensive income (loss)	$	(281	)		(79	)		(202	)		206		57		149

	For the nine months ended September 30,
(Dollars in thousands)	2020						2019
Securities available for sale:	Before tax		Tax effect		Net of tax		Before tax		Tax effect		Net of tax
Net unrealized gains arising during the period	$	1,800		503		1,297		1,491		416		1,075
Other comprehensive income	$	1,800		503		1,297		1,491		416		1,075