OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2017

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

15. OTHER COMPREHENSIVE INCOME

OCI components and related tax effects were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2017		2016		2017		2016
Available for Sale Securities:
Change in unrealized gain (loss) on securities available for sale	$	(237)	$	(788)	$	892	$	1,920
Change in unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings		90		57		244		(91)
Net unrealized gains (losses)		(147)		(731)		1,136		1,829
Tax effect		51		255		(399)		(640)
Net of tax		(96)		(476)		737		1,189
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges		9		127		(67)		(663)
Reclassification amount for derivative losses realized in income		51		83		175		256
Net unrealized gains (losses)		60		210		108		(407)
Tax effect		(21)		(75)		(37)		143
Net of tax		39		135		71		(264)
Total other comprehensive income (loss) components, net of tax	$	(57)	$	(341)	$	808	$	925

Significant amounts reclassified out of each component of AOCI for the three and nine months ended September 30, 2017 and 2016:

		Amounts Reclassified From Accumulated
			Other Comprehensive Income
	Affected Line Items	Three Months Ended				Nine Months Ended
	in the Consolidated	September 30,				September 30,
(in thousands)	Statements of Income	2017		2016		2017		2016
Cash Flow Hedges:
Interest rate swap on money market deposits	Interest expense on deposits	$	(27)	$	(42)	$	(87)	$	(128)
Interest rate swap on FHLB advance	Interest expense on FHLB advances		(24)		(41)		(88)		(128)
Total derivative losses on cash flow hedges	Total interest expense		(51)		(83)		(175)		(256)
Tax effect	Income tax expense		18		29		61		90
Net of tax	Net income	$	(33)	$	(54)	$	(114)	$	(166)

The following is a summary of the AOCI balances, net of tax:

			2017
(in thousands)	December 31, 2016		Change		September 30, 2017
Unrealized gain on securities available for sale	$	237	$	579	$	816
Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings		706		158		864
Unrealized loss on cash flow hedge		(256)		71		(185)
Total unrealized gain	$	687	$	808	$	1,495

			2016
(in thousands)	December 31, 2015		Change		September 30, 2016
Unrealized gain on securities available for sale	$	1,727	$	1,247	$	2,974
Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings		712		(58)		654
Unrealized loss on cash flow hedge		(390)		(264)		(654)
Total unrealized gain	$	2,049	$	925	$	2,974