Other Comprehensive (Loss) Income

9 Months Ended

Sep. 30, 2015

Other Comprehensive (Loss) Income [Abstract]

NOTE 6 – OTHER COMPREHENSIVE (LOSS) INCOME

Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income.

The components of other comprehensive income, both before tax and net of tax, are as follows:


	Three Months Ended September 30, 2015						Three Months Ended September 30, 2014
	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
(Dollars in thousands)
Other comprehensive (loss) income:
Unrealized gains on available for sale securities	$	1,024	$	410	$	614	$	511	$	204	$	307
Reclassification adjustment for net gains on securities transactions included in net income		(11)		(5)		(6)		(164)		(66)		(98)
Total other comprehensive (loss) income	$	1,013	$	405	$	608	$	347	$	138	$	209


	Nine Months Ended September 30, 2015						Nine Months Ended September 30, 2014
	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
(Dollars in thousands)
Other comprehensive (loss) income:
Unrealized gains on available for sale securities	$	174	$	70	$	104	$	3,864	$	1,545	$	2,319
Reclassification adjustment for net gains on securities transactions included in net income		(267)		(107)		(160)		(258)		(103)		(155)
Total other comprehensive (loss) income	$	(93)	$	(37)	$	(56)	$	3,606	$	1,442	$	2,164