Note 9 - Other Comprehensive Income

6 Months Ended

Jun. 30, 2014

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Note 9. Other Comprehensive Income

The following table presents the components of other comprehensive income (loss) for the three and six months ended June 30, 2014 and 2013.

(dollars in thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended June 30, 2014
Net unrealized gain on securities available-for-sale:
Net unrealized gain on securities available-for-sale	$	3,900		$	1,559		$	2,341
Less: Reclassification adjustment for net gains included in net income		(2	)		(1	)		(1	)
Other Comprehensive Income Gain	$	3,898		$	1,558		$	2,340
Three Months Ended June 30, 2013
Net unrealized loss on securities available-for-sale:
Net unrealized loss on securities available-for-sale	$	(9,025	)	$	(3,610	)	$	(5,415	)
Less: Reclassification adjustment for net gains included in net income		-			-			-
Other Comprehensive Income Loss	$	(9,025	)	$	(3,610	)	$	(5,415	)
Six Months Ended June 30, 2014
Net unrealized gain on securities available-for-sale:
Net unrealized gain on securities available-for-sale	$	8,605		$	3,442		$	5,163
Less: Reclassification adjustment for net gains included in net income		(10	)		(4	)		(6	)
Other Comprehensive Income Gain	$	8,595		$	3,438		$	5,157
Six Months Ended June 30, 2013
Net unrealized loss on securities available-for-sale:
Net unrealized loss on securities available-for-sale	$	(10,598	)	$	(4,239	)	$	(6,359	)
Less: Reclassification adjustment for net gains included in net income		(23	)		(10	)		(13	)
Other Comprehensive Income Loss	$	(10,621	)	$	(4,249	)	$	(6,372	)

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2014 and 2013.

	Securities			Accumulated Other
(dollars in thousands)	Available For Sale			Comprehensive (Loss) Income
Three Months Ended June 30, 2014
Balance at Beginning of Period	$	(502	)	$	(502	)
Other comprehensive income before reclassifications		2,341			2,341
Amounts reclassified from accumulated other comprehensive income		(1	)		(1	)
Net other comprehensive income during period		2,340			2,340
Balance at End of Period	$	1,838		$	1,838
Three Months Ended June 30, 2013
Balance at Beginning of Period	$	4,508		$	4,508
Other comprehensive (loss) before reclassifications		(5,415	)		(5,415	)
Amounts reclassified from accumulated other comprehensive income		-			-
Net other comprehensive (loss) during period		(5,415	)		(5,415	)
Balance at End of Period	$	(907	)	$	(907	)
Six Months Ended June 30, 2014
Balance at Beginning of Period	$	(3,319	)	$	(3,319	)
Other comprehensive income before reclassifications		5,163			5,163
Amounts reclassified from accumulated other comprehensive income		(6	)		(6	)
Net other comprehensive income during period		5,157			5,157
Balance at End of Period	$	1,838		$	1,838
Six Months Ended June 30, 2013
Balance at Beginning of Period	$	5,465		$	5,465
Other comprehensive (loss) before reclassifications		(6,359	)		(6,359	)
Amounts reclassified from accumulated other comprehensive income		(13	)		(13	)
Net other comprehensive (loss) during period		(6,372	)		(6,372	)
Balance at End of Period	$	(907	)	$	(907	)

 The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2014 and 2013.

	Amount Reclassified from					Affected Line Item in
Details about Accumulated Other	Accumulated Other					the Statement Where
Comprehensive Income Components (dollars in thousands)	Comprehensive (Loss) Income					Net Income is Presented
	Three Months Ended June 30,
	2014			2013
Realized gain on sale of investment securities	$	2		$	-	Gain on sale of investment securities
		(1	)		-	Tax Expense
Total Reclassifications for the Period	$	1		$	-	Net of Tax

	Amount Reclassified from						Affected Line Item in
Details about Accumulated Other	Accumulated Other						the Statement Where
Comprehensive Income Components (dollars in thousands)	Comprehensive (Loss) Income						Net Income is Presented
	Six Months Ended June 30,
	2014			2013
Realized gain on sale of investment securities	$	10		$	23		Gain on sale of investment securities
		(4	)		(10	)	Tax Expense
Total Reclassifications for the Period	$	6		$	13		Net of Tax