Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2019

Other Comprehensive Income (Loss) [Abstract]

Other Comprehensive Income (Loss)

Note 11 – Other Comprehensive Income (Loss)

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

	Year Ended December 31,
	2019						2018
	(In Thousands)
	Before		Tax		Net of		Before		Tax		Net of
	Tax		Effect		Tax		Tax		Effect		Tax
Change in accumulated other comprehensive income (loss):
Unrealized holding gains (losses) on securities    available for sale	$	3,275	$	(688)	$	2,587	$	(1,602)	$	336	$	(1,266)
Reclassification adjustments for gains on securities    transactions included in net income (A),(B)		-		-		-		-		-		-
Total other comprehensive income (loss)	$	3,275	$	(688)	$	2,587	$	(1,602)	$	336	$	(1,266)
(A) Realized gains on securities transactions included in gain on sales of securities, net, in the accompanying Consolidated Statements of Income.
(B) Tax effect included in income tax expense in the accompanying Consolidated Statements of Income.

There were no gains on securities available for sale for the twelve months ended December 31, 2019 and 2018.

A summary of the accumulated other comprehensive income (loss), net of tax, is as follows:

	Securities
	Available
	for Sale
	(In Thousands)
Year Ended December 31, 2019 and 2018
Balance January 1, 2019	$	(1,247)
Other comprehensive income before reclassifications		2,587
Amounts reclassified from accumulated other    comprehensive income		-
Net other comprehensive income during the period		2,587
Balance December 31, 2019	$	1,340
Balance January 1, 2018	$	19
Other comprehensive loss before reclassifications		(1,266)
Amounts reclassified from accumulated other    comprehensive income		-
Net other comprehensive loss during the period		(1,266)
Balance December 31, 2018	$	(1,247)