XML 30 R17.htm IDEA: XBRL DOCUMENT v3.19.1
ACCUMULATED OTHER COMPREHENSIVE LOSS
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
NOTE 10 – ACCUMULATED OTHER COMPREHENSIVE LOSS
 
Accumulated other comprehensive income (loss) for the Company consists of changes in net unrealized gains and losses on investment securities available for sale and an interest rate swap derivative designated as a cash flow hedge. The reclassification of gains included in net income is recorded in gain on securities in the consolidated statement of income and comprehensive income. The following tables present a summary of the accumulated other comprehensive loss balances, net of tax, as of March 31, 2019 and 2018:
(dollars in thousands)
 
Unrealized
Gain (Loss)
on Derivatives
 
Unrealized
Gain (Loss)
on Securities
 
Accumulated
Other Comprehensive
Loss
Balance, December 31, 2018
 
$
351

 
$
(5,177
)
 
$
(4,826
)
Reclassification for gains included in net income, net of tax
 
—

 
(46
)
 
(46
)
Current year changes, net of tax
 
(173
)
 
3,867

 
3,694

Balance, March 31, 2019
 
$
178

 
$
(1,356
)
 
$
(1,178
)
(dollars in thousands) 
 
Unrealized
Gain (Loss)
on Derivatives
 
Unrealized
Gain (Loss)
on Securities
 
Accumulated
Other Comprehensive
Loss
Balance, December 31, 2017
 
$
292

 
$
(1,572
)
 
$
(1,280
)
Reclassification to retained earnings due to change in federal corporate tax rate
 
(53
)
 
(339
)
 
(392
)
Adjusted balance, January 1, 2018
 
239

 
(1,911
)
 
(1,672
)
Reclassification for gains included in net income, net of tax
 
—

 
(29
)
 
(29
)
Current year changes, net of tax
 
281

 
(9,403
)
 
(9,122
)
Balance, March 31, 2018
 
$
520

 
$
(11,343
)
 
$
(10,823
)