OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

OTHER COMPREHENSIVE INCOME

NOTE 8– OTHER COMPREHENSIVE INCOME

The amounts allocated to other comprehensive income are presented in the table below. Reclassification adjustments related to securities held for sale are included in net gain/loss on securities transactions in the accompanying consolidated statements of comprehensive income. For the periods presented, reclassifications adjustments related to securities held for sale was not material.

			Before		Tax		Net of
			Tax		(Expense)		Tax
(Dollars in Thousands)			Amount		Benefit		Amount
Three Months Ended June 30, 2017
Investment Securities:
Change in net unrealized gain/loss on securities available for sale			$	110	$	(42)	$	68
Amortization of losses on securities transferred from available for sale to held to
	maturity			18		(7)		11
		Total Other Comprehensive Loss	$	128	$	(49)	$	79
Six Months Ended June 30, 2017
Investment Securities:
Change in net unrealized gain/loss on securities available for sale			$	615	$	(238)	$	377
Amortization of losses on securities transferred from available for sale to held to
	maturity			38		(15)		23
		Total Other Comprehensive Income	$	653	$	(253)	$	400

			Before		Tax		Net of
			Tax		(Expense)		Tax
(Dollars in Thousands)			Amount		Benefit		Amount
Three Months Ended June 30, 2016
Investment Securities:
Change in net unrealized gain/loss on securities available for sale			$	908	$	(350)	$	558
Amortization of losses on securities transferred from available for sale to held to
	maturity			20		(8)		12
		Total Other Comprehensive Income	$	928	$	(358)	$	570
Six Months Ended June 30, 2016
Investment Securities:
Change in net unrealized gain/loss on securities available for sale			$	2,692	$	(1,038)	$	1,654
Amortization of losses on securities transferred from available for sale to held to
	maturity			39		(15)		24
		Total Other Comprehensive Income	$	2,731	$	(1,053)	$	1,678

Accumulated other comprehensive loss was comprised of the following components:
					Accumulated
	Securities				Other
	Available		Retirement		Comprehensive
(Dollars in Thousands)	for Sale		Plans		Loss
Balance as of January 1, 2017	$	(583)	$	(25,642)	$	(26,225)
Other comprehensive income during the period		400		-		400
Balance as of June 30, 2017	$	(183)	$	(25,642)	$	(25,825)
Balance as of January 1, 2016	$	(127)	$	(22,130)	$	(22,257)
Other comprehensive income during the period		1,678		-		1,678
Balance as of June 30, 2016	$	1,551	$	(22,130)	$	(20,579)