ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2016

Comprehensive Income (Loss) [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 11 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) includes net income (loss) and all other changes in the equity of a business from transactions and other events and circumstances from non-owner sources.  These changes, other than net income (loss), are referred to as “other comprehensive income (loss)” and for the Company include primarily changes in the fair value, net of tax, of its investment securities available-for-sale and the pension liability. 

The following are changes in accumulated other comprehensive (loss) income by category (in thousands):

	Investment Securities Available-for-Sale			Foreign Currency Translation Adjustments			SERP Pension Liability			Total
Balance, December 31, 2015, net of tax of $(505), $(4) and $(2,524)	$	(34	)	$	(8	)	$	(3,491	)	$	(3,533	)
Current-period other comprehensive (loss) income	(975		)	—			141			(834		)
Balance, June 30, 2016, net of tax of $(955), $2 and $(2,422)	$	(1,009	)	$	(8	)	$	(3,350	)	$	(4,367	)

Amounts reclassified from accumulated other comprehensive income were reflected in the consolidated financial statements, as follows:

Category	Locations in the consolidated financial statements
Investment securities available-for-sale	Revenues - Financial fund management
SERP pension liability	General and administrative expenses
Foreign currency translation adjustments	Other income