Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Accumulated Other Comprehensive Income

NOTE 6 – ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents the changes in accumulated other comprehensive income by component net of tax for the three and nine months ended September 30, 2013:

(Dollars in thousands)	Pretax			Tax (Expense) Benefit			After-tax			Affected Line Item in the Consolidated Statements of Income
Balance as of June 30, 2013	$	(1,258	)	$	428		$	(830	)
Unrealized holding gain on available-for-sale securities arising during the period		1,346			(457	)		889
Amount reclassified for net gains included in net income		149			(51	)		98		(a) (b)
Unrealized loss on securities transferred from Available-for-Sale to Held-to-Maturity		(1,915	)		651			(1,264	)
Amortization of Held-to-maturity discount resulting from transfer		182			(62	)		120
Total other comprehensive loss		(238	)		81			(157	)
Balance as of September 30, 2013	$	(1,496	)	$	509		$	(987	)
Balance as of December 31, 2012	$	2,824		$	(960	)	$	1,864
Unrealized holding loss on available-for-sale securities arising during the period		(2,746	)		934			(1,812	)
Amount reclassified for net gains included in net income		159			(54	)		105		(a) (b)
Unrealized loss on securities transferred from Available-for-Sale to Held-to-Maturity		(1,915	)		651			(1,264	)
Amortization of Held-to-maturity discount resulting from transfer		182			(62	)		120
Total other comprehensive loss		(4,320	)		1,469			(2,851	)
Balance as of September 30, 2013	$	(1,496	)	$	509		$	(987	)

(a) Securities gain, net

(b) Federal income tax provision