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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

NOTE 7- ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three month period ended March 31, 2016 and 2015:

 

(Dollars in thousands)

   Pretax      Tax Effect      After-tax      Affected Line
Item in the
Consolidated
Statements of
Income

Three months ended March 31, 2016

           

Balance as of December 31, 2015

   $ (631    $ 214       $ (417   

Unrealized holding gain on available-for-sale securities arising during the period

     808         (275      533      

Amortization of held-to-maturity discount resulting from transfer

     46         (15      31       (a)
  

 

 

    

 

 

    

 

 

    

Total other comprehensive income

     854         (290      564      
  

 

 

    

 

 

    

 

 

    

Balance as of March 31, 2016

   $ 223       $ (76    $ 147      
  

 

 

    

 

 

    

 

 

    

Three months ended March 31, 2015

           

Balance as of December 31, 2014

   $ (427    $ 145       $ (282   

Unrealized holding gain on available-for-sale securities arising during the period

     768         (261      507      

Reclassify gain included in income

     (35      12         (23    (b, c)

Amortization of held-to-maturity discount resulting from transfer

     54         (18      36       (a)
  

 

 

    

 

 

    

 

 

    

Total other comprehensive income

     787         (267      520      
  

 

 

    

 

 

    

 

 

    

Balance as of March 31, 2015

   $ 360       $ (122    $ 238      
  

 

 

    

 

 

    

 

 

    

 

(a) There was no income statement effect from the transfer of securities to held-to-maturity.
(b) Securities gains
(c) Federal Income Tax Provision