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 and nine month period ended September 30, 2019 and 2018:
(Dollars in thousands) |
|
Pretax |
|
|
Tax Effect |
|
|
After-tax |
|
Three months ended September 30, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of June 30, 2019 |
|
$ |
(245 |
) |
|
$ |
51 |
|
|
$ |
(194 |
) |
Unrealized holding gain on available-for-sale securities arising during
the period |
|
|
275 |
|
|
|
(58 |
) |
|
|
217 |
|
Amortization of held-to-maturity discount resulting from transfer |
|
|
15 |
|
|
|
(3 |
) |
|
|
12 |
|
Total other comprehensive income |
|
|
290 |
|
|
|
(61 |
) |
|
|
229 |
|
Balance as of September 30, 2019 |
|
$ |
45 |
|
|
$ |
(10 |
) |
|
$ |
35 |
|
Nine months ended September 30, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2018 |
|
|
(1,786 |
) |
|
|
374 |
|
|
$ |
(1,412 |
) |
Unrealized holding gain on available-for-sale securities arising during
the period |
|
|
1,786 |
|
|
|
(374 |
) |
|
|
1,412 |
|
Amortization of held-to-maturity discount resulting from transfer |
|
|
45 |
|
|
|
(10 |
) |
|
|
35 |
|
Total other comprehensive income |
|
|
1,831 |
|
|
|
(384 |
) |
|
|
1,447 |
|
Balance as of September 30, 2019 |
|
$ |
45 |
|
|
$ |
(10 |
) |
|
$ |
35 |
|
Three months ended September 30, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of June 30, 2018 |
|
$ |
(2,301 |
) |
|
$ |
483 |
|
|
$ |
(1,818 |
) |
Unrealized holding loss on available-for-sale securities arising during
the period |
|
|
(620 |
) |
|
|
129 |
|
|
|
(491 |
) |
Amortization of held-to-maturity discount resulting from transfer |
|
|
20 |
|
|
|
(4 |
) |
|
|
16 |
|
Total other comprehensive loss |
|
|
(600 |
) |
|
|
125 |
|
|
|
(475 |
) |
Balance as of September 30, 2018 |
|
$ |
(2,901 |
) |
|
$ |
608 |
|
|
$ |
(2,293 |
) |
Nine months ended September 30, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2017 |
|
$ |
(839 |
) |
|
$ |
176 |
|
|
$ |
(663 |
) |
Unrealized holding loss on available-for-sale securities arising during
the period |
|
|
(2,088 |
) |
|
|
439 |
|
|
|
(1,649 |
) |
Amortization of held-to-maturity discount resulting from transfer |
|
|
62 |
|
|
|
(14 |
) |
|
|
48 |
|
Total other comprehensive loss |
|
|
(2,026 |
) |
|
|
425 |
|
|
|
(1,601 |
) |
Reclassify equity AOCI gain to retained earnings |
|
|
(36 |
) |
|
7 |
|
|
|
(29 |
) |
Balance as of September 30, 2018 |
|
$ |
(2,901 |
) |
|
$ |
608 |
|
|
$ |
(2,293 |
) |
|