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Comprehensive Income
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Comprehensive Income

Note 2 – Comprehensive Income

The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale.

The following table presents the changes in accumulated other comprehensive income for the three and nine months ended September 30, 2017 and 2016:

 

 

 

Unrealized holding gains on available-for-sale securities (net)

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Balance

 

$

(761

)

 

$

376

 

 

$

(1,318

)

 

$

(212

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Comprehensive income (loss) before reclassifications,

   net of ($14,000), $90,000, ($301,000) and ($422,000) tax

   effect, respectively

 

 

26

 

 

 

(178

)

 

 

583

 

 

 

743

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other

   comprehensive income, net of ($5,000), $1,000, ($5,000)

   and $210,000 tax effect

 

 

9

 

 

 

(1

)

 

 

9

 

 

 

(334

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net current-period other comprehensive income (loss)

 

 

35

 

 

 

(179

)

 

 

592

 

 

 

409

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending Balance

 

$

(726

)

 

$

197

 

 

$

(726

)

 

$

197