Income Tax Effects on Items of Comprehensive Income

9 Months Ended

Sep. 30, 2014

Income Tax Effects on Items of Comprehensive Income [Abstract]

INCOME TAX EFFECTS ON ITEMS OF COMPREHENSIVE INCOME (LOSS)

NOTE 10 – INCOME TAX EFFECTS ON ITEMS OF COMPREHENSIVE INCOME

	Three Months Ended						Nine Months Ended
	September 30, 2014						September 30, 2014
Period ended September 30, 2014	Pre-tax			Income Tax			Pre-tax			Income Tax
(dollars in thousands)	Inc. (Exp.)			Exp. (Credit)			Inc. (Exp.)			Exp. (Credit)
Unrealized gain (loss) on securities available for sale	$	(272	)	$	(107	)	$	218		$	86
Amortization of unrealized gain on securities available for sale transferred
to securities held to maturity included in net income		(83	)		(33	)		(251	)		(99	)
Unrealized gain (loss) on interest rate swap		33			13			(28	)		(11	)
Reclassification adjustment of interest rate swap settlements included in earnings		46			18			140			55
Totals	$	(276	)	$	(109	)	$	79		$	31

	Three Months Ended						Nine Months Ended
	September 30, 2013						September 30, 2013
Period ended September 30, 2013	Pre-tax			Income Tax			Pre-tax			Income Tax
(dollars in thousands)	Inc. (Exp.)			Exp. (Credit)			Inc. (Exp.)			Exp. (Credit)
Unrealized loss on securities available for sale	$	(416	)	$	(151	)	$	(1,277	)	$	(497	)
Reclassification adjustment for security gain included in net income		–			–			(12	)		(5	)
Accretion (amortization) of unrealized gain on securities available
for sale transferred to securities held to maturity included in net income		3			(13	)		(319	)		(144	)
Unrealized gain (loss) on interest rate swap		(62	)		(23	)		75			30
Reclassification adjustment of interest rate swap settlements included in earnings		47			19			139			55
Totals	$	(428	)	$	(168	)	$	(1,394	)	$	(561	)