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Comprehensive Income
 6 Months Ended
Jun. 30, 2015
Comprehensive Income [Abstract]  
Comprehensive Income

Note 12 – Comprehensive Income

 

Comprehensive income is defined as the change in equity during a period for non-owner transactions and is divided into net income and other comprehensive income. Other comprehensive income includes revenues, expenses, gains, and losses that are excluded from earnings under current accounting standards. The components of accumulated other comprehensive income for the Company are as follows:

  

($ in thousands)

  

June 30, 2015

 
  December 31, 2014

 

  

June 30, 2014

 

Unrealized gain (loss) on securities available for sale

  $ (1,433 )
(691 )   (1,755 )

Deferred tax asset (liability)

  560
270   685

Net unrealized gain (loss) on securities available for sale

  (873 )
(421 )   (1,070 )
 
 

Additional pension asset (liability)

  (304 )
(257 )   5,025

     Deferred tax asset (liability)

  118
100   (1,937 )

Net additional pension asset (liability)

  (186 )
(157 )   3,088
 
 

Total accumulated other comprehensive income (loss)

  $ (1,059 )
(578 )   2,018

 

The following table discloses the changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2015 (all amounts are net of tax).

 

($ in thousands)

  

Unrealized Gain
(Loss) on
Securities
Available for Sale

 

  

Additional
Pension Asset (Liability)

 

  

Total

 

Beginning balance at January 1, 2015

  $ (421 )   (157 )   (578 )

Other comprehensive income (loss) before reclassifications

  (452 )  

—

  (452 )

Amounts reclassified from accumulated other comprehensive income

 

—

  (29 )   (29 )

Net current-period other comprehensive income (loss)

  (452 )   (29 )   (481 )
     

Ending balance at June 30, 2015

  $ (873 )   (186 )   (1,059 )

 

The following table discloses the changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2014 (all amounts are net of tax).

 

($ in thousands)

  

Unrealized Gain
(Loss) on
Securities
Available for Sale 

 

  

Additional
Pension Asset (Liability)

 

  

Total

 

Beginning balance at January 1, 2014

  $ (1,232 )   3,132   1,900

Other comprehensive income (loss) before reclassifications

 

642


 

—

 

642

Amounts reclassified from accumulated other comprehensive income

 

(480

 )   (44 )   (524 )

Net current-period other comprehensive income (loss)


162   (44 )   118
     

Ending balance at June 30, 2014

  $ (1,070 )   3,088   2,018