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Comprehensive Income
 3 Months Ended
Mar. 31, 2016
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)

     March 31, 2016       December 31, 2015       March 31, 2015  

Unrealized gain (loss) on securities available for sale

   $ (349 )   (1,163 )   (442 )

     Deferred tax asset (liability)

   136   454   173

Net unrealized gain (loss) on securities available for sale

   (213 )   (709 )   (269 )
     

Additional pension asset (liability)

   (4,606 )   (4,657 )   (288 )

     Deferred tax asset (liability)

   1,796   1,816   112

Net additional pension asset (liability)

   (2,810 )   (2,841 )   (176 )
     

Total accumulated other comprehensive income (loss)

   $ (3,023 )   (3,550 )   (445 )

 

The following table discloses the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2016 (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, 2016

   $ (709 )   (2,841 )   (3,550 )

     Other comprehensive income (loss) before reclassifications

   498  

—

   498

     Amounts reclassified from accumulated other comprehensive income

   (2 )   31   29

Net current-period other comprehensive income (loss)

   496   31   527
     

Ending balance at March 31, 2016

   $ (213 )   (2,810 )   (3,023 )

 

The following table discloses the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 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

   152  

—

   152

     Amounts reclassified from accumulated other comprehensive income

  

—

   (19 )   (19 )

Net current-period other comprehensive income (loss)

   152   (19 )   133
     

Ending balance at March 31, 2015

   $ (269 )   (176 )   (445 )