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Comprehensive Income
 9 Months Ended
Sep. 30, 2016
Comprehensive Income [Abstract]  
Comprehensive Income

Note 13 – 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)

  September 30,
2016		   December 31,
2015		   September 30,
2015		 
Unrealized gain (loss) on securities available for sale  $1,964    (1,163)   (843)
     Deferred tax asset (liability)   (767)   454    329 
Net unrealized gain (loss) on securities available for sale   1,197    (709)   (514)
                
Additional pension liability   (4,505)   (4,657)   (320)
     Deferred tax liability   1,757    1,816    124 
Net additional pension liability   (2,748)   (2,841)   (196)
                
Total accumulated other comprehensive loss  $(1,551)   (3,550)   (710)

 

The following table discloses the changes in accumulated other comprehensive income (loss) for the nine months ended September 30, 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 before reclassifications   1,908    —    1,908 
     Amounts reclassified from accumulated other comprehensive income   (2)   93    91 
Net current-period other comprehensive income   1,906    93    1,999 
                
Ending balance at September 30, 2016  $1,197    (2,748)   (1,551)

 

The following table discloses the changes in accumulated other comprehensive loss for the nine months ended September 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 loss before reclassifications   (94)   —    (94)
     Amounts reclassified from accumulated other comprehensive income   1    (39)   (38)
Net current-period other comprehensive loss   (93)   (39)   (132)
                
Ending balance at September 30, 2015  $(514)   (196)   (710)