NOTE

– ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the changes in accumulated other comprehensive income (loss) (“AOCI”) by component net of tax for the

three

and

nine

months ended

September 30, 2019

and

2018,

respectively:

(Dollars in thousands)	Accumulated Other Comprehensive Income (Loss) (a)
Balance as of June 30, 2019	$	1,377
Other comprehensive income		783
Amount reclassified from accumulated other comprehensive income		(3	)
Balance at September 30, 2019	$	2,157


Balance as of December 31, 2018	$	(154	)
Other comprehensive income		2,464
Amount reclassified from accumulated other comprehensive income		(153	)
Balance at September 30, 2019	$	2,157

(Dollars in thousands)	Accumulated Other Comprehensive Income (Loss) (a)
Balance as of June 30, 2018	$	(431	)
Other comprehensive loss		(1,025	)
Balance at September 30, 2018	$	(1,456	)


Balance as of December 31, 2017	$	1,091
Other comprehensive loss		(2,593	)
Change in accounting principle, ASC 2016-01 (b)		(141	)
Change in accounting principle, ASC 2018-02 (b)		187
Period change		(2,547	)
Balance at September 30, 2018	$	(1,456	)

(a)

All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.

(b)

Reclassifications are the result of the adoption of ASUs

2016

and

2018

effective for the Company beginning

January 1, 2018.

The reclassifications are presented within the Consolidated Statement of Changes in Stockholders’ Equity for the affected transitional periods.

The following tables present significant amounts reclassified from or to each component of AOCI:

(Dollars in thousands)	Amounts Reclassified from Accumulated Other Comprehensive Income For the Three Months Ended					Affected Line Item in the Statement Where Net Income is
Details about other comprehensive income	September 30, 2019			September 30, 2018		Presented
Unrealized gains on available-for-sale securities (a)
	$	4		$	-	Investment securities gains on sale, net
		(1	)		-	Income taxes
	$	3		$	-

(Dollars in thousands)	Amount Reclassified from Accumulated Other Comprehensive Income For the Nine Months Ended					Affected Line Item in the Statement Where Net Income is
Details about other comprehensive income	September 30, 2019			September 30, 2018		Presented
Unrealized gains on available-for-sale securities (a)
	$	194		$	-	Investment securities gains on sale, net
		(41	)		-	Income taxes
	$	153		$	-

(a)

For unrealized gains on available-for-sale securities, amounts in parentheses indicate expenses and other amounts indicate income.