Other Comprehensive Income

9 Months Ended

Sep. 30, 2011

Stockholders' Equity Note [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Note 7. Other Comprehensive Income

Other comprehensive income consists of unrealized holding gains and losses on securities available for sale. The following is a summary of other comprehensive income for the three and nine months ended September 30, 2011 and 2010.

	Three Months Ended
	September 30,
	2011		2010
Net income	$	523,668	$	213,674
Unrealized holding gains (losses) on securities available for sale, net of reclassification		509,154		(116,539	)

Comprehensive income	$	1,032,822	$	97,135

	Nine Months Ended
	September 30,
	2011		2010
Net income	$	917,230	$	575,607
Unrealized holding gains on securities available for sale, net of reclassification		1,404,724		1,071,412

Comprehensive income	$	2,321,954	$	1,647,019

- Definition

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References

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+ Details