Other Comprehensive Income

6 Months Ended

Jun. 30, 2011

Other Comprehensive Income (Loss) [Abstract]

Other Comprehensive Income

Note 7: Other Comprehensive Income

Other comprehensive income components and related taxes for the six months ended June 30, 2011 and 2010, were as follows:

	6/30/2011			6/30/2010
Unrealized gains on available-for-sale securities	$	931,294		$	2,528,826
Accretion of gains on interest rate swaps into income		-			(508,746	)
Less: Reclassification adjustment for realized gains included in income		(115,798	)		(173,888	)
Other comprehensive income, before tax effect		815,496			1,846,192
Tax expense		301,733			683,091
Other comprehensive income	$	513,763		$	1,163,101

The components of accumulated other comprehensive income, included in stockholders' equity, are as follows:

	6/30/2011		12/31/2010
Unrealized gain on available-for-sale securities	$	3,740,902	$	2,925,404
Tax effect		1,384,135		1,082,400
Net of tax amount	$	2,356,767	$	1,843,004