Note 9 - Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2012

Comprehensive Income (Loss) Note [Text Block]

9. OTHER COMPREHENSIVE INCOME (LOSS)

The tax effects allocated to each component of other comprehensive income (loss) were as follows (in thousands):

Three months ended March 31, 2012	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Change in accumulated gain (loss) on effective cash flow derivatives	$	68		$	25		$	43
Unrealized gain (loss) on investment securities with OTTI:
Securities with OTTI charges during the period		(39	)		(14	)		(25	)
Less: OTTI charges recognized in net income		(39	)		(14	)		(25	)
Net unrealized losses on investment securities with OTTI
		—			—			—
Unrealized gain (loss) on investment securities:
Unrealized holding gain (loss) arising during the period		31			10			21
Less: reclassification adjustment for gain included in net income		12			4			8
Net unrealized gains (losses) on investment securities		19			6			13
Other comprehensive income (loss)	$	87		$	31		$	56

Three months ended March 31, 2011	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Change in accumulated gain (loss) on effective cash flow derivatives	$	233		$	84		$	149
Unrealized gain (loss) on investment securities with OTTI:
Securities with OTTI charges during the period		(105	)		(38	)		(67	)
Less: OTTI charges recognized in net income		(88	)		(32	)		(56	)
Net unrealized losses on investment securities with OTTI
		(17	)		(6	)		(11	)
Unrealized gain (loss) on investment securities:
Unrealized holding gain (loss) arising during the period		(722	)		(260	)		(462	)
Less: reclassification adjustment for gain included in net income		(50	)		(18	)		(32	)
Net unrealized gains (losses) on investment securities		(672	)		(242	)		(430	)
Other comprehensive income (loss)	$	(456	)	$	(164	)	$	(292	)

The balance of and changes in each component of accumulated other comprehensive income (loss) as of and for the three months ended March 31, 2012 are as follows (net of taxes):

	Gains (Losses) on Effective Cash Hedging Derivatives			Net Unrealized Gains (Losses) on Investments with OTTI			Net Unrealized Investment Gains		Total Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2011	$	(1,275	)	$	(1,000	)	$	2,110	$	(165	)
Current period  change		43			11			2		56
Balance March 31, 2012	$	(1,232	)	$	(989	)	$	2,112	$	(109	)