Comprehensive Income

9 Months Ended

Sep. 30, 2011

Comprehensive Income

2. Comprehensive Income

Comprehensive income is defined as the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Comprehensive income for the Company includes net income attributable to the Company and other comprehensive income representing the net unrealized gains and losses on securities available for sale. The following table sets forth the components of other comprehensive income and the allocated tax amounts for the three and nine months ended September 30, 2011 and 2010:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	(In thousands)						(In thousands)
Unrealized gains on securities:
Unrealized holding gains arising during the period	$	711		$	617		$	2,148		$	1,593
Income tax expense		(281	)		(244	)		(851	)		(631	)
Net of tax amount		430			373			1,297			962
Less: reclassification adjustment for (gains) losses included in net income		(11	)		0			8			0
Income tax expense (benefit)		4			0			(3	)		0
Net of tax amount		(7	)		0			5			0
Other comprehensive income	$	423		$	373		$	1,302		$	962