Statement of Other Comprehensive Income (Loss)

3 Months Ended

Dec. 31, 2011

Statement Of Other Comprehensive Income Loss

Statement of Other Comprehensive Income (Loss)

Note 3 – Statement of Other Comprehensive Income (Loss)

Other comprehensive income (loss) (or “OCI”) is comprised of unrealized gains or losses on securities available for sale as required by FASB ASC 320 and pension liability adjustments as required by FASB ASC 715. There was a drop in the discount rate from 5.5% to 5.25% in 2010 and from 5.25% to 5% in 2011. That drop was offset by changes in assumptions in the rate of compensation increase from 4.5% to 3% in 2010 and from 3% to 2% in 2011.The quarterly accruals for estimated annual pension liability partially offset by the unrealized gain on securities available for sale for the current quarter resulted in an OCI loss of $136,179 for the three months ended December 31, 2011. The larger quarterly accruals for estimated annual pension liability added to the unrealized loss for the three months ended December 31, 2010 resulted in an OCI loss of $163,707 for the period.

	December 31,			December 31,			September 30,
	2011			2010			2011
Pension adjustment		(2,801,961	)		(2,364,451	)		(2,604,296	)
Net unrealized gain on securities available for sale		(27,414	)		(39,108	)		(88,900	)
Accumulated other comprehensive loss		(2,829,375	)		(2,403,559	)		(2,693,196	)