Other Comprehensive Income (Loss)

9 Months Ended

Jun. 30, 2012

Other Comprehensive Income Loss

Other Comprehensive Income (Loss)

Note 3 – 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 increase rate of compensation which decreased 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 $306,546 for the nine months ended June 30, 2012. The quarterly accruals for estimated annual pension liability added to the unrealized loss for the nine months ended June 30, 2011 and resulted in an OCI loss of $406,817 for the period.

	June 30,			June 30,			September 30,
	2012			2011			2011
Pension adjustment		(3,014,936	)		(2,656,100	)		(2,604,296	)
Net unrealized gain/(loss) on securities available for sale		15,194			9,431			(88,900	)
Accumulated other comprehensive loss		(2,999,742	)		(2,646,669	)		(2,693,196	)