Other Comprehensive Income (Loss)

3 Months Ended

Dec. 31, 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 5.25% to 5% in 2011 and from 5% to 4% in 2012. That drop was partially offset by changes in assumptions in the increase rate of compensation which decreased 3% to 2% in 2011 and 2012. 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 quarterly accruals for estimated annual pension liability added to the unrealized loss for the three months ended December 31, 2012 resulted in an OCI loss of $110,366 for the period.

	December 31,			December 31,			September 30,
	2012			2011			2012
Pension adjustment		(3,393,526	)		(2,801,961	)		(3,299,397	)
Net unrealized gain (loss) on securities available for sale		36,685			(27,414	)		52,922
Accumulated other comprehensive loss		(3,356,841	)		(2,829,375	)		(3,246,475	)