17) Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2012

Notes

17) Accumulated Other Comprehensive Income

17)       Accumulated Other Comprehensive Income

The following summarizes the changes in accumulated other comprehensive income:

	December 31
	2012	2011
Unrealized gains (losses) on available for-sale securities	$        (28,700)	$    (1,698,175)
Reclassification adjustment for net realized gains in net    income	386,328	472,038
Net unrealized gains (losses) before taxes	357,628	(1,226,137)
Tax (expense) benefit	70,120	150,999
Net	427,748	(1,075,138)
Potential unrealized gains (losses) for derivative bank loans    (interest rate swaps) before taxes	24,240	(1,279)
Tax (expense) benefit	(8,242)	435
Net	15,998	(844)
Potential unrealized gains (losses) for derivative mortgage    loans before taxes	1,266,924	821,483
Tax (expense) benefit	(430,754)	(279,304)
Net	836,170	542,179
Other comprehensive income changes	$    1,279,916	$       (533,803)

The following is the accumulated balances of other comprehensive income as of December 31, 2012:

	Beginning Balance December 31, 2011	Change for the period	Ending Balance December 31, 2012
Unrealized net gains on available-for-sale    securities and trust investments	$       (386,198)	$        427,748	$          41,550
Unrealized gains on derivative mortgage    loans	1,118,397	836,170	1,954,567
Unrealized gains ( losses) on  derivative    bank loan interest rate swaps	(77,756)	15,998	(61,758)
Other comprehensive income	$        654,443	$     1,279,916	$     1,934,359

The following is the accumulated balances of other comprehensive income as of December 31, 2011:

	Beginning Balance December 31, 2010	Change for the period	Ending Balance December 31, 2011
Unrealized net gains on available-for-sale    securities and trust investments	$       688,940	$     (1,075,138)	$       (386,198)
Unrealized gains on derivative mortgage    loans	576,218	542,179	1,118,397
Unrealized gains ( losses) on derivative    bank loan interest rate swaps	(76,912)	(844)	(77,756)
Other comprehensive income	$    1,188,246	$        (533,803)	$        654,443