Note 17: Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2015

Notes

Note 17: Accumulated Other Comprehensive Income

17)   Accumulated Other Comprehensive Income

The following summarizes the changes in accumulated other comprehensive income:

	December 31
	2015	2014
Unrealized losses on available for-sale securities	$    (1,289,508)	$       (390,143)
Reclassification adjustment for net realized gains in net income	113,751	293,985
Net unrealized gains (losses) before taxes	(1,175,757)	(96,158)
Tax (expense) benefit	404,414	30,310
Net	(771,343)	(65,848)
Potential unrealized gains for derivative bank loans (interest rate swaps) before taxes	17,423	26,940
Tax expense	(6,794)	(10,507)
Net	10,629	16,433
Potential unrealized gains (losses) for derivative mortgage loans before taxes	1,403,240	441,943
Tax (expense) benefit	(547,264)	(172,358)
Net	855,976	269,585
Other comprehensive income (loss) changes	$           95,262	$         220,170

The following is the accumulated balances of other comprehensive income as of December 31, 2015:

	Beginning Balance December 31, 2014	Change for the period	Ending Balance December 31, 2015
Unrealized net gains on available-for-sale    securities and trust investments	$        280,493	$       (771,343)	$       (490,850)
Unrealized gains (losses) on derivative mortgage    loans	1,177,209	855,976	2,033,185
Unrealized gains (losses) on  derivative    bank loan interest rate swaps	(19,136)	10,629	(8,507)
Other comprehensive income	$     1,438,566	$          95,262	$     1,533,828

The following is the accumulated balances of other comprehensive income as of December 31, 2014:

	Beginning Balance December 31, 2013	Change for the period	Ending Balance December 31, 2014
Unrealized net gains on available-for-sale    securities and trust investments	$          346,341	$          (65,848)	$        280,493
Unrealized gains (losses) on derivative mortgage    loans	907,624	269,585	1,177,209
Unrealized gains (losses) on  derivative    bank loan interest rate swaps	(35,569)	16,433	(19,136)
Other comprehensive income	$       1,218,396	$          220,170	$     1,438,566

The following is the accumulated balances of other comprehensive income as of December 31, 2013:

	Beginning Balance December 31, 2012	Change for the period	Ending Balance December 31, 2013
Unrealized net gains on available-for-sale    securities and trust investments	$            41,550	$          304,791	$        346,341
Unrealized gains (losses) on derivative mortgage    loans	1,954,567	(1,046,943)	907,624
Unrealized gains (losses) on  derivative    bank loan interest rate swaps	(61,758)	26,189	(35,569)
Other comprehensive income	$       1,934,359	$        (715,963)	$     1,218,396