Note 17: Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2016

Notes

Note 17: Accumulated Other Comprehensive Income

17)       Accumulated Other Comprehensive Income

The following summarizes the changes in accumulated other comprehensive income:

	December 31
	2016	2015
Unrealized gains (losses) on available for-sale securities	$         996,343	$    (1,289,508)
Reclassification adjustment for net realized gains in net    income	160,575	113,751
Net unrealized gains (losses) before taxes	1,156,918	(1,175,757)
Tax (expense) benefit	(399,228)	404,414
Net	757,690	(771,343)
Potential unrealized gains for derivative bank loans    (interest rate swaps) before taxes	10,639	17,423
Tax expense	(4,149)	(6,795)
Net	6,490	10,628
Other comprehensive income (loss) changes	$         764,180	$       (760,715)

The following is the accumulated balances of other comprehensive income as of December 31, 2016:

	Beginning Balance December 31, 2015	Change for the period	Ending Balance December 31, 2016
Unrealized net gains (losses) on available-for-sale    securities and trust investments	$       (490,850)	$        757,690	$        266,840
Unrealized gains (losses) on derivative    bank loan interest rate swaps	(8,508)	6,490	(2,018)
Other comprehensive income (loss)	$       (499,358)	$        764,180	$        264,822

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 (losses) on available-for-sale    securities and trust investments	$          280,493	$        (771,343)	$       (490,850)
Unrealized gains (losses) on derivative    bank loan interest rate swaps	(19,136)	10,628	(8,508)
Other comprehensive income (loss)	$          261,357	$        (760,715)	$       (499,358)

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 (losses) on available-for-sale    securities and trust investments	$          346,341	$          (65,848)	$        280,493
Unrealized gains (losses) on derivative    bank loan interest rate swaps	(35,569)	16,433	(19,136)
Other comprehensive income (loss)	$          310,772	$          (49,415)	$        261,357