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Other Comprehensive Income
3 Months Ended
Jun. 30, 2011
Other Comprehensive Income  
Other Comprehensive Income

Note 7 – Other Comprehensive Income

 

Total comprehensive income was $7.6 million and $14.8 million for the three- and six-month periods ended June 30, 2011, as compared to $6.1 million and $10.1 million for the same periods in 2010.

 

Accumulated other comprehensive income consisted solely of unrealized gains and losses on investment securities available for sale, net of applicable deferred taxes.  The Company recorded $412,396 and $57,134 in other comprehensive income for 2011 during the three-month periods ended June 30, 2011 and 2010, respectively.  During the six-month period ended June 30, 2011 the Company recorded $401,071 in other comprehensive income compared to $249,685 during the same period a year ago.