Securities

3 Months Ended

Mar. 31, 2012

Securities [Abstract]

Securities

Note 2 – SECURITIES

United States Treasury securities are classified as held-to-maturity securities and are carried at cost, adjusted for accrued interest and amortization of premium or discount. The aggregate fair values listed in the table below are based on quoted prices in active markets for identical assets (Level 1). Securities recognized as current assets will mature within one year of the respective period ending date stated below. Securities recognized as noncurrent assets will mature one to three years from the respective period ending date stated below. Following is a summary of the securities as of the periods stated:

	Current				Noncurrent
	March 31, 2012		Dec. 31, 2011		March 31, 2012		Dec. 31, 2011
Aggregate fair value	$	4,026,724	$	5,094,703	$	4,850,535	$	4,755,809
Gross unrealized holding gains		-7,486		-4,929		-4,517		-12,995
Gross unrealized holding losses		32		857		5,950		1,192
Amortized cost basis		4,019,270		5,090,631		4,851,968		4,744,006
Accrued interest		14,589		17,676		10,513		15,066
Amounts shown on balance sheets	$	4,033,859	$	5,108,307	$	4,862,481	$	4,759,072