Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 11 – Accumulated Other Comprehensive Income

     The following table illustrates changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended March 31, 2013 and 2012:

		Unrealized Gains and Losses
		On Available-for-Sale			Postretirement
March 31, 2013		Securities			Benefits Plans			Total
Beginning balance at January 1	$	8,920,883		$	(102,453	)	$	8,818,430
Other comprehensive income before
reclassifications		1,570,244			0			1,570,244
Amounts reclassified from accumulated other
comprehensive income		(11,482	)		788			(10,694	)
Net current-period other comprehensive income		1,558,762			788			1,559,550
Ending Balance	$	10,479,645		$	(101,665	)	$	10,377,980

		Unrealized Gains and Losses
		On Available-for-Sale			Postretirement
March 31, 2012		Securities			Benefits Plans			Total
Beginning balance at January 1	$	7,563,541		$	(54,376	)	$	7,509,165
Other comprehensive income before
reclassifications		1,304,483			0			1,304,483
Amounts reclassified from accumulated other
comprehensive income		(126,825	)		1,662			(125,163	)
Net current-period other comprehensive income		1,177,658			1,662			1,179,320
Ending Balance	$	8,741,199		$	(52,714	)	$	8,688,485

     The following table provides significant amounts reclassified out of each component of accumulated other comprehensive income for the periods ended March 31, 2013 and 2012:

March 31, 2013
		Amount Reclassified from
Details about Accumulated Other		Accumulated Other		Affected Line Item in the Consolidated
Comprehensive Income Components		Comprehensive Income		Statements of Income
Unrealized gains and losses on
available-for-sale securities:
Net realized gain on investment	$	34,829
Other-than-temporary impairments		(18,485	)
Total		16,344		Net realized gain on investment
Tax		(4,862	)	Provision for Income Taxes
Net of Tax	$	11,482
Accretion (amortization) related to
postretirement benefit plans:
Prior year service cost	$	380
Unrecognized loss		(1,573	)
Total	$	(1,193	)	(a)
Tax		405		Provision for Income Taxes
Net of Tax	$	(788	)
Reclassifications for the period	$	10,694

March 31, 2012
		Amount Reclassified from
Details about Accumulated Other		Accumulated Other		Affected Line Item in the Consolidated
Comprehensive Income Components		Comprehensive Income		Statements of Income
Unrealized gains and losses on available-
for-sale securities:
Net realized gain on investment	$	192,881		Net realized gain on investment
Tax		(66,056	)	Provision for Income Taxes
Net of Tax	$	126,825
Amortization related to postretirement
benefit plans:
Prior year service cost	$	(2,349	)
Unrecognized loss		(170	)
Total	$	(2,519	)	(a)
Tax		857		Provision for Income Taxes
Net of Tax	$	(1,662	)
Reclassifications for the period	$	125,163

(a) These accumulated other comprehensive income components are not reclassified to net income in their entirety in the same reporting period. The amounts are presented within salaries, employee benefits and payroll taxes on the Consolidated Statements of Income as amortized. Amortization related to postretirement benefit plans is included in the computation of net periodic pension costs, as discussed in Note 5.