Comprehensive Income

9 Months Ended

Sep. 30, 2011

Comprehensive Income [Abstract]

Comprehensive Income

(7) Comprehensive Income

Comprehensive income includes net income and all other changes in equity during a period except those resulting from investments by owners and distributions to owners. Other comprehensive income includes revenues, expenses, gains, and losses that under generally accepted accounting principles are included in comprehensive income but excluded from net income. Comprehensive income and accumulated other comprehensive income are reported net of related income taxes. Accumulated other comprehensive income for the Bank consists of unrealized holding gains or losses on securities available for sale, and gains or losses on the unfunded projected benefit obligation of the pension plan.

The following table summarizes the changes in accumulated other comprehensive income (loss): (in thousands)

For the period ended,	September 30, 2011			December 31,  2010 Restated
Balance January 1,	$	(2,229	)	$	(1,707	)
Net change in unrealized net gain on investment securities, net of tax		5,025			2,122
Reclassification of gains on sales of securities recognized, net of tax		(978	)		(223	)
Postretirement plan projected benefit obligation		(89	)		(2,421	)
Total accumulated other comprehensive income (loss)	$	1,729		$	(2,229	)

The unrealized gain on investment securities at September 30, 2011 is mainly attributable to an increase of $4,177,000 in the market value of obligations of state and political subdivisions, and in collateralized mortgage obligations of $100,000, offset by decreases of $177,000 in the market value of U.S. government agency debt, and $52,000 in the market value of U.S. treasury securities.