ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

6 Months Ended

Jun. 30, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

NOTE 8                      ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

Accumulated other comprehensive income or loss represents the net unrealized holding gains or losses on securities available for sale and the funded status of the Corporation's defined benefit pension plan and other benefit plans, as of the consolidated balance sheet dates, net of the related tax effect.

The following is a summary of the changes in accumulated other comprehensive income or loss by component, net of tax, for the periods indicated:

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at December 31, 2012	$	8,022,790		$	(10,829,719	)	$	(2,806,929	)
Other comprehensive income before   reclassification		(2,034,375	)		-			(2,034,375	)
Amounts reclassified from accumulated other   comprehensive income		(756	)		467,013			466,257
Net current period other comprehensive loss		(2,035,131	)		467,013			(1,568,118	)
Balance at June 30, 2013	$	5,987,659		$	(10,362,706	)	$	(4,375,047	)

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at March 31, 2013	$	7,979,597		$	(10,602,795	)	$	(2,623,198	)
Other comprehensive income before   Reclassification		(1,991,182	)		-			(1,991,182	)
Amounts reclassified from accumulated other   comprehensive income		(756	)		240,089			239,333
Net current period other comprehensive loss		(1,991,938	)		240,089			(1,751,849	)
Balance at June 30, 2013	$	5,987,659		$	(10,362,706	)	$	(4,375,047	)

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at December 31, 2011	$	7,987,055		$	(9,428,433	)	$	(1,441,378	)
Other comprehensive income before   reclassification		382,446			-			382,446
Amounts reclassified from accumulated other   comprehensive income		(184,630	)		387,536			202,906
Net current period other comprehensive income		197,816			387,536			585,352
Balance at June 30, 2012	$	8,184,871		$	(9,040,897	)	$	(856,026	)

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at March 31, 2012	$	8,088,581		$	(9,234,665	)	$	(1,146,084	)
Other comprehensive income before   reclassification		97,983			-			97,983
Amounts reclassified from accumulated other   comprehensive income		(1,693	)		193,768			192,075
Net current period other comprehensive income		96,290			193,768			290,058
Balance at June 30, 2012	$	8,184,871		$	(9,040,897	)	$	(856,026	)

The following is the reclassification out of accumulated other comprehensive income for the periods indicated:

Details about Accumulated Other Comprehensive Income Components	Six Months Ended June 30,								Affected Line Item  in the Statement Where Net Income is Presented
				2013			2012
Unrealized gains and losses on securities   available for sale:
Realized gains on securities available for sale			$	1,228			299,919			Net gains on securities transactions
Income tax expense				472			115,289			Income tax expense
Net of tax				756			184,630
Amortization of defined pension plan   and other benefit plan items:
Prior service costs (a)				41,572			41,572			Pension and other employee benefits
Actuarial losses (a)				(801,086	)		(671,096	)		Pension and other employee benefits
Income tax benefit				292,501			241,988			Income tax expense
Net of tax				(467,013	)		(387,536	)
Total reclassification for the period, net of tax		$	$	(466,257	)	$	(202,906	)

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 10 for additional information).

Details about Accumulated Other Comprehensive Income Components	Three Months Ended June 30,								Affected Line Item  in the Statement Where Net Income is Presented
				2013			2012
Unrealized gains and losses on securities   available for sale:
Realized gains on securities available for sale			$	1,228			2,750			Net gains on securities transactions
Income tax expense				472			1,057			Income tax expense
Net of tax				756			1,693
Amortization of defined pension plan   and other benefit plan items:
Prior service costs (a)				20,786			20,786			Pension and other employee benefits
Actuarial losses (a)				(400,984	)		(335,548	)		Pension and other employee benefits
Income tax benefit				140,109			120,994			Income tax expense
Net of tax				(240,089	)		(193,768	)
Total reclassification for the period, net of tax		$	$	(239,333	)	$	(192,075	)

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 10 for additional information).