COMPREHENSIVE INCOME (10-Q)

6 Months Ended

12 Months Ended

Jun. 30, 2011

Dec. 31, 2010

COMPREHENSIVE INCOME [Abstract]

COMPREHENSIVE INCOME

Six Months Ended June 30, 2011		Before Tax Amount		Tax (Expense) or Benefit		Net of Tax Amount
Unrealized holding gains during period	$	2,901,320	$	(1,015,462)	$	1,885,858
Less: reclassification adjustment for gains (losses) realized in net income		(2,552,986)		893,545		(1,659,441)
Other comprehensive income (loss)	$	348,334	$	(121,917)	$	226,417

15.      COMPREHENSIVE INCOME

2010	Before Tax Amount		Tax (Expense) or Benefit			Net of Tax Amount
Unrealized holding gains during period	$	4,179,985	$	(1,462,995	)	$	2,716,990
Less: reclassification adjustment for gains realized in net income	985,443		(344,905		)	640,538
Other comprehensive income	$	5,165,428	$	(1,807,900	)	$	3,357,528

2009	Before Tax Amount			Tax (Expense) or Benefit			Net of Tax Amount
Unrealized holding losses during period	$	(2,425,809	)	$	849,033		$	(1,576,776	)
Less: reclassification adjustment for losses realized in net income	968,505			(338,977		)	629,528
Other comprehensive loss	$	(1,457,304	)	$	510,056		$	(947,248	)

As of December 31, 2010 and 2009, the Company established a deferred tax liability of $1,758,774 and $78,862 respectively, for the unrealized gains based on the applicable United States statutory rate of 35%.