Comprehensive Income

6 Months Ended

Jun. 30, 2011

Comprehensive Income [Abstract]

Comprehensive Income

Note 15.             Comprehensive Income

FASB ASC Topic 220, “Comprehensive Income” (“ASC Topic 220”), requires the reporting of all changes in equity during the reporting period except investments from and distributions to shareholders.  Net income (loss) is a component of comprehensive income (loss) with all other components referred to in the aggregate as other comprehensive income.  Unrealized gains and losses on AFS securities is an example of an other comprehensive income component.

	Six months ended June 30, 2011
(In thousands)	Before tax amount			Tax expense (benefit)			Net of tax amount
Unrealized gains on investment securities:
Unrealized holding gains arising during period	$	688		$	183		$	505
Non-credit loss portion of other-than-temporary impairments		(121	)		(42	)		(79	)
Less adjustment for impaired investments		(381	)		(133	)		(248	)
Less reclassification adjustment for gains realized in net loss		1,101			385			716
Unrealized losses on investment securities		(153	)		(111	)		(42	)
Unrecognized benefit obligation expense:
Less reclassification adjustment for amortization		(116	)		(41	)		(75	)
Other comprehensive income, net	$	(37	)	$	(70	)	$	33

	Six months ended June 30, 2010
	Before tax amount			Tax expense (benefit)			Net of tax amount
Unrealized gains on investment securities:
Unrealized holding gains arising during period	$	5,490		$	1,819		$	3,671
Reduction in deferred tax valuation allowance  related to preferred and common stock		-			(92	)		92
Non-credit loss portion of other-than-temporary impairments		1,494			523			971
Less adjustment for impaired investments		(341	)		(119	)		(222	)
Less reclassification adjustment for gains realized in net loss		588			209			379
Unrealized gains on investment securities		6,737			2,344			4,577
Unrecognized benefit obligation expense:
Less reclassification adjustment for amortization		(71	)		(25	)		(46	)
Other comprehensive income, net	$	6,808		$	2,369		$	4,623