Comprehensive Income

9 Months Ended

Sep. 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.

	Nine months ended September 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	$	336		$	104		$	232
Less adjustment for impaired investments		(1,796	)		(629	)		(1,167	)
Less reclassification adjustment for gains realized in net loss		1,565			548			1,017
Unrealized gains on investment securities		567			185			382
Unrecognized benefit obligation expense:
Less reclassification adjustment for amortization		(174	)		(67	)		(107	)
Other comprehensive income, net	$	741		$	252		$	489

	Nine months ended September 30, 2010
	Before tax amount			Tax expense  (benefit)			Net of tax amount
Unrealized gains on investment securities:
Unrealized holding gains arising during period	$	6,544		$	2,169		$	4,375
Reduction in deferred tax valuation allowance related to preferred and common stock		-			(90	)		90
Non-credit loss portion of other-than-temporary impairments		2,067			723			1,344
Less adjustment for impaired investments		(479	)		(168	)		(311	)
Less reclassification adjustment for gains realized in net loss		1,219			427			792
Unrealized gains on investment securities		7,871			2,543			5,328
Unrecognized benefit obligation expense:
Less reclassification adjustment for amortization		(107	)		(37	)		(70	)
Other comprehensive income, net	$	7,978		$	2,580		$	5,398