INCOME TAX EFFECTS ON ITEMS OF COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2012

Income Tax Effects On Items Of Comprehensive Income Loss

INCOME TAX EFFECTS ON ITEMS OF COMPREHENSIVE INCOME (LOSS)

NOTE 8 – INCOME TAX EFFECTS ON ITEMS OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended
	March 31, 2012
Period ended March 31, 2012	Pre-tax Inc.			Income Tax Exp.
(dollars in thousands)	(Exp.)			(Credit)
Unrealized gain on securities available for sale		4			2
Amortization of unrealized gain on securities available for sale transferred to securities
held to maturity included in net income		(117	)		(46	)
Unrealized loss on interest rate swap		(17	)		(7	)
Reclassification adjustment of interest rate swap settlements included in earnings		41			16
Totals	$	(89	)	$	(35	)

	Three Months Ended
	March 31, 2011
Period ended March 31, 2011	Pre-tax Inc.			Income Tax Exp.
(dollars in thousands)	(Exp.)			(Credit)
Unrealized loss on securities available for sale		(87	)		(34	)
Amortization of unrealized gain on securities available for sale transferred to securities
held to maturity included in net income		(142	)		(56	)
Unrealized gain on interest rate swap		43			17
Reclassification adjustment of interest rate swap settlements included in earnings		45			18
Totals	$	(141	)	$	(55	)