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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2011
Other Comprehensive Income (Loss) [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 20 – OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income (loss) components, other than net income (loss), and related taxes were as follows:

 

                         
    2011     2010     2009  

Unrealized holding gains (losses) on available for sale securities

   $ 3,851,000     $ (345,000 )    $ (1,269,000 ) 

Unrealized holding gain on securities transferred from held to maturity to available for sale

     0       421,000       0  

Reclassification adjustments for gains later recognized in income

     0       (99,000 )      (1,803,000 ) 
   

 

 

    

 

 

    

 

 

  
      3,851,000       (23,000 )      (3,072,000 ) 

Tax effect of unrealized holding gains (losses) on available for sale securities

     (1,348,000 )      101,000       0  

Tax effect of unrealized holding gain on securities transferred from held to maturity to available for sale

     0       (147,000 )      0  

Tax effect of reclassification adjustments for gains later recognized in income

     0       35,000       631,000  
   

 

 

    

 

 

    

 

 

  

Other comprehensive income (loss)

   $ 2,503,000     $ (34,000 )    $ (2,441,000 ) 
   

 

 

    

 

 

    

 

 

  

At December 31, 2011, accumulated other comprehensive income, net of tax effects (as applicable), consists of a net unrealized gain on available for sale securities of $3.3 million.

At December 31, 2010, accumulated other comprehensive income, net of tax effects (as applicable), consists of a net unrealized gain on available for sale securities of $0.8 million.

At December 31, 2009, accumulated other comprehensive income, net of tax effects (as applicable), consists of a net unrealized gain on available for sale securities of $0.8 million and the remaining unrealized gain on interest rate swaps of $0.1 million.