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Comprehensive Income
 6 Months Ended
Jun. 30, 2011
Comprehensive Income  
Comprehensive Income

Note 12 - Comprehensive Income

 

Comprehensive income for the three and six months ended June 30, 2011 and 2010 is as follows (dollars in thousands):

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,142

 

$

2,399

 

$

7,874

 

$

4,820

 

Other comprehensive income -

 

 

 

 

 

 

 

 

 

Net unrealized gain (loss) on available- for-sale securities

 

(8

)

(206

)

(87

)

(133

)

Net unrealized gain (loss) on derivative instruments

 

(308

)

(277

)

(200

)

(406

)

Comprehensive income

 

$

4,826

 

$

1,916

 

$

7,587

 

$

4,281

 

 

Accumulated other comprehensive loss includes an accumulated net unrealized loss on available-for-sale securities of $40,000, an unrealized loss on available-for-sale securities in a joint venture of $27,000, a net unrealized loss on derivative instruments of $303,000, and our 50% share of a net unrealized loss on a joint venture derivative instrument of $73,000, resulting in a total cumulative net loss of $443,000 at June 30, 2011.  At December 31, 2010, accumulated other comprehensive loss of $156,000 was comprised of a net accumulated unrealized gain on available-for-sale securities of $47,000, an unrealized loss on available-for-sale securities in a joint venture of $27,000 and a net unrealized loss on derivative instruments of $176,000.