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Comprehensive Income
6 Months Ended
Jun. 30, 2011
Comprehensive Income [Abstract]  
COMPREHENSIVE INCOME
NOTE 4 — COMPREHENSIVE INCOME
The components of comprehensive income consist exclusively of unrealized gains and losses on available for sale securities. For the six months ended June 30, 2011, this activity is shown under the heading Comprehensive Income as presented in the Consolidated Statement of Changes in Stockholders’ Equity (Unaudited).
The following shows the components and activity of comprehensive income during the periods ended June 30, 2011 and 2010 (net of the income tax effect):
                                 
    For the Three Months     For the Six Months  
    Ended June 30,     Ended June 30,  
(Dollar amounts in thousands)   2011     2010     2011     2010  
 
                               
Unrealized holding gains arising during the period on securities held
  $ 2,204     $ 1,401     $ 2,368     $ 2,093  
 
                               
Reclassification adjustment for (gains) losses included in net income, net of income taxes
    24       (12 )     15       (18 )
 
                       
 
                               
Net change in unrealized gains during the period
    2,179       1,389       2,353       2,075  
Unrealized holding gains, beginning of period
    313       1,248       487       562  
 
                       
 
                               
Unrealized holding gains, end of period
  $ 2,492     $ 2,637     $ 2,840     $ 2,637  
 
                       
 
                               
Net income
  $ 720     $ 715     $ 1,722     $ 1,360  
Other comprehensive income, net of tax:
                               
Unrealized holding gains arising during the period
    2,179       1,389       2,353       2,075  
 
                       
 
                               
Comprehensive income
  $ 2,899     $ 2,104     $ 4,075     $ 3,435