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

Comprehensive income is defined as the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Comprehensive income for the Company includes net income attributable to the Company and other comprehensive income representing the net unrealized gains and losses on securities available for sale. The following table sets forth the components of other comprehensive income and the allocated tax amounts for the three and six months ended June 30, 2011 and 2010:

 

     Three Months Ended
June 30,		     Six Months Ended
June 30,		  
     2011     2010     2011     2010  
     (In thousands)     (In thousands)  

Unrealized gains on securities:

         

Unrealized holding gains arising during the period

    $ 1,471      $ 511      $ 1,436      $ 975   

Income tax expense

      (583 )      (202 )      (569 )      (386 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net of tax amount

      888        309        867        589   

Less: reclassification adjustment for losses included in net income

      19        0        19        0   

Income tax benefit

      (7 )      0        (7 )      0   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net of tax amount

      12        0        12        0   
  

 

 

    

 

 

    

 

 

    

 

 

  

Other comprehensive income

    $ 900      $ 309      $ 879      $ 589