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Other Comprehensive Income
12 Months Ended
Dec. 31, 2011
Shareholders' Equity/Other Comprehensive Income [Abstract]  
Other Comprehensive Income

Note 18. Other Comprehensive Income

Other comprehensive income, which is comprised solely of the change in unrealized gains and losses on available for sale securities, is as follows:

 

                         
    2011  
    Before Tax
Amount
    Tax Effect     Net of Tax
Amount
 

Unrealized holding losses arising during the period

  $ (766,569   $ 291,296     $ (475,273
       

Less reclassification adjustment for gains recognized in income

  $ (1,109,305   $ 421,536     $ (687,769
   

 

 

   

 

 

   

 

 

 

Unrealized holding losses on available for sale securities

  $ (1,875,874   $ 712,832     $ (1,163,042
   

 

 

   

 

 

   

 

 

 

 

                         
    2010  
    Before Tax
Amount
    Tax Effect     Net of Tax
Amount
 

Unrealized holding gain arising during the period

  $ 767,812     $ (291,768   $ 476,044  
   

 

 

   

 

 

   

 

 

 

Unrealized holding gain on available for sale securities

  $ 767,812     $ (291,768   $ 476,044  
   

 

 

   

 

 

   

 

 

 

 

                         
    2009  
    Before Tax
Amount
    Tax Effect     Net of Tax
Amount
 

Unrealized holding gain arising during the period

  $ 1,921,934     $ (730,334   $ 1,191,600  
       

Less reclassification adjustment for gains recognized in income

  $ (451,214   $ 171,461     $ (279,753
   

 

 

   

 

 

   

 

 

 

Unrealized holding gain on available for sale securities

  $ 1,470,720     $ (558,873   $ 911,847