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Other Comprehensive Income
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Other Comprehensive Income

Note 19. 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:

 

     2013  
     Before Tax
Amount
    Tax Effect     Net of Tax
Amount
 

Unrealized holding losses arising during the period

   $ (568,850   $ —        $ (568,850
  

 

 

   

 

 

   

 

 

 

Unrealized holding losses on available for sale securities

   $ (568,850   $ —        $ (568,850
  

 

 

   

 

 

   

 

 

 
     2012  
     Before Tax
Amount
    Tax Effect     Net of Tax
Amount
 

Unrealized holding gains arising during the period

   $ 76,135      $ (28,931   $ 47,204   

Less reclassification adjustment for gains recognized in income

     (910,591     111,268        (799,323
  

 

 

   

 

 

   

 

 

 

Unrealized holding losses on available for sale securities

   $ (834,456   $ 82,337      $ (752,119
  

 

 

   

 

 

   

 

 

 
     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 )