ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2014

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 22 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following is changes in Accumulated Other Comprehensive Income (Loss) by component, net of tax, for the years ending December 31, 2014 and 2013:

	Unrealized
	Gains and Losses on
	Available for Sale
	Securities
	2014			2013
Beginning Balance	$	(5,126,183	)	$	4,283,247
Unrealized holding gains (losses) for the period, net of tax	6,554,737			(8,770,910		)
Reclassification adjustment for:
Securities gains realized in income	(965,985		)	(967,454		)
Income taxes	(328,435		)	(328,934		)
	(637,550		)	(638,520		)
Net current period other comprehensive income	5,917,187			(9,409,430		)
Ending balance	$	791,004		$	(5,126,183	)

The following is significant amounts reclassified out of each component of accumulated other comprehensive Income (Loss) for the years ending December 31, 2014 and 2013:

December 31, 2014

Details about Accumulated Other Comprehensive Income Components	Amount Reclassified From Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
Unrealized gains and losses on available-for-sale securities	$	(965,985	)	Securities gains, net
	328,435			Provision for income taxes
	(637,550		)	Net of tax

December 31, 2013

Details about Accumulated Other Comprehensive Income Components	Amount Reclassified From Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
Unrealized gains and losses on available-for-sale securities	$	(967,454	)	Securities gains, net
	328,934			Provision for income taxes
	(638,520		)	Net of tax