OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2013

Other Comprehensive Income (Loss) [Abstract]

Other Comprehensive Income (Loss) [Text Block]

5. OTHER COMPREHENSIVE INCOME (LOSS)

The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below.  Reclassification adjustments related to securities available for sale are included in the line entitled net gain on securities and other assets in the accompanying consolidated statements of income.

	Pre-tax Amount			Tax Expense (Benefit)			After tax Amount
Three Months Ended September 30, 2013
Securities held-to maturity and transferred securities:
Change in non-credit component of OTTI	$	8		$	4		$	4
Change in unrealized loss on securities transferred to held to maturity		18			8			10
Total securities held-to-maturity and transferred securities		26			12			14
Securities available-for-sale:
Reclassification adjustment for net gains included in net income		-			-			-
Change in net unrealized gain during the period		164			74			90
Total securities available-for-sale		164			74			90
Total other comprehensive income	$	190		$	86		$	104
Three Months Ended September 30, 2012
Securities held-to-maturity and transferred securities:
Change in non-credit component of OTTI	$	13		$	6		$	7
Change in unrealized loss on securities transferred to held to maturity		24			11			13
Total securities held-to-maturity and transferred securities		37			17			20
Securities available-for-sale:
Reclassification adjustment for net gains included in net income		-			-			-
Change in net unrealized gain during the period		(13	)		(6	)		(7	)
Total securities available-for-sale		(13	)		(6	)		(7	)
Total other comprehensive income	$	24		$	11		$	13

	Pre-tax Amount			Tax Expense (Benefit)			After tax Amount
Nine Months Ended September 30, 2013
Securities held-to-maturity and transferred securities
Change in non-credit component of OTTI	$	25		$	13		$	12
Change in unrealized loss on securities transferred to held to maturity		130			58			72
Total securities held-to-maturity and transferred securities		155			71			84
Securities available-for-sale
Reclassification adjustment for net gains included in net income	$	(110	)	$	(50	)	$	(60	)
Change in net unrealized gain during the period		281			125			156
Total securities available-for-sale		171			75			96
Defined benefit plans:
Change in the net actuarial gain or loss		-			-			-
Total defined benefit plans		-			-			-
Total other comprehensive income	$	326		$	146		$	180
Nine Months Ended September 30, 2012
Securities held-to-maturity and transferred securities:
Change in non-credit component of OTTI	$	288		$	130		$	158
Change in unrealized loss on securities transferred to held to maturity		166			75			91
Total securities held-to-maturity and transferred securities		454			205			249
Securities available-for-sale:
Reclassification adjustment for net gains included in net income		(44	)		(20	)		(24	)
Change in net unrealized gain during the period		(408	)		(184	)		(224	)
Total securities available-for-sale		(452	)		(204	)		(248	)
Defined benefit plans:
Change in the net actuarial gain or loss		568			256			312
Total defined benefit plans		568			256			312
Total other comprehensive income	$	570		$	257		$	313

Activity in accumulated other comprehensive gain (loss), net of tax, was as follows:

	Securities Held-to-Maturity and Transferred Securities			Securities Available-for-Sale			Defined Benefit Plans			Total Accumulated Other Comprehensive Gain (Loss)
Balance as of January 1, 2013	$	(1,043	)	$	1,178		$	(9,775	)	$	(9,640	)
Other comprehensive income before reclassifications		84			156			-			240
Amounts reclassified from accumulated other comprehensive loss		-			(60	)		-			(60	)
Net other comprehensive income during the period		84			96			-			180
Balance as of September 30, 2013	$	(959	)	$	1,274		$	(9,775	)	$	(9,460	)
Balance as of January 1, 2012	$	(1,316	)		3,078		$	(11,471	)	$	(9,709	)
Other comprehensive income before reclassifications		249			(224	)		312			337
Amounts reclassified from accumulated other comprehensive loss		-			(24	)		-			(24	)
Net other comprehensive income during the period		249			(248	)		312			313
Balance as of September 30, 2012	$	(1,067	)	$	2,830		$	(11,159	)	$	(9,396	)

6. EARNINGS PER SHARE ("EPS")

Basic EPS is computed by dividing income attributable to common stock by the weighted-average common shares outstanding during the reporting period.  Diluted EPS is computed using the same method as basic EPS, but reflects the potential dilution that would occur if "in the money" stock options were exercised and converted into common stock.  In determining the weighted average shares outstanding for basic and diluted EPS, treasury stock and unallocated ESOP shares are excluded.  Vested restricted stock award shares are included in the calculation of the weighted average shares outstanding for basic and diluted EPS.   Unvested restricted stock award shares are recognized as a special class of securities under ASC 260.