Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Selected Quarterly Financial Data (Unaudited)

NOTE 19 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized unaudited quarterly financial data for each of the calendar years 2011 and 2010 is as follows:

	Comparable Period by Quarter Ended
	March 31	June 30	September 30	December 31
Calendar Year 2011
Total revenues	$8,607,845	$8,578,999	$9,077,819	$8,312,038
Income before taxes	$1,726,174	$1,087,686	$1,946,354	$989,954
Net income	$1,114,347	$706,687	$1,274,652	$644,190
Earnings per share:                                Basic	$0.21	$0.13	$0.24	$0.12
Diluted	$0.21	$0.13	$0.24	$0.12
Calendar Year 2010
Total revenues	$9,897,813	$9,387,035	$9,088,814	$8,747,089
Income before taxes	$764,431	$634,671	$687,321	$1,134,158
Net income	$499,193	$448,223	$623,962	$757,774
Earnings per share:                                Basic	0.09	$0.08	$0.12	$0.14
Diluted	$0.09	$0.08	$0.12	$0.14

The Company has identified an error related to valuation of investments as previously reported for interim periods ended September 30 and June 30, 2011.  The error has no impact on amounts presented in the accompanying consolidated financial statements or on the selected quarterly financial data presented above.  The error resulted in an overstatement of accumulated other comprehensive income and stockholders’ equity as of September 30, 2011 and June 30, 2011 of $659,980 and $417,884, respectively; an (understatement)/overstatement of comprehensive income for the three and nine months ended September 30, 2011 of ($242,096) and $417,884, respectively; and an overstatement of comprehensive income for the three and six months ended June 30, 2011, of $659,980.  Management concluded the error was immaterial to all periods presented and will revise the June 2011 and September 2011 previously reported amounts in the Company’s June 2012 and September 2012 Form 10-Q’s to reflect correction of the error.