Note 3 - Comprehensive Income

6 Months Ended

Jun. 30, 2011

Comprehensive Income (Loss) Note [Text Block]

Note 3. Comprehensive Income. Comprehensive income includes net income and all other changes to the Company's equity, with the exception of transactions with stockholders ("other comprehensive income"). The Company's only component of other comprehensive income is unrealized gains and losses on available for sale securities. Unrealized gains and losses on available for sale securities is primarily impacted by purchases and sales of available for sale securities and changes in interest rates between the respective reporting periods.

Information concerning other comprehensive income for the three and six months ended June 30, 2011 and 2010 is presented below:

	Three Months Ended 6/30/11		Three Months Ended 6/30/10		Six Months Ended 6/30/11		Six Months Ended 6/30/10
Net income	$	382,090	$	1,558,362	$	708,873	$	3,108,059
Reclassification of gain on sale of securities		0		457,805		52,146		937,887
Gains unrealized, net of income taxes		843,478		1,060,054		571,085		694,988
Other comprehensive income		843,478		1,517,859		623,231		1,632,875
Comprehensive income	$	1,225,568	$	3,076,221	$	1,332,104	$	4,740,934