OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2011

OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]

OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 6:              OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income components and related taxes were as follows:

	Year ended
	December 31,
	2011			2010			2009
Unrealized gains (losses) on available-for-sale securities	$	(163,480	)	$	1,016,414		$	1,720,966
Accretion of gains on interest rate swaps		-			(508,746	)		(1,017,492	)
Less: Reclassification adjustment for realized gains included in income		(1,505,915	)		(275,125	)		(689,769	)
Other comprehensive income (loss) before tax effect		(1,669,395	)		232,543			13,705
Tax expense (benefit)		(617,676	)		86,041			5,061
Other comprehensive income (loss)	$	(1,051,719	)	$	146,502		$	8,644

The components of accumulated other comprehensive income, included in stockholders' equity, are as follows:

	2011		2010
Unrealized gain on available-for-sale securities	$	1,256,008	$	2,925,403
Tax effect		464,723		1,082,399
Net of tax amount	$	791,285	$	1,843,004