5. COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2011

Comprehensive Income (Loss) Note [Text Block]

5. COMPREHENSIVE INCOME

Comprehensive income is reported in addition to net income for all periods presented. Comprehensive income is comprised of net income plus other comprehensive income. Other comprehensive income, net of taxes, was comprised of the unrealized gains on available-for-sale investment securities of $828,000 and $1,936,000, respectively, for the three-month and nine-month periods ended September 30, 2011 and $143,000 and $2,073,000, respectively, for the three-month and nine-month periods ended September 30, 2010. Comprehensive income was $1,877,000 and $3,412,000, respectively, for the three-month and nine-month periods ended September 30, 2011 and $182,000 and $2,472,000, respectively, for the three-month and nine-month periods ended September 30, 2010. Reclassification adjustments resulting from realized gains or losses on sale of investment securities were $326,000 and $353,000, respectively, for the three-month and nine-month periods ended September 30, 2011 and $1,000 and $(4,000), respectively, for the three three-month and nine-month periods ended September 30, 2010.