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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
9 Months Ended
Sep. 30, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
Summary of the changes within each classification of accumulated other comprehensive income (loss), net of tax
Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014(1)
  Unrealized Gains
and Losses on
Available-for-Sale
Securities
  Total 
Accumulated Other Comprehensive Loss at July 1, 2014 $(37,959) $(37,959)
         
Other comprehensive loss before reclassifications  (56,765)  (56,765)
Amount reclassified from accumulated other comprehensive loss(2)  (55,496)  (55,496)
Net current-period other comprehensive loss  (112,261)  (112,261)
         
Accumulated Other Comprehensive Loss at September 30, 2014 $(150,220) $(150,220)

 

(1) All amounts are net of tax.

(2) See table below for details about reclassifications.

 
Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014(1)
  Unrealized Gains
and Losses on
Available-for-Sale
Securities
  Total 
Accumulated Other Comprehensive Loss at January 1, 2014 $(1,692,488) $(1,692,488)
         
Other comprehensive income before reclassifications  1,597,764   1,597,764 
Amount reclassified from accumulated other comprehensive loss(2)  (55,496)  (55,496)
Net current-period other comprehensive income  1,542,268   1,542,268 
         
Accumulated Other Comprehensive Loss at September 30, 2014 $(150,220) $(150,220)

 

(1) All amounts are net of tax.

(2) See table below for details about reclassifications.

 

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013(1)
  Unrealized Gains
and Losses on
Available-for-Sale
Securities
  Total 
Accumulated Other Comprehensive Loss at July 1, 2013 $(1,041,050) $(1,041,050)
         
Other comprehensive loss before reclassifications  (230,162)  (230,162)
Amount reclassified from accumulated other comprehensive loss  -   - 
Net current-period other comprehensive loss  (230,162)  (230,162)
         
Accumulated Other Comprehensive Loss at September 30, 2013 $(1,271,212) $(1,271,212)

 

(1) All amounts are net of tax.

 

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013(1)
  Unrealized Gains
and Losses on
Available-for-Sale
Securities
  Total 
Accumulated Other Comprehensive Income at January 1, 2013 $1,196,111  $1,196,111 
         
Other comprehensive loss before reclassifications  (2,241,066)  (2,241,066)
Amount reclassified from accumulated other comprehensive income(2)  (226,257)  (226,257)
Net current-period other comprehensive loss  (2,467,323)  (2,467,323)
         
Accumulated Other Comprehensive Loss at September 30, 2013 $(1,271,212) $(1,271,212)

 

(1) All amounts are net of tax.

(2) See table below for details about reclassifications.

Summary of the significant amounts reclassified out of each component of accumulated other comprehensive income
Reclassifications out of Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014
 
Details about Accumulated Other
Comprehensive Income Components
 Amount Reclassified from
Accumulated Other
Comprehensive Income (Loss)
  Affected Line Item in the
Statement Where Net
Income is Presented
Unrealized gains and losses on available-for-sale securities $88,089  Gain on sale of securities
   (32,593) Tax expense
Total reclassifications for the period $55,496  Net of tax

 

Reclassifications out of Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014
 
Details about Accumulated Other
Comprehensive Income Components
 Amount Reclassified from
Accumulated Other
Comprehensive Income (Loss)
  Affected Line Item in the
Statement Where Net
Income is Presented
Unrealized gains and losses on available-for-sale securities $88,089  Gain on sale of securities
   (32,593) Tax expense
Total reclassifications for the period $55,496  Net of tax

  

Reclassifications out of Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2013
 
Details about Accumulated Other
Comprehensive Income Components
 Amount Reclassified from
Accumulated Other
Comprehensive Income (Loss)
  Affected Line Item in the
Statement Where Net
Income is Presented
Unrealized gains and losses on available-for-sale securities $359,138  Gain on sale of securities
   (132,881) Tax expense
Total reclassifications for the period $226,257  Net of tax