ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 18 - ACCUMULATED OTHER COMPREHENSIVE INCOME

The following tables summarize the changes within each classification of accumulated other comprehensive income, net of tax, for the year ended December 31, 2015 and summarizes the significant amounts reclassified out of each component of accumulated other comprehensive income.

Changes in Accumulated Other Comprehensive Income by Component
For the Year Ended December 31, 2015(1)
	Unrealized Gains and Losses on Available-for-Sale Securities			Total
Accumulated Other Comprehensive Income at January 1, 2015	$	197,331		$	197,331
Other comprehensive income before reclassifications		207,264			207,264
Amount reclassified from accumulated other comprehensive income(2)		(6,601	)		(6,601	)
Net current-period other comprehensive income		200,663			200,663
Accumulated Other Comprehensive Income at December 31, 2015	$	397,994		$	397,994

⁽¹⁾ All amounts are net of tax.

⁽²⁾ See table below for details about reclassifications.

Reclassifications out of Accumulated Other Comprehensive Income
For the Year Ended December 31, 2015
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive  Income			Affected Line Item in the Statement Where Net Income is Presented
Unrealized gains and losses on available-for-sale securities	$	10,821		Gain on sale of securities
		(4,220	)	Tax expense
Total reclassifications for the period	$	6,601		Net of tax

The following tables summarize the changes within each classification of accumulated other comprehensive income, net of tax, for the year ended December 31, 2014, and summarizes the significant amounts reclassified out of each component of accumulated other comprehensive income:

Changes in Accumulated Other Comprehensive Income by Component
For the Year Ended December 31, 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		1,958,938			1,958,938
Amount reclassified from accumulated other comprehensive income(2)		(69,119	)		(69,119	)
Net current-period other comprehensive income		1,889,819			1,889,819
Accumulated Other Comprehensive Income at December 31, 2014	$	197,331		$	197,331

⁽¹⁾ All amounts are net of tax.

⁽²⁾ See table below for details about reclassifications.

Reclassifications out of Accumulated Other Comprehensive Income
For the Year Ended December 31, 2014
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive  Income			Affected Line Item in the Statement Where Net Income is Presented
Unrealized gains and losses on available-for-sale securities	$	109,712		Gain on sale of securities
		(40,593	)	Tax expense
Total reclassifications for the period	$	69,119		Net of tax