NOTE 10 – OTHER COMPREHENSIVE INCOME

Other comprehensive income for the quarters ended June 30, 2012 and 2011 are as follows:


	June 30, 2012
		Before Tax			Tax			Net of Tax
		Amount			Effects			Amount
	(In Thousands)
Net unrealized holding gains on available-for-sale securities	$	440		$	(150	)	$	290
Reclassification adjustment for realized gains in net income		(197	)		67			(130	)
Other comprehensive benefit – director fee continuation plan		--			--			--
Total	$	243		$	(83	)	$	160


	June 30, 2011
		Before Tax			Tax			Net of Tax
		Amount			Effects			Amount
	(In Thousands)
Net unrealized holding gains on available-for-sale securities	$	665		$	(217	)	$	448
Reclassification adjustment for realized gains in net income		(62	)		20			(42	)
Other comprehensive benefit – director fee continuation plan		--		-	--			--
Total	$	603		$	(197	)	$	406

Accumulated other comprehensive income consists of the following as of:


		June 30, 2012		March 31, 2012
		(In thousands)

Net unrealized holding gains on available-for-sale securities, net of taxes ⁽¹⁾	$	618	$	458
Unrecognized director fee plan benefits, net of tax		1		1
Total	$	619	$	459

⁽¹⁾The June 30 and March 31, 2012 ending balance includes $113,000 and $82,000, respectively of unrealized losses in which other-than-temporary impairment has been recognized.