Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income (Loss)

11. Accumulated Other Comprehensive Income (Loss)

The following table shows reclassifications in accumulated other comprehensive income (loss) for the three months ended June 30, 2013:

	Unrealized       gain/(loss) on       available for       sale agency       securities		Unrealized gain/(loss) on unsettled agency securities		Unrealized gain/(loss) on other investments		Unrealized gain/(loss) on derivative instruments		Total
Beginning balance accumulated other comprehensive income (loss) at 4/01/13	$	481,323	$	492	$	(214)	$	(212,553)	$	269,048
Other comprehensive income (loss) before reclassification		(615,199)		(2,776)		(291)		13,569		(604,697)
Balance Sheet Reclassification:
Amount reclassified to mortgage-backed securities available for sale		-		(492)		-		(6,476)		(6,968)
Income Statement Reclassification:
Amounts reclassified to net gain on the sale of mortgage-backed securities		(8,802)		-		-				(8,802)
Amounts reclassified to interest expense								30,586		30,586
Net current period other comprehensive income (loss)		(624,001)		(3,268)		(291)		37,679		(589,881)
Ending balance accumulated other comprehensive income (loss) at 6/30/13	$	(142,678)	$	(2,776)	$	(505)	$	(174,874)	$	(320,833)
The following table shows reclassifications in accumulated other comprehensive income for the six months ended June 30, 2013:
	Unrealized       gain/(loss) on       available for       sale agency       securities		Unrealized gain/(loss) on unsettled agency securities		Unrealized gain/(loss) on other investments		Unrealized gain/(loss) on derivative instruments		Total
Beginning balance accumulated other comprehensive income (loss) at 1/01/13	$	499,343	$	1,217	$	(107)	$	(237,599)	$	262,854
Other comprehensive income (loss) before reclassification		(630,719)		(2,284)		(398)		14,138		(619,263)
Balance Sheet Reclassification:
Amount reclassified to mortgage-backed securities available for sale		-		(1,709)		-		(11,928)		(13,637)
Income Statement Reclassification:
Amounts reclassified to net gain on the sale of mortgage-backed securities		(11,302)		-		-				(11,302)
Amounts reclassified to interest expense								60,515		60,515
Net current period other comprehensive income (loss)		(642,021)		(3,993)		(398)		62,725		(583,687)
Ending balance accumulated other comprehensive income (loss) at 6/30/13	$	(142,678)	$	(2,776)	$	(505)	$	(174,874)	$	(320,833)

The Company records unrealized gains and losses on its agency securities and swap positions as is described in Notes 4 and 7, respectively.