Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2013

Accumulated Other Comprehensive Income

11. Accumulated Other Comprehensive Income

The following table shows reclassifications in accumulated other comprehensive income for the three months ended September 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 7/01/13	$	(142,678)	$	(2,776)	$	(505)	$	(174,874)	$	(320,833)
Other comprehensive income (loss) before reclassification		(48,294)		2,926		82		(29,451)		(74,737)
Balance Sheet Reclassification:
Amount reclassified to mortgage-backed securities available for sale		-		2,776		-		43,724		46,500
Income Statement Reclassification:
Amounts reclassified to net loss on the sale of mortgage-backed securities		225,635		-		-				225,635
Amounts reclassified for impairment loss on mortgage-backed securities		8,102								8,102
Amounts reclassified to interest expense								30,954		30,954
Net current period other comprehensive income (loss)		185,443		5,702		82		45,227		236,454
Ending balance accumulated other comprehensive income (loss) at 9/30/13	$	42,765	$	2,926	$	(423)	$	(129,647)	$	(84,379)

The following table shows reclassifications in accumulated other comprehensive income for the nine months ended September 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		(679,013)		642		(316)		(15,313)		(694,000)
Balance Sheet Reclassification:
Amount reclassified to mortgage-backed securities available for sale		-		1,067		-		31,795		32,863
Income Statement Reclassification:
Amounts reclassified to net loss on the sale of mortgage-backed securities		214,333		-		-				214,333
Amounts reclassified for impairment loss on mortgage-backed securities		8,102								8,102
Amounts reclassified to interest expense								91,470		91,469
Net current period other comprehensive income (loss)		(456,578)		1,709		(316)		107,952		(347,233)
Ending balance accumulated other comprehensive income (loss) at 9/30/13	$	42,765	$	2,926	$	(423)	$	(129,647)	$	(84,379)

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