Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements

Comprehensive Income (Loss)

Comprehensive income includes net income and other comprehensive income, which is defined as nonowner related transactions in equity.  The following table sets forth the amounts of other comprehensive income included in equity along with the related tax effect for the three and six month periods ended June 30, 2011 and 2010:

	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Unrealized gains (losses) on securities available for sale	$	(25,042	)	$	197,348		$	127,115		$	194,577
Reclassification of gains recognized in net income		(29,117	)		(275,212	)		(29,117	)		(275,212	)
Income tax benefit (expense)		21,095			14,611			(38,170	)		15,690
Other comprehensive income (loss)	$	(33,064	)	$	(63,253	)		59,828		$	(64,945	)