ACCUMULATED OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2011

ACCUMULATED OTHER COMPREHENSIVE INCOME

8. ACCUMULATED OTHER COMPREHENSIVE INCOME

Other comprehensive income components and related taxes were as follows:

	September 30, 2011			September 30, 2010
Net unrealized gain on securities available-for-sale	$	4,622,319		$	1,718,176
Less reclassification adjustment for realized gains included in income		138,291			424,470
Other comprehensive income before tax effect		4,484,028			1,293,706
Tax expense		(1,524,570	)		(439,860	)
Other comprehensive income	$	2,959,458		$	853,846

The components of accumulated other comprehensive income, included in stockholders’ equity, are as follows:

	September 30, 2011			December 31, 2010
Net unrealized gain on securities available-for-sale	$	4,255,540		$	(228,488	)
Tax effect		(1,446,884	)		77,686
Net-of-tax amount	$	2,808,656		$	(150,802	)