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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) BY COMPONENT
9 Months Ended
Sep. 30, 2016
Changes In Accumulated Other Comprehensive Income (Aoci) By Component [Abstract]  
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) BY COMPONENT
8. CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) BY COMPONENT

 

Amounts reclassified from AOCI and the affected line items in the statements of income during the three and nine months ended September 30, 2016 and 2015, were as follows:

 

    Amounts Reclassified      
    from AOCI      
    Three Months Ended     Affected Line Item in the
    September 30, 2016     September 30, 2015     Statements of Income
Unrealized gains on securities available-for-sale securities   $ 83,712     $ 55,125     Net realized gains on sales of available-for-sale securities
      83,712       55,125      
Tax effect     (28,462 )     (18,742 )   Income taxes
Total reclassification out of AOCI   $ 55,250     $ 36,383     Net reclassified amount

 

    Amounts Reclassified      
    from AOCI      
    Nine months ended     Affected Line Item in the
    September 30, 2016     September 30, 2015     Statements of Income
Unrealized gains on securities available-for-sale securities   $ 291,810     $ 267,201     Net realized gains on sales of available-for-sale securities
      291,810       267,201      
Tax effect     (99,215 )     (90,848 )   Income taxes
Total reclassification out of AOCI   $ 192,595     $ 176,353     Net reclassified amount