NOTE 11 - OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2012

Other Comprehensive Income, Noncontrolling Interest [Text Block]

NOTE 11 – OTHER COMPREHENSIVE INCOME

At March 31, 2012 and 2011, the Company’s other comprehensive income components were as follows (in thousands):

March 31, 2012	Before Tax			Tax Effect			After Tax
Other comprehensive income:
Unrealized holding gains	$	1,694		$	(695	)	$	999
Less: reclassification adjustment for realized losses included in net income		(9	)		4			(5	)
Other comprehensive income on investment securities		1,703			(699	)		1,004
Prior service costs arising during the period		(125	)		74			(51	)
Less: amortization of prior service costs included in net periodic pension costs		(125	)		74			(51	)
Other comprehensive income on pension plan		—			—			—
Total other comprehensive income	$	1,703		$	(699	)	$	1,004

March 31, 2011		Before Tax			Tax Effect			After Tax
Other comprehensive income:
Unrealized holding gains	$	584		$	(239	)	$	345
Less: reclassification adjustment for realized losses included in net income		(10	)		4			(6	)
Other comprehensive income on investment securities		594			(243	)		351
Prior service costs arising during the period		8			(5	)		3
Less: amortization of prior service costs included in net periodic pension costs		8			(5	)		3
Other comprehensive income on pension plan		—			—			—
Total other comprehensive income	$	594		$	(243	)	$	351