ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

9 Months Ended

Sep. 30, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

NOTE 8                      ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS

Accumulated other comprehensive income or loss represents the net unrealized holding gains or losses

on securities available for sale and the funded status of the Corporation's defined benefit pension plan and other

benefit plans, as of the consolidated balance sheet dates, net of the related tax effect.

The following is a summary of the changes in accumulated other comprehensive income or loss by component,

net of tax, for the periods indicated:

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at December 31, 2012	$	8,022,790		$	(10,829,719	)	$	(2,806,929	)
Other comprehensive income before   reclassification		(1,170,076	)		-			(1,170,076	)
Amounts reclassified from accumulated other   comprehensive income		(756	)		701,063			700,307
Net current period other comprehensive loss		(1,170,832	)		701,063			(469,769	)
Balance at September 30, 2013	$	6,851,958		$	(10,128,656	)	$	(3,276,698	)

	Unrealized Gains and Losses on Securities Available for Sale		Defined Benefit and Other Benefit Plans			Total
Balance at June 30, 2013	$	5,987,659	$	(10,362,706	)	$	(4,375,047	)
Other comprehensive income before   reclassification		864,299		-			864,299
Amounts reclassified from accumulated other   comprehensive income		-		234,050			234,050
Net current period other comprehensive loss		864,299		234,050			1,098,349
Balance at September 30, 2013	$	6,851,958	$	(10,128,656	)	$	(3,276,698	)

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at December 31, 2011	$	7,987,055		$	(9,428,433	)	$	(1,441,378	)
Other comprehensive income before   reclassification		973,217			-			973,217
Amounts reclassified from accumulated other   comprehensive income		(184,998	)		581,304			396,306
Net current period other comprehensive income		788,219			581,304			1,369,523
Balance at September 30, 2012	$	8,775,274		$	(8,847,129	)	$	(71,855	)

	Unrealized Gains and Losses on Securities Available for Sale			Defined Benefit and Other Benefit Plans			Total
Balance at June 30, 2012	$	8,184,871		$	(9,040,897	)	$	(856,026	)
Other comprehensive income before   reclassification		590,771			-			590,771
Amounts reclassified from accumulated other   comprehensive income		(368	)		193,768			193,400
Net current period other comprehensive income		590,403			193,768			784,171
Balance at September 30, 2012	$	8,775,274		$	(8,847,129	)	$	(71,855	)

The following is the reclassification out of accumulated other comprehensive income for the periods indicated:

Details about Accumulated Other Comprehensive Income Components	Nine Months Ended September 30,							Affected Line Item  in the Statement Where Net Income is Presented
			2013			2012
Unrealized gains and losses on securities   available for sale:
Realized gains on securities available for sale		$	1,228		$	300,516			Net gains on securities transactions
Income tax expense			472			115,518			Income tax expense
Net of tax			756			184,998
Amortization of defined pension plan   and other benefit plan items:
Prior service costs (a)			62,358			62,358			Pension and other employee benefits
Actuarial losses (a)			(1,201,594	)		(1,006,644	)		Pension and other employee benefits
Income tax benefit			438,173			362,982			Income tax expense
Net of tax			(701,063	)		(581,304	)
Total reclassification for the period, net of tax		$	(700,307	)	$	(396,306	)

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 10 for additional information).

Details about Accumulated Other Comprehensive Income Components	Three Months Ended September 30,							Affected Line Item  in the Statement Where Net Income is Presented
			2013			2012
Unrealized gains and losses on securities   available for sale:
Realized gains on securities available for sale		$	-		$	597			Net gains on securities transactions
Income tax expense			-			230			Income tax expense
Net of tax			-			367
Amortization of defined pension plan   and other benefit plan items:
Prior service costs (a)			20,786			20,786			Pension and other employee benefits
Actuarial losses (a)			(400,508	)		(335,548	)		Pension and other employee benefits
Income tax benefit			145,672			120,994			Income tax expense
Net of tax			(234,050	)		(193,768	)
Total reclassification for the period, net of tax		$	(234,050	)	$	(193,401	)

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 10 for additional information).