Other Comprehensive Income

12 Months Ended

Dec. 31, 2011

Comprehensive Income Note Disclosure [Abstract]

Comprehensive Income (Loss) Note [Text Block]

NOTE 20 - OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income components and related taxes were as follows:

In thousands of dollars		2011		2010			2009
Unrealized gains (losses) on securities available for sale	$	1,561	$	(962	)	$	519
Reclassification for realized amount included in income		-		(31	)		24
Other comprehensive income (loss) before tax effect		1,561		(993	)		543
Tax expense (benefit)		531		(338	)		185
Other comprehensive income (loss)	$	1,030	$	(655	)	$	358

The components of accumulated other comprehensive income included in shareholders’ equity at December 31, 2011 and, 2010 were as follows:

In thousands of dollars	12/31/11		12/31/10
Net unrealized gains on securities available for sale	$	2,501	$	940
Tax expense		850		319
Accumulated other comprehensive income	$	1,651	$	621