ACCUMULATED OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

15. ACCUMULATED OTHER COMPREHENSIVE INCOME

The following tables presents the components of comprehensive loss for securities for the three and nine months endedSeptember 30, 2013 and 2012. 

	Three Months Ended September 30, 2013			Three Months Ended September 30, 2012
	Before Tax	Tax Effect	Net of Tax	Before Tax	Tax Effect	Net of Tax
Net unrealized holding gain (loss)
arising during period	$       (350,524)	$       (119,178)	$       (231,346)	$         104,229	$           35,438	$           68,791
Reclassification adjustments	-	-	-	-	-	-
Other comprehensive gain (loss)	$       (350,524)	$       (119,178)	$       (231,346)	$         104,229	$           35,438	$           68,791

	Nine Months Ended September 30, 2013			Nine Months Ended September 30, 2012
	Before Tax	Tax Effect	Net of Tax	Before Tax	Tax Effect	Net of Tax
Net unrealized holding gain (loss)
arising during period	$     (1,591,096)	$       (540,972)	$     (1,050,124)	$         115,973	$           39,431	$           76,542
Reclassification adjustments	-	-	-	-	-	-
Other comprehensive gain (loss)	$     (1,591,096)	$       (540,972)	$     (1,050,124)	$         115,973	$           39,431	$           76,542

The following table presents the changes in each component of accumulated other comprehensive income for securities, net of tax, for the three and nine months endedSeptember 30, 2013.

	Three Months Ended September 30, 2013	Nine Months Ended September 30, 2013
	Net Unrealized Gains And Losses	Net Unrealized Gains And Losses
Beginning of period	$           (679,594)	$             139,184
Other comprehensive loss
before reclassifications	(231,346)	(1,050,124)
Amounts reclassified from accumulated
other comprehensive income	-	-
Net other comprehensive loss	(231,346)	(1,050,124)
End of period	$           (910,940)	$           (910,940)