ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2014

ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]

NOTE 9 – ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table details the changes in the single component of accumulated other comprehensive income for the three months ended March 31, 2014:

Accumulated Other Comprehensive Income	Unrealized Gain on Securities Available for Sale
Balance, December 31, 2013	$	(625	)
Reclassification adjustments to net income:
Realized gain on disposition of securities		-
Provision for income taxes		-
Unrealized gains arising during the period, net of tax		1,794
Balance, March 31, 2014	$	1,169

The following table details the changes in the single component of accumulated other comprehensive income for the three months ended March 31, 2013:

Accumulated Other Comprehensive Income	Unrealized Gain on Securities Available for Sale
Balance, December 31, 2012	$	6,576
Reclassification adjustments to net income:
Realized gain on disposition of securities		(148	)
Provision for income taxes		50
Unrealized losses arising during the period, net of tax		(382	)
Balance, March 31, 2013	$	6,096

For the three months ended March 31, 2013, the reclassified realized gain on disposition of securities is reported on the income statement under the caption “Gain on disposition of securities” and the reclassified provision for income taxes is reported on the income statement under the caption “Provision for income taxes”.