Note 7 - Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2013

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

(7) Comprehensive Income (Loss)

Other comprehensive income (loss) is defined as the change in equity during a period from transactions and other events from nonowner sources. Comprehensive income (loss) is the total of net income (loss) and other comprehensive income (loss), which for the Company is comprised of unrealized gains and losses on securities available for sale. The components of other comprehensive income (loss) and the related tax effects for the quarter and nine-months ended September 30, 2013 and 2012 were as follows:

	For the three months ended September 30,
(Dollars in thousands)	2013						2012
Securities available for sale:	Before tax		Tax effect		Net of tax		Before tax			Tax effect		Net of tax
Net unrealized gains (losses) arising during the period	$	473		0		473		(77	)		0		(77	)
Other comprehensive income (loss)	$	473		0		473		(77	)		0		(77	)

	For the nine months ended September 30,
(Dollars in thousands)	2013								2012
Securities available for sale:	Before tax			Tax effect		Net of tax			Before tax			Tax effect		Net of tax
Net unrealized losses arising during the period	$	(1,045	)		0		(1,045	)		(349	)		0		(349	)
Other comprehensive loss	$	(1,045	)		0		(1,045	)		(349	)		0		(349	)

There is no tax effect shown in the above schedule at September 30, 2013 or 2012 since no regular income tax expense was recorded during these periods.