Quarterly report pursuant to Section 13 or 15(d)

Note 21 - Accumulated other comprehensive income (loss)

v3.8.0.1
Note 21 - Accumulated other comprehensive income (loss)
9 Months Ended
Sep. 30, 2017
Notes  
Note 21 - Accumulated other comprehensive income (loss)

Note 21 – Accumulated other comprehensive income (loss)

 

The changes in the balances for accumulated other comprehensive income (loss) (“AOCI”) were as follows:

             

 

 

Three Months Ended

September 30,

 

Nine Months Ended September 30,

 

2017

 

2016

2017

2016

Beginning balance

$ (247,086)

 

 $ -

$ -

$ (12,563)

 

 

 

Gains (losses) on available for sale securities

 58,249

 

 -

(188,837)

 (8,831)

Less: Tax (tax benefit)

 -

 

 -

 -

 -

Net gains (losses) on available for sale securities

 58,249

 

 -

 (188,837)

 (8,831)

(Gains) Losses reclassified from AOCI to net

 Income

 163,445

 

 -

 163,445

 21,394

Less: Tax (tax benefit)

 -

 

 -

 -

 -

Net gains (losses) reclassified from AOCI to net

 Income

 -

 

 -

 -

 21,394

Other comprehensive income (loss), net of tax

 221,694

 

 -

(25,392)

 12,563

 

 

 

Ending balance

$ (25,392)

 

 $ -

$ (25,392)

 $ -