Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Accumulated other comprehensive income (loss)

v3.8.0.1
Note 20 - Accumulated other comprehensive income (loss)
6 Months Ended
Jun. 30, 2017
Notes  
Note 20 - Accumulated other comprehensive income (loss)

Note 20 – Accumulated other comprehensive income (loss)

 

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

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2017

 

2016

2017

2016

Beginning balance

$

(81,566)

$

-

$

-

$

(12,563)

 

 

 

 

Gains (losses) on available for sale securities

 

 (165,520)

 

 -

(247,086)

 -

Less: Tax (tax benefit)

 

 -

 

 -

 -

 -

  Net gains (losses) on available for sale securities

 

 (165,520)

 

 -

 (247,086)

 -

(Gains) Losses reclassified from AOCI to net income

 

 -

 

 -

 -

 12,563

Less: Tax (tax benefit)

 

 -

 

 -

 -

 -

   Net gains (losses) reclassified from AOCI to net income

 

 -

 

 -

 -

 12,563

   Other comprehensive income (loss), net of tax

 

 (165,520)

 

 -

(247,086)

 12,563

 

 

 

 

Ending balance

$

(247,086)

$

 -

$

(247,086)

$

-