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BANF » Topics » (11) COMPREHENSIVE INCOME

This excerpt taken from the BANF 10-Q filed May 11, 2009.

(11) COMPREHENSIVE INCOME

The only component of comprehensive income reported by the Company is the unrealized gain or loss on securities available for sale. The amount of this unrealized gain or loss, net of tax, has been presented in the statement of income for each period as a component of other comprehensive income. The following is a summary of the tax effects of this unrealized gain or loss (dollars in thousands):

 

     Three Months Ended
March 31,		  
     2009     2008  

Unrealized gain (loss) during the period:

     

Before-tax amount

    $ (2,436 )   $ 10,633  

Tax (expense) benefit

      853       (3,722 )
                

Net-of-tax amount

    $ (1,583 )   $ 6,911  
                

The amount of unrealized gain or loss included, net of tax, in accumulated other comprehensive income is summarized in the following table (dollars in thousands):

 

     Three Months Ended
March 31,		  
     2009     2008  

Unrealized gain (loss) on securities:

     

Beginning balance

    $ 14,677     $ 6,949  

Current period change

      (2,774 )     10,605  

Reclassification adjustment for gains (losses) included in net income

      1,191       (3,694 )
                

Ending balance

    $ 13,094     $ 13,860  
                

 

12

These excerpts taken from the BANF 10-K filed Mar 16, 2009.

Comprehensive Income

Comprehensive income includes all changes in shareholders’ equity during a period, except those resulting from transactions with shareholders. Besides net income, other components of the Company’s comprehensive income includes the after tax effect of changes in the net unrealized gain/loss on securities available for sale.

Comprehensive Income

FACE="Times New Roman" SIZE="2">Comprehensive income includes all changes in shareholders’ equity during a period, except those resulting from transactions with shareholders. Besides net income, other components of the Company’s
comprehensive income includes the after tax effect of changes in the net unrealized gain/loss on securities available for sale.

These excerpts taken from the BANF 10-K filed Mar 14, 2008.

Comprehensive Income

Comprehensive income includes all changes in shareholders’ equity during a period, except those resulting from transactions with shareholders. Besides net income, other components of the Company’s comprehensive income includes the after tax effect of changes in the net unrealized gain/loss on securities available for sale.

Comprehensive Income

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Comprehensive income includes all changes in shareholders’ equity during a period, except those resulting from transactions with shareholders.
Besides net income, other components of the Company’s comprehensive income includes the after tax effect of changes in the net unrealized gain/loss on securities available for sale.

FACE="Times New Roman" SIZE="2">Statement of Cash Flows

For purposes of the statement of cash flows, the Company considers cash and
due from banks, and interest-bearing deposits with banks as cash equivalents.

This excerpt taken from the BANF 10-K filed Mar 15, 2007.

Comprehensive Income

Comprehensive income includes all changes in shareholders’ equity during a period, except those resulting from transactions with shareholders. Besides net income, other components of the Company’s comprehensive income includes the after tax effect of changes in the net unrealized gain/loss on securities available for sale.

This excerpt taken from the BANF 8-K filed Feb 16, 2007.

(9) COMPREHENSIVE INCOME

The only component of comprehensive income reported by the Company is the unrealized gain or loss on securities available for sale. The amount of this unrealized gain or loss, net of tax, has been presented in the statement of income for each period as a component of other comprehensive income. Below is a summary of the tax effects of this unrealized gain or loss.

 

     Three Months Ended
December 31,		     Year Ended
December 31,		  
     2006     2005     2006     2005  

Unrealized gains (losses) during the period:

         

Before-tax amount

    $ 2,239     $ (2,098 )   $ 5,248     $ (9,103 )

Tax (expense) benefit

      (794 )     740       (1,838 )     2,856  
                                

Net-of-tax amount

    $ 1,445     $ (1,358 )   $ 3,410     $ (6,247 )
                                

The amount of unrealized gain or loss included in accumulated other comprehensive income is summarized below.

 

     Three Months Ended
December 31,		     Year Ended
December 31,		  
     2006     2005     2006     2005  

Unrealized gain (loss) on securities:

         

Beginning balance

    $ (1,253 )   $ (1,684 )   $ (2,968 )   $ 3,152  

Current period change

      1,445       (1,358 )     3,410       (6,247 )

Reclassification adjustment for (gains) losses included in net income

      (92 )     74       (342 )     127  
                                

Ending balance

    $ 100     $ (2,968 )   $ 100     $ (2,968 )
                                

 

10

This excerpt taken from the BANF 10-Q filed May 10, 2006.

(11) COMPREHENSIVE INCOME

The only component of comprehensive income reported by the Company is the unrealized gain or loss on securities available for sale. The amount of this unrealized gain or loss, net of tax, has been presented in the statement of income for each period as a component of other comprehensive income. Below is a summary of the tax effects of this unrealized gain or loss.

 

    

Three Months Ended

March 31,

  
     2006     2005  
     (dollars in thousands)  

Unrealized gain (loss) during the period:

   

Before-tax amount

    $ (1,556 )   $ (6,775 )

Tax (expense) benefit

      544       2,252  
                

Net-of-tax amount

    $ (1,012 )   $ (4,523 )
                

The amount of unrealized gain or loss included, net of tax, in accumulated other comprehensive income is summarized below.

 

    

Three Months Ended

March 31,

  
     2006     2005  
     (dollars in thousands)  

Unrealized gain (loss) on securities:

   

Beginning balance

    $ (2,968 )   $ 3,152  

Current period change

      (1,011 )     (4,523 )

Reclassification adjustment for gains included in net income

      (1 )     —    
                

Ending balance

    $ (3,980 )   $ (1,371 )
                

 

13

EXCERPTS ON THIS PAGE:

10-Q
May 11, 2009
10-K (2 sections)
Mar 16, 2009
10-K (2 sections)
Mar 14, 2008
10-K
Mar 15, 2007
8-K
Feb 16, 2007
10-Q
May 10, 2006

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