Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income (Unaudited)

v2.4.0.6
Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
Aug. 31, 2011
Consolidated Statements of Comprehensive Income [Abstract]        
Net Income $ 428,747 $ 399,294 $ 818,381 $ 495,131
Other Comprehensive (Loss) Income        
Unrealized holding gains (losses) arising during the period, net of tax 72,669 (82,317) 215,755 (8,964)
Less: Reclassification adjustment for (gains) losses included in net income, net of tax (75,779)   (73,125) (490)
Comprehensive Income (Note 7, Note 12) $ 425,637 [1],[2] $ 316,977 [1],[2] $ 961,011 [1],[2] $ 485,677 [1],[2]
[1] The reclassification adjustment for losses for the three and nine months ended August 31, 2012 is net of a deferred tax benefit of $50,309 and $48,547, respectively. The reclassification adjustment for losses for the three and nine months ended August 31, 2011 is net of a deferred tax benefit of $0 and $325, respectively.
[2] Unrealized holding gains (losses) for the three and nine months ended August 31, 2012 is net of a deferred tax (expense) benefit of $(48,244) and $(144,836), respectively. Unrealized holding (losses) for the three and nine months ended August 31, 2011 is net of a deferred tax benefit of $56,323 and $5,573, respectively.