NOTE 13 — ACCUMULATED OTHER COMPREHENSIVE INCOME

Activity in accumulated other comprehensive income (loss) for the three months periods ended March 31, 2013 and 2012 was as follows:

For the three months ended March 31, 2013, there was a $9,000 reclassification from accumulated other comprehensive income to gains in earnings resulting from the redemption of the available-for-sale securities. The $9,000 reclassification adjustment out of accumulated other comprehensive income was included in net gain on sales of investment securities under non-interest income. The securities were previously recorded as unrealized gains of $34,000 in accumulated other comprehensive income. For the three months ended March 31, 2012, there was a $1,000 reclassification from accumulated other comprehensive income to gain in earnings, which resulted from the redemption of an available-for-sale security. The $1,000 reclassification adjustment out of accumulated other comprehensive income was included in gain on sale of investment securities under non-interest income. The securitiy was previously recorded as an unrealized gain of $4,000 in accumulated other comprehensive income.