pab bankshares, inc. - SNL Financial

PAB BANKSHARES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
YEARS ENDED DECEMBER 31, 2009 2008 AND 2007
2009 2008 2007
Net income (loss) $ (51,172,000) $ (5,911,265) $ 10,785,715
Other comprehensive income (loss):
Unrealized gains (losses) on cash flow hedge during the period,
net of tax (benefit) of ($653,162); $784,099; and $281,360 (1,267,899) 1,550,818 506,137
Reclassification adjustment for (gains) losses on cash flow hedge
included in net income, net of tax (benefit) of $340,668; ($5,444);
and $0 (661,298) 10,567 -
Unrealized holding gains on securities available
for sale arising during the period, net of tax
of $165,020; $734,845; and 809,190 320,820 1,435,381 1,502,781
Reclassification adjustment for gains on securities
available for sale included in net income, net of tax
of $698,967; $76,557; and $109,546 (1,356,818) (148,611) (203,442)
(2,965,195) 2,848,155 1,805,476
Comprehensive income (loss) $ (54,137,195) $ (3,063,110) $ 12,591,191
See accompanying notes to consolidated financial statements.
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