0 52 First BanCorp.> 2001 Year ended December 31, 2001 2000 1999 Net income $86,001,444 $67,275,609 $62,074,949 Other comprehensive income net of tax: Unrealized gains (losses) on securities: Unrealized holding gains (losses) arising during the period  19,515,667 54,938,028 (76,366,386 Less: Reclassification adjustment  for gains included in net income  net of tax benefit of $2,401,578 (2000-$1,962,618; 1999-$344,168) (7,204,736 (5,887,854 (1,032,504 Cumulative effect of accounting change, net of tax benefit of $331,500 994,500 Total other comprehensive income (loss)  13,305,431 49,050,174 (77,398,890 Comprehensive income (loss) $99,306,875 $116,325,783 $(15,323,941 The accompanying notes are an integral part of these statements. ) ) ) ) ) ) First BanCorp Consolidated Statements of Comprehensive Income