NOTE 17 - Other Comprehensive Income/(Loss) Other comprehensive income/(loss) components and related taxes were as follows: (Dollars in thousands) 2010 2009 __________ __________ Net change in net unrealized gains and  losses on securities available-for-sale: Unrealized gains arising  during the year ............................................... $ 314 $ 2,325 Reclassification adjustment for gains included in net income................................... 785 600 __________ __________ Net securities (loss)/gain during the year .......... (471) 1,725 Tax effect ......................................................... 157 (597) __________ __________ Net of tax amount............................................ (314) 1,128 Net change in unrecognized gain on post retirement benefit: Net gain on post retirement benefit.................. 5 6 Amortization of net actuarial gain .................... (13) (15)  __________ __________ Net (loss) activity during the year..................... (8) (9) Tax effect ......................................................... – . – . __________ __________ Net of tax amount............................................ (8) (9)  __________ __________ Other comprehensive (loss)/income, net of tax... $ (322) $ 1,119 __________ __________ Accumulated other comprehensive income/(loss) balances, net of tax, were as follows: NOTE 18 - Parent Company Only Statements (Dollars in thousands) Balance at Current  Balance at  December 31, Period December 31, 2009 Change 2010 __________ __________ __________ Unrealized gains (losses) on securities available-for-sale......... $ (247) $ (314) $ (561) Unrealized gain (loss) on  pension benefits ........................ 77 (8) 69 __________ __________ __________ Total....................................... $ (170) $ (322) $ (492) __________ __________ __________ (Dollars in thousands) NorthWest Indiana Bancorp Condensed Balance Sheets December 31,  2010 2009 ___________ ___________ Assets Cash on deposit with Peoples Bank............... $ 1,093 $ 2,691 Investment in Peoples Bank .......................... 55,754 52,212 Dividends receivable from Peoples Bank....... 427 – Other assets .................................................. 102 107 ___________ ___________ Total assets ................................................. $ 57,376 $ 55,010 ___________ ___________ Liabilities and stockholders’ equity Dividends payable......................................... $ 427 $ 594 Other liabilities ............................................. 860 1,338 ___________ ___________ Total liabilities............................................ 1,287 1,932 Common stock ............................................. 361 361 Additional paid in capital.............................. 5,140 5,104 Accumulated other comprehensive  income (loss)............................................... (492) (170) Retained earnings.......................................... 52,398 49,312 Treasury stock............................................... (1,318) (1,529) ___________ ___________ Total stockholders’ equity ........................... 56,089 53,078 ___________ ___________ Total liabilities and stockholders’ equity ..... $ 57,376 $ 55,010 ___________ ___________ 42 (Dollars in thousands) NorthWest Indiana Bancorp Condensed Statements  of Income  Year Ended December 31,  2010 2009 ___________ ___________ Dividends from Peoples Bank ............................ $ 1,443 $ 2,813 Operating expenses ............................................ 201 176 ___________ ___________ Income before income taxes and equity  in undistributed income of Peoples Bank ......... 1,242 2,637 Income tax benefit.............................................. (72) (58) ___________ ___________ Income before equity in undistributed income of Peoples Bank ................................... 1,314 2,695 Equity/(loss) in undistributed  income of Peoples Bank ................................... 3,865 (207) ___________ ___________ Net income ........................................................ $ 5,179 $ 2,488 ___________ ___________ (Dollars in thousands) NorthWest Indiana Bancorp Condensed Statements of Cash Flows Year Ended December 31,  2010 2009 ___________ ___________ Cash flows from operating activities: Net income ........................................................ $ 5,179 $ 2,488 Adjustments to reconcile net income to  net cash from operating activities Equity in undistributed  net income of Peoples Bank ............................. (3,864) 207 Stock-based compensation expense..................... 36 40 Change in other assets ........................................ (422) 1,123 Change in other liabilities................................... (478) 224 ___________ ___________ Total adjustments............................................... 4,728 1,594 ___________ ___________ Net cash from operating activities .................... 451 4,082 Cash flows from investing activities.................... – . – . Cash flows from financing activities: Dividends paid................................................... (2,200) (3,405) Proceeds from sale of treasury stock.................... 151. 141 Proceeds from issuance of common stock........... – . 6 ___________ ___________ Net cash used in  financing activities............................................ (2,049) (3,258) ___________ ___________ Net change in cash ............................................ (1,598) 824 Cash at beginning of year ................................... 2,691 1,867 ___________ ___________ Cash at end of year............................................. $ 1,093 $ 2,691 ___________ ___________