Bank Account Project

I am designing a bank account for a final project and I am having some troubles with my math and thought maybe someone out there could help me out. I want it to update the balance and previous balance every time the user clicks the calculate button. As of right now it will only calculate one time. Here is my code (sorry it is a little long).

Code:

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package bankaccount;

/**
 * Final Project
 * Validation Assignment
 *
 * @author    ###########
 * @created    March 14, 2011
 */

import java.awt.*;
import java.awt.event.*;
import javax.swing.*;
import java.text.*;
import javax.swing.border.*;
import java.util.*;
import java.awt.print.*;


public class BankAccount
{

    /**
    * @param args the command line arguments
    */
    public static void main(String[] args)
    {
        JFrame frame = new BankFrame();
        frame.setVisible(true);

    }

}

class BankFrame extends JFrame
{
    public BankFrame()
    {
        setTitle("Bank of Jarred");
        centerWindow(this);
        setSize(250, 250);
        setResizable(false);
        setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);
        JPanel panel = new BankPanel();
        this.add(panel);
    }

    private void centerWindow(Window w)
    {
        Toolkit tk = Toolkit.getDefaultToolkit();
        Dimension d = tk.getScreenSize();
        setLocation((d.width-w.getWidth())/2, (d.height-w.getHeight())/2);
    }

}

class BankPanel extends JPanel implements ActionListener
{
    private JTextField  nameTextField,
                        amountTextField,
                        balanceTextField,
                        previousBalanceTextField;

    private JLabel      nameLabel,
                        amountLabel,
                        previousBalanceLabel,
                        balanceLabel;

    private JRadioButton depositRadioButton,
                        withdrawRadioButton;

    private JButton    calculateButton,
                        printButton,
                        exitButton;

    private JComboBox    nameComboBox;


    public BankPanel()
    {

        Border loweredBorder
            = BorderFactory.createBevelBorder(BevelBorder.LOWERED);

        // display panel
        JPanel displayPanel = new JPanel();
        displayPanel.setLayout(new FlowLayout(FlowLayout.RIGHT));


        // name label
        nameLabel = new JLabel("Name:");
        displayPanel.add(nameLabel);


        // name combo box
        String[] names = { "Tom", "Jason", "Mary", "Tyler", "Sue", "Jan",
                            "Michael", "Pam", "Stephanie", "Alex", "Hector", "Rose" };
        // sort the name array in alphabetical order
        Arrays.sort(names);
        String prototypeValue="XXXXXXXXXXXXXXX";
        nameComboBox = new JComboBox(names);
        nameComboBox.addActionListener(this);
        nameComboBox.setPrototypeDisplayValue(prototypeValue);
        displayPanel.add(nameComboBox);
       
       
        // amount label
        amountLabel = new JLabel("Amount:");
        displayPanel.add(amountLabel);

        // amount text field
        amountTextField = new JTextField(12);
        displayPanel.add(amountTextField);

        // radio button panel
        JPanel radioPanel = new JPanel();
        ButtonGroup typeGroup = new ButtonGroup();
        radioPanel.setLayout(new FlowLayout(FlowLayout.LEFT));
        radioPanel.setBorder(
        BorderFactory.createTitledBorder(loweredBorder,"Type:"));

        // deposit radio button
        depositRadioButton = new JRadioButton("Deposit", true);
        depositRadioButton.addActionListener(this);
        typeGroup.add(depositRadioButton);
        radioPanel.add(depositRadioButton);

        // withdraw radio button
        withdrawRadioButton = new JRadioButton("Withdraw");
        withdrawRadioButton.addActionListener(this);
        typeGroup.add(withdrawRadioButton);
        radioPanel.add(withdrawRadioButton);

       
        // Previous Balance label
        previousBalanceLabel = new JLabel("Balance:");
        displayPanel.add(previousBalanceLabel);

        //Previous Balance text field
        previousBalanceTextField = new JTextField(12);
        previousBalanceTextField.setEditable(false);
        previousBalanceTextField.setFocusable(false);
        displayPanel.add(previousBalanceTextField);
       
        // Balance label
        balanceLabel = new JLabel("New Balance:");
        displayPanel.add(balanceLabel);

        // Balance text field
        balanceTextField = new JTextField(12);
        balanceTextField.setEditable(false);
        balanceTextField.setFocusable(false);
        displayPanel.add(balanceTextField);

        // button panel
        JPanel buttonPanel = new JPanel();
        buttonPanel.setLayout(new FlowLayout(FlowLayout.RIGHT));

        // calculate button
        calculateButton = new JButton("Calculate");
        calculateButton.addActionListener(this);
        buttonPanel.add(calculateButton);

        //print button
        printButton = new JButton("Print");
        printButton.addActionListener(this);
        buttonPanel.add(printButton);

        // exit button
        exitButton = new JButton("Exit");
        exitButton.addActionListener(this);
        buttonPanel.add(exitButton);

        // add panels to main panel
        this.setLayout(new BorderLayout());
        this.add(displayPanel, BorderLayout.CENTER);
        this.add(radioPanel, BorderLayout.NORTH);
        this.add(buttonPanel, BorderLayout.SOUTH);

    }
    // check to see if amount is empty
    private boolean validateFeed()
    {
        boolean valid = true;
        if (this.amountTextField.getText().trim().length() == 0) {
            JOptionPane.showMessageDialog(null, "Amount must not be empty.", "Error", JOptionPane.ERROR_MESSAGE);
            valid = false;
        }
        if (this.previousBalanceTextField.getText().trim().length() == 0) {
            JOptionPane.showMessageDialog(null, "Amount must not be empty.", "Error", JOptionPane.ERROR_MESSAGE);
            valid = false;
        }
        return valid;
      }

   



    public void actionPerformed(ActionEvent e)
    {
        // Adds balances depending on the person selected
        int selected = nameComboBox.getSelectedIndex();
          // format to currency
           
      // setting the previous balanced based on customer
          if(selected==0)
        {
          previousBalanceTextField.setText("420");
        }
        if(selected== 1)
        {
          previousBalanceTextField.setText("4000");
        }
        if(selected==2)
        {
          previousBalanceTextField.setText("4500");
        }
        if(selected==3)
        {
          previousBalanceTextField.setText("100");
        }
        if(selected==4)
        {
          previousBalanceTextField.setText("10000");
        }
        if(selected==5)
        {
          previousBalanceTextField.setText("3556");
        }
        if(selected==6)
        {
          previousBalanceTextField.setText("56");
        }
        if(selected==7)
        {
          previousBalanceTextField.setText("1");
        }
        if(selected==8)
        {
          previousBalanceTextField.setText("560");
        }
        if(selected==9)
        {
          previousBalanceTextField.setText("123");
        }
        if(selected==10)
        {
          previousBalanceTextField.setText("0");
        }
        if(selected==11)
        {
          previousBalanceTextField.setText("9");
        }
       
         
         
//preforms action when one of the 3 buttons are checked
        Object source = e.getSource();
        if (source == exitButton)
            System.exit(0);
        else if (source == calculateButton)
        {
            // validate feed checks to see if amount is empty
          if (validateFeed())
          {


           
            //try and catch clock to catch non numeric data
            try
            {
                //reading from new balance and amount text fields
            double balance = Double.parseDouble(previousBalanceTextField.getText());
            double newBalance;
            double amount = Double.parseDouble(amountTextField.getText());

           

            // format to currency
            NumberFormat currency = NumberFormat.getCurrencyInstance();


            if (depositRadioButton.isSelected())
                {
             
               
                newBalance = balance + amount;
                balanceTextField.setText(currency.format(newBalance));


     
                }

            if (withdrawRadioButton.isSelected())
                {
               
                   
                    newBalance = balance - amount;

                    if (newBalance < 0)
                    {
                    JOptionPane.showMessageDialog(null, "You are about to overdraft! Canceling withdraw.", "Error", JOptionPane.ERROR_MESSAGE);
                    }
                    else
                    {
                    balanceTextField.setText(currency.format(newBalance));
                    }
                }
            }
            catch (NumberFormatException ex)
            {
              JOptionPane.showMessageDialog(null, "Non Numeric Data.", "Error", JOptionPane.ERROR_MESSAGE);
            }

            }
        }

        else if (source == printButton)
        {
            PrintUtilities.printComponent(this);

        }


         
    }

}

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