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OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2018

Statement of Other Comprehensive Income [Abstract]

OTHER COMPREHENSIVE INCOME

NOTE 22 – OTHER COMPREHENSIVE LOSS

The following table presents changes in accumulated other comprehensive loss for the quarters and nine-month periods ended September 30, 2018 and 2017:

	Changes in Accumulated Other Comprehensive Loss by Component (1)
	Quarter ended						Nine-month period
	September 30,			September 30,			September 30,			September 30,
	2018			2017			2018			2017
(In thousands)
Unrealized net holding losses on debt securities
Beginning balance	$	(52,107)		$	(14,625)		$	(20,609)		$	(34,383)
Other comprehensive (loss) income		(10,780)			3,719			(42,278)			11,617
Amounts reclassified from accumulated comprehensive loss		-			-			-			11,860
Ending balance	$	(62,887)		$	(10,906)		$	(62,887)		$	(10,906)

Unrealized holding losses on equity securities
Beginning balance	$	-		$	(4)		$	(6)		$	(7)
Reclassification to retained earnings per ASU 2016-01		-			-			6			-
Other comprehensive income		-			-			-			3
Ending balance	$	-		$	(4)		$	-		$	(4)
______________________
(1) All amounts presented are net of tax.

The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss during the quarters and nine-month periods ended September 30, 2018 and 2017:

			Reclassifications Out of Accumulated Other Comprehensive Loss
			Quarter ended						Nine-month period ended
			September 30,						September 30,
	Affected Line Item in the Consolidated Statements of Income		2018			2017			2018			2017
(In thousands)
Unrealized holding losses on debt securities
Realized gain (loss) on sale of debt securities	Net gain on sale of
	investments		$	-		$	-		$	-		$	371
OTTI on debt securities	Net impairment losses
	on available-for-sale
	debt securities			-			-			-			(12,231)
	Total before tax		$	-		$	-		$	-		$	(11,860)
	Income tax			-			-			-			-
	Total, net of tax		$	-		$	-		$	-		$	(11,860)