Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Components of Other Comprehensive Income

The tables below provide a summary of the components of other comprehensive income (“OCI”) for the three and nine months ended September 30, 2014 and 2013:


	For the Three Months Ended September 30, 2014
	Before-Tax			Tax Effect			After-Tax
	(Dollars in thousands)
Investment securities available-for-sale:
Net change in fair value recorded in accumulated OCI	$	(10,291	)	$	(4,322	)	$	(5,969	)

Net change	$	(10,291	)	$	(4,322	)	$	(5,969	)


	For the Three Months Ended September 30, 2013
	Before-Tax			Tax Effect			After-Tax
	(Dollars in thousands)
Investment securities available-for-sale:
Net change in fair value recorded in accumulated OCI	$	421		$	176		$	245

Net change	$	421		$	176		$	245


	For the Nine Months Ended September 30, 2014
	Before-Tax			Tax Effect			After-Tax
	(Dollars in thousands)
Investment securities available-for-sale:
Net change in fair value recorded in accumulated OCI	$	47,272		$	19,854		$	27,418

Net change	$	47,272		$	19,854		$	27,418


	For the Nine Months Ended September 30, 2013
	Before-Tax			Tax Effect			After-Tax
	(Dollars in thousands)
Investment securities available-for-sale:
Net change in fair value recorded in accumulated OCI	$	(65,129	)	$	(27,355	)	$	(37,774	)
Net realized gains reclassified into earnings (1)		(2,094	)		(879	)		(1,215	)

Net change	$	(67,223	)	$	(28,234	)	$	(38,989	)

(1)	Net realized gains are included in noninterest income in the unaudited condensed consolidated statements of earnings and comprehensive income for the nine months ended September 30, 2013.

Summary of Change in Accumulated Other Comprehensive Income

The following table provides a summary of the change in accumulated other comprehensive income for the nine months ended September 30, 2014 and 2013:


	Investment Securities Available-for-Sale
	(Dollars in thousands)
Balance, January 1, 2014	$	(9,330	)
Net change in fair value recorded in accumulated OCI		27,418
Net realized losses reclassified into earnings		—

Balance, September 30, 2014	$	18,088


	Investment Securities Available-for-Sale
	(Dollars in thousands)
Balance, January 1, 2013	$	43,251
Net change in fair value recorded in accumulated OCI		(37,774	)
Net realized gains reclassified into earnings		(1,215	)

Balance, September 30, 2013	$	4,262