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Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Summary of Components of Other Comprehensive Income (Loss)

The tables below provide a summary of the components of other comprehensive income (loss) (“OCI”) for the periods presented.

 

    

For the Three Months Ended September 30,

  
    

2015

         

2014

  
     Before-tax     Tax effect     After-tax          Before-tax     Tax effect     After-tax  
    

(Dollars in thousands)

  

Investment securities:

                

Net change in fair value recorded in accumulated OCI

    $ 12,318      $ 5,175      $ 7,143         $ (10,291 )    $ (4,322 )    $ (5,969 ) 

Cumulative-effect adjustment for unrealized gains on securities transferred from available-for-sale to held-to-maturity

      6,690        2,808        3,882           -            -            -       

Amortization of unrealized gains on securities

      (334 )      (140 )      (194 )         -            -            -       

transferred from available-for-sale to held-to-maturity

                

Net realized loss reclassified into earnings

      22        9        13           -            -            -       
  

 

 

    

 

 

    

 

 

       

 

 

    

 

 

    

 

 

  

Net change

    $ 18,696      $ 7,852      $ 10,844         $ (10,291 )    $ (4,322 )    $ (5,969 ) 
  

 

 

    

 

 

    

 

 

       

 

 

    

 

 

    

 

 

  
    

For the Nine Months Ended September 30,

  
    

2015

         

2014

  
     Before-tax     Tax effect     After-tax          Before-tax     Tax effect     After-tax  
    

(Dollars in thousands)

  

Investment securities:

                

Net change in fair value recorded in accumulated OCI

    $ (382 )    $ (159 )    $ (223 )       $ 47,272      $ 19,854      $ 27,418   

Cumulative-effect adjustment for unrealized gains on securities transferred from available-for-sale to held-to-maturity

      6,690        2,808        3,882           -            -            -       

Amortization of unrealized gains on securities

      (334 )      (140 )      (194 )         -            -            -       

transferred from available-for-sale to held-to-maturity

                

Net realized loss reclassified into earnings

      22        9        13           -            -            -       
  

 

 

    

 

 

    

 

 

       

 

 

    

 

 

    

 

 

  

Net change

    $ 5,996      $ 2,518      $ 3,478         $ 47,272      $ 19,854      $ 27,418   
  

 

 

    

 

 

    

 

 

       

 

 

    

 

 

    

 

 

  

Summary of Change in Accumulated Other Comprehensive Income

The following table provides a summary of the change in accumulated other comprehensive income for the periods presented.

 

     Investment Securities  
     (Dollars in thousands)  

Balance, January 1, 2015

    $ 31,075   

Net change in fair value recorded in accumulated OCI

      3,465   

Net realized loss reclassified into earnings

      13   
  

 

 

  

Balance, September 30, 2015

    $ 34,553   
  

 

 

  
     Investment Securities  
     (Dollars in thousands)  

Balance, January 1, 2014

    $ (9,330 ) 

Net change in fair value recorded in accumulated OCI

      27,418   

Net realized loss reclassified into earnings

      -       
  

 

 

  

Balance, September 30, 2014

    $ 18,088