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Other Comprehensive Income
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Other Comprehensive Income
12. OTHER COMPREHENSIVE INCOME

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

 

    For the Three Months Ended March 31,  
    2016     2015  
   

 

  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

    $ 28,044         $ 11,778         $ 16,266         $ 20,270         $ 8,514         $ 11,756     

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

     -              -              -              -              -              -         

Amortization of unrealized gains on securities transferred from available-for-sale to held-to-maturity

     (774)         (325)         (449)         -              -              -         

Net realized loss reclassified into earnings

     -              -              -              -              -              -         
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change

    $ 27,270         $ 11,453         $ 15,817         $ 20,270         $ 8,514         $ 11,756     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

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

 

    Investment
Securities		  
     (Dollars in thousands)   

Balance, January 1, 2016

     $ 20,909     

Net change in fair value recorded in accumulated OCI

     15,817     

Net realized loss reclassified into earnings

     -         
 

 

 

  

Balance, March 31, 2016

     $ 36,726     
 

 

 

  
    Investment
Securities		  
    (Dollars in thousands)  

Balance, January 1, 2015

     $ 31,075     

Net change in fair value recorded in accumulated OCI

     11,756     

Net realized loss reclassified into earnings

     -         
 

 

 

  

Balance, March 31, 2015

     $ 42,831