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Accumulated Other Comprehensive Income | 9 Months Ended
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Sep. 30, 2015
Disclosure Text Block Abstract |
Comprehensive Income Note Text Block | NOTE 1 7 - ACCUMULATED OTHER COMPREHENSIVE INCOME Accumulated other comprehensive income, net of income tax, as of September 30, 2015 and December 31, 2014 consisted of:
| September 30, |  | December 31,
| 2015 |  | 2014
| (In thousands)
Unrealized gain on securities available-for-sale which are not other-than-temporarily impaired | $ | 25,173 |  | $ | 28,743
Unrealized loss on securities available-for-sale which are other-than-temporarily impaired |  | (338) |  |  | -
Income tax effect of unrealized gain on securities available-for-sale |  | (2,349) |  |  | (2,978)
Net unrealized gain on securities available-for-sale which are not other-than-temporarily impaired |  | 22,486 |  |  | 25,765
Unrealized loss on cash flow hedges |  | (6,395) |  |  | (8,585)
Income tax effect of unrealized loss on cash flow hedges |  | 2,065 |  |  | 2,531
Net unrealized loss on cash flow hedges |  | (4,330) |  |  | (6,054)
Accumulated other comprehensive income, net of taxes | $ | 18,156 |  | $ | 19,711
The following table presents changes in accumulated other comprehensive income by component, net of taxes, for the quarters and nine-month periods ended September 30, 2015 and 2014
| Quarter Ended September 30,
| 2015 |  | 2014
| Net unrealized |  | Net unrealized |  | Accumulated |  | Net unrealized |  | Net unrealized |  | Accumulated
| gains on |  | loss on |  | other |  | gains on |  | loss on |  | other
| securities |  | cash flow |  | comprehensive |  | securities |  | cash flow |  | comprehensive
| available-for-sale |  | hedges |  | income |  | available-for-sale |  | hedges |  | income
| (In thousands)
Beginning balance | $ | 18,832 |  | $ | (4,531) |  | $ | 14,301 |  | $ | 29,759 |  | $ | (8,004) |  | $ | 21,755
Other comprehensive income (loss) before reclassifications |  | 3,175 |  |  | (1,346) |  |  | 1,829 |  |  | (9,452) |  |  | (559) |  |  | (10,011)
Other-than-temporary impairment amount reclassified from accumulated other comprehensive income |  | 584 |  |  | - |  |  | 584 |  |  | - |  |  | - |  |  | -
Amounts reclassified out of accumulated other comprehensive income (loss) |  | (105) |  |  | 1,547 |  |  | 1,442 |  |  | 11 |  |  | 1,656 |  |  | 1,667
Other comprehensive income |  | 3,654 |  |  | 201 |  |  | 3,855 |  |  | (9,441) |  |  | 1,097 |  |  | (8,344)
Ending balance | $ | 22,486 |  | $ | (4,330) |  | $ | 18,156 |  | $ | 20,318 |  | $ | (6,907) |  | $ | 13,411
| Nine-Month Period Ended September 30,
| 2015 |  | 2014
| Net unrealized |  | Net unrealized |  | Accumulated |  | Net unrealized |  | Net unrealized |  | Accumulated
| gains on |  | loss on |  | other |  | gains on |  | loss on |  | other
| securities |  | cash flow |  | comprehensive |  | securities |  | cash flow |  | comprehensive
| available-for-sale |  | hedges |  | income |  | available-for-sale |  | hedges |  | income
| (In thousands)
Beginning balance | $ | 25,765 |  | $ | (6,054) |  | $ | 19,711 |  | $ | 11,433 |  | $ | (8,242) |  | $ | 3,191
Other comprehensive income before reclassifications |  | (4,037) |  |  | (2,894) |  |  | (6,931) |  |  | 8,727 |  |  | (3,584) |  |  | 5,143
Other-than-temporary impairment amount reclassified from accumulated other comprehensive income |  | 584 |  |  | - |  |  | 584 |  |  | - |  |  | - |  |  | -
Amounts reclassified out of accumulated other comprehensive income |  | 174 |  |  | 4,618 |  |  | 4,792 |  |  | 158 |  |  | 4,919 |  |  | 5,077
Other comprehensive income (loss) |  | (3,279) |  |  | 1,724 |  |  | (1,555) |  |  | 8,885 |  |  | 1,335 |  |  | 10,220
Ending balance | $ | 22,486 |  | $ | (4,330) |  | $ | 18,156 |  |  | 20,318 |  | $ | (6,907) |  | $ | 13,411
The following table presents reclassifications out of accumulated other comprehensive income for the quarters and nine-month periods ended September 30, 2015 and 2014:
| Amount reclassified out of accumulated |  |
| other comprehensive income |  |
|  |  |  |  |  |  | Affected Line Item in
| Quarter Ended September 30, |  | Consolidated Statement
|  | 2015 |  |  | 2014 |  | of Operations
| (In thousands) |  |
Cash flow hedges: |  |  |  |  |  |  |
Interest-rate contracts | $ | 1,622 |  | $ | 1,656 |  | Net interest expense
Tax effect from increase in capital gains tax rate |  | (75) |  |  | - |  | Income tax expense
Available-for-sale securities: |  |  |  |  |  |  |
Other-than-temporary impairment losses on investment securities |  | (246) |  |  | - |  | Net impairment losses recognized in earnings
Residual tax effect from OIB's change in applicable tax rate |  | 11 |  |  | 11 |  | Income tax expense
Tax effect from increase in capital gains tax rate |  | 130 |  |  | - |  | Income tax expense
| $ | 1,442 |  | $ | 1,667 |  |
| Amount reclassified out of accumulated |  |
| other comprehensive income |  |
|  |  |  |  |  |  | Affected Line Item in
| Nine-Month Period Ended September 30, |  | Consolidated Statement
|  | 2015 |  |  | 2014 |  | of Operations
| (In thousands) |  |
Cash flow hedges: |  |  |  |  |  |  |
Interest-rate contracts | $ | 4,842 |  | $ | 4,919 |  | Net interest expense
Tax effect from increase in capital gains tax rate |  | (224) |  |  | - |  | Income tax expense
Available-for-sale securities: |  |  |  |  |  |  |
Other-than-temporary impairment losses on investment securities |  | (246) |  |  | - |  | Net impairment losses recognized in earnings
Residual tax effect from OIB's change in applicable tax rate |  | 33 |  |  | 158 |  | Income tax expense
Tax effect from increase in capital gains tax rate |  | 387 |  |  | - |  | Income tax expense
| $ | 4,792 |  | $ | 5,077 |  |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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