XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Accumulated Other Comprehensive Income | 9 Months Ended
--- | ---
Sep. 30, 2016
Disclosure Text Block Abstract |
Comprehensive Income Note Text Block | NOTE 16 - ACCUMULATED OTHER COMPREHENSIVE INCOME Accumulated other comprehensive income, net of income tax, as of September 30, 2016 and December 31, 2015 consisted of:
| September 30, |  | December 31,
| 2016 |  | 2015
| (In thousands)
Unrealized gain on securities available-for-sale which are not other-than-temporarily impaired | $ | 18,689 |  | $ | 22,044
Unrealized gain on securities available-for-sale which are other-than-temporarily impaired |  | - |  |  | (3,196)
Income tax effect of unrealized gain on securities available-for-sale |  | (1,136) |  |  | (1,924)
Net unrealized gain on securities available-for-sale which are not other-than-temporarily impaired, net of tax |  | 17,553 |  |  | 16,924
Unrealized loss on cash flow hedges |  | (2,803) |  |  | (4,307)
Income tax effect of unrealized loss on cash flow hedges |  | 1,094 |  |  | 1,380
Net unrealized loss on cash flow hedges |  | (1,709) |  |  | (2,927)
Accumulated other comprehensive income, net of taxes | $ | 15,844 |  | $ | 13,997
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, 2016 and 2015:
| Quarter Ended September 30,
| 2016 |  |  | 2015 |
| 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 | $ | 18,085 |  | $ | (2,280) |  | $ | 15,805 |  |  | $ | 18,832 |  | $ | (4,531) |  | $ | 14,301 |
Other comprehensive income (loss) before reclassifications |  | (469) |  |  | (144) |  |  | (613) |  |  |  | 3,175 |  |  | (1,346) |  |  | 1,829 |
Other-than-temporary impairment amount reclassified from accumulated other comprehensive income |  | - |  |  | - |  |  | - |  |  |  | 584 |  |  | - |  |  | 584 |
Amounts reclassified out of accumulated other comprehensive (loss) income |  | (63) |  |  | 715 |  |  | 652 |  |  |  | (105) |  |  | 1,547 |  |  | 1,442 |
Other comprehensive income (loss) |  | (532) |  |  | 571 |  |  | 39 |  |  |  | 3,654 |  |  | 201 |  |  | 3,855 |
Ending balance | $ | 17,553 |  | $ | (1,709) |  | $ | 15,844 |  |  | $ | 22,486 |  | $ | (4,330) |  | $ | 18,156 |
| Nine-Month Period Ended September 30,
| 2016 |  |  | 2015 |
| 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 | $ | 16,924 |  | $ | (2,927) |  | $ | 13,997 |  |  | $ | 25,765 |  | $ | (6,054) |  | $ | 19,711 |
Other comprehensive (loss) before reclassifications |  | (1,732) |  |  | (2,550) |  |  | (4,282) |  |  |  | (4,037) |  |  | (2,894) |  |  | (6,931) |
Other-than-temporary impairment amount reclassified from accumulated other comprehensive income |  | 2,557 |  |  | - |  |  | 2,557 |  |  |  | 584 |  |  | - |  |  | 584 |
Amounts reclassified out of accumulated other comprehensive income (loss) |  | (196) |  |  | 3,768 |  |  | 3,572 |  |  |  | 174 |  |  | 4,618 |  |  | 4,792 |
Other comprehensive income (loss) |  | 629 |  |  | 1,218 |  |  | 1,847 |  |  |  | (3,279) |  |  | 1,724 |  |  | (1,555) |
Ending balance | $ | 17,553 |  | $ | (1,709) |  | $ | 15,844 |  |  | $ | 22,486 |  | $ | (4,330) |  | $ | 18,156 |
The following table presents reclassifications out of accumulated other comprehensive income for the quarters and nine-month periods ended September 30, 2016 and 2015:
| Amount reclassified out of accumulated |  |
| other comprehensive income |  | Affected Line Item in
| Quarter Ended September 30, |  | Consolidated Statement
|  | 2016 |  |  | 2015 |  |  | of Operations
| (In thousands) |  |  |
Cash flow hedges: |  |  |  |  |  |  |  |
Interest-rate contracts | $ | 664 |  | $ | 1,622 |  |  | Net interest expense
Tax effect from increase in capital gains tax rate |  | 51 |  |  | (75) |  |  | Income tax expense
Available-for-sale securities: |  |  |  |  |  |  |  |
Residual tax effect from OIB's change in applicable tax rate |  | 9 |  |  | 11 |  |  | Income tax expense
Other-than-temporary impairment losses on available for sale securities realized during the period |  | - |  |  | (246) |  |  | Net impairment losses recognized in earnings
Tax effect from increase in capital gains tax rate |  | (72) |  |  | 130 |  |  | Income tax expense
| $ | 652 |  | $ | 1,442 |  |  |
| Amount reclassified out of accumulated |  |
| other comprehensive income |  | Affected Line Item in
| Nine-Month Period Ended September 30, |  | Consolidated Statement
|  | 2016 |  |  | 2015 |  |  | of Operations
| (In thousands) |  |  |
Cash flow hedges: |  |  |  |  |  |  |  |
Interest-rate contracts | $ | 3,468 |  | $ | 4,842 |  |  | Net interest expense
Tax effect from increase in capital gains tax rate |  | 300 |  |  | (224) |  |  | Income tax expense
Available-for-sale securities: |  |  |  |  |  |  |  |
Residual tax effect from OIB's change in applicable tax rate |  | 24 |  |  | 33 |  |  | Income tax expense
Other-than-temporary impairment losses on available for sale securities |  | - |  |  | (246) |  |  | Net impairment losses recognized in earnings
Tax effect from increase in capital gains tax rate |  | (220) |  |  | 387 |  |  | Income tax expense
| $ | 3,572 |  | $ | 4,792 |  |  |

X
- 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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration