XML 33 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2017
Disclosure Text Block Abstract  
Comprehensive Income Note Text Block

NOTE 15 - ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income, net of income taxes, as of June 30, 2017 and December 31, 2016 consisted of:

June 30,December 31,
20172016
(In thousands)
Unrealized gain on securities available-for-sale which are not other-than-temporarily impaired$47 $ 1,617
Income tax effect of unrealized gain on securities available-for-sale209592
Net unrealized gain on securities available-for-sale which are not other-than-temporarily impaired2562,209
Unrealized loss on cash flow hedges(923)(1,004)
Income tax effect of unrealized loss on cash flow hedges360391
Net unrealized loss on cash flow hedges(563)(613)
Accumulated other comprehensive (loss) income, net of income taxes$(307) $ 1,596

The following table presents changes in accumulated other comprehensive income by component, net of taxes, for the quarters and six-month periods ended June 30, 2017 and 2016:

Quarter Ended June 30,
20172016
Net unrealizedNet unrealizedAccumulatedNet unrealizedNet unrealizedAccumulated
gains onloss onothergains onloss onother
securitiescash flowcomprehensivesecuritiescash flowcomprehensive
available-for-salehedges(loss) incomeavailable-for-salehedgesincome
(In thousands)
Beginning balance$3,850$(502)$3,348$15,089$(2,805)$12,284
Other comprehensive loss before reclassifications(3,618)(189)(3,807)3,060(949)2,111
Amounts reclassified out of accumulated other comprehensive income (loss)24128152(64)1,4741,410
Other comprehensive income (loss)(3,594)(61)(3,655)2,9965253,521
Ending balance$256$(563)$(307)$18,085$(2,280)$15,805
Six-Month Period Ended June 30,
20172016
Net unrealizedNet unrealizedAccumulatedNet unrealizedNet unrealizedAccumulated
gains onloss onothergains onloss onother
securitiescash flowcomprehensivesecuritiescash flowcomprehensive
available-for-salehedges(loss) incomeavailable-for-salehedgesincome
(In thousands)
Beginning balance$2,209(613)1,59616,924(2,927)13,997
Other comprehensive income (loss) before reclassifications(1,911)(227)(2,138)(1,266)(2,406)(3,672)
Amounts reclassified out of accumulated other comprehensive income (loss)(42)2772352,4273,0535,480
Other comprehensive income (loss)(1,953)50(1,903)1,1616471,808
Ending balance$256$(563)$(307)$18,085$(2,280)$15,805

The following table presents reclassifications out of accumulated other comprehensive income for the quarters and six-month periods ended June 30, 2017 and 2016:

Amount reclassified out of accumulated other
comprehensive (loss) incomeAffected Line Item in
Quarter Ended June 30,Consolidated Statement
20172016 of Operations
(In thousands)
Cash flow hedges:
Interest-rate contracts$128$1,354Net interest expense
Tax effect from increase in capital gains tax rate-120 Income tax expense
Available-for-sale securities:
Residual tax effect from OIB's change in applicable tax rate958 Income tax expense
Tax effect from increase in capital gains tax rate(71)(72)Income tax expense
$152$1,410
Amount reclassified out of accumulated other
comprehensive (loss) incomeAffected Line Item in
Six-Month Period Ended June 30,Consolidated Statement
20172016 of Operations
(In thousands)
Cash flow hedges:
Interest-rate contracts$277$2,804Net interest expense
Tax effect from increase in capital gains tax rate-249 Income tax expense
Available-for-sale securities:
Other-than-temporary impairment losses on investment securities-2,557 Net impairment losses recognized in earnings
Residual tax effect from OIB's change in applicable tax rate10316Income tax expense
Tax effect from increase in capital gains tax rate(145)(146) Income tax expense
$235$5,480