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Note 11 - Other Comprehensive Income
 3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
 
Note
11.
 
Other Comprehensive Income
 
The following table presents the components of other comprehensive (loss) income for the three months ended March 31, 2016 and 2015.
 
(dollars in thousands)
 
Before Tax
 
 
Tax Effect
 
 
Net of Tax
 
                         
Three Months Ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gain on securities available-for-sale
  $ 5,963     $ 2,385     $ 3,578  
Net unrealized loss on derivatives
     (7,403 )     (2,961 )     (4,442 )
Less: Reclassification adjustment for net gains included in net income
     (624 )     (250 )     (374 )
Other Comprehensive Loss
   $ (2,064 )   $ (826 )   $ (1,238 )
                         
Three Months Ended March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gain on securities available-for-sale
  $ 3,218     $ 1,287     $ 1,931  
Less: Reclassification adjustment for net gains included in net income
     (2,164 )     (866 )     (1,298 )
Other Comprehensive Income
  $ 1,054     $ 421     $ 633  
 
The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2016 and 2015.
 
(dollars in thousands)
 
Securities
Available For Sale
 
 
Derivatives
 
 
Accumulated Other
Comprehensive (Loss) Income
 
                         
Three Months Ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
   $ 1,041     $ (850 )   $ 191  
Other comprehensive income (loss) before reclassifications
     3,578       (4,442 )     (864 )
Amounts reclassified from accumulated other comprehensive income
    (374 )     -       (374 )
Net other comprehensive income (loss) during period
     3,204       (4,442 )     (1,238 )
Balance at End of Period
   $ 4,245     $ (5,292 )   $ (1,047 )
                         
Three Months Ended March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
   $ 2,647     $ -     $ 2,647  
Other comprehensive income before reclassifications
     1,931       -       1,931  
Amounts reclassified from accumulated other comprehensive income
    (1,298 )     -       (1,298 )
Net other comprehensive income during period
     633       -       633  
Balance at End of Period
   $ 3,280     $ -     $ 3,280  
 
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and 2015.
 
 
 
Amount Reclassified from
 
  
Affected Line Item in
Details about Accumulated Other
 
Accumulated Other
 
  
the Statement Where
Comprehensive Income Components (dollars in thousands)
 
Comprehensive (Loss) Income
 
  
Net Income is Presented
 
 
Three Months Ended March 31,
 
  
 
 
 
2016
 
 
2015
 
  
 
Realized gain on sale of investment securities
   $ 624     $ 2,164    
Gain on sale of investment securities
      (250 )     (866 )  
Tax Expense
Total Reclassifications for the Period
  $ 374     $ 1,298    
Net of Tax