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Note 11 - Other Comprehensive Income
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2016 and 2015.
 
(dollars in thousands)
 
Before Tax
 
 
Tax Effect
 
 
Net of Tax
 
                         
Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gain on securities available-for-sale
  $ 2,395     $ 958     $ 1,437  
Less: Reclassification adjustment for net gains included in net income
     (498 )     (199 )     (299 )
Total unrealized gain
     1,897       759       1,138  
                         
Net unrealized loss on derivatives
     (3,100 )     (1,240 )     (1,860 )
Less: Reclassification adjustment for losses included in net income
     742       297       445  
Total unrealized loss
     (2,358 )     (943 )     (1,415 )
                         
Other Comprehensive Loss
   $ (461 )   $ (184 )   $ (277 )
                         
Three Months Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized loss on securities available-for-sale
  $ (3,405 )   $ (1,362 )   $ (2,043 )
Net unrealized gain on derivatives
     3,181       1,272       1,909  
Less: Reclassification adjustment for net gains included in net income
     -       -       -  
Other Comprehensive Loss
   $ (224 )   $ (90 )   $ (134 )
                         
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gain on securities available-for-sale
  $ 8,358     $ 3,343     $ 5,015  
Less: Reclassification adjustment for net gains included in net income
     (1,122 )     (449 )     (673 )
Total unrealized gain
     7,236       2,894       4,342  
                         
Net unrealized loss on derivatives
     (10,503 )     (4,201 )     (6,302 )
Less: Reclassification adjustment for losses included in net income
     742       297       445  
Total unrealized loss
     (9,761 )     (3,904 )     (5,857 )
                         
Other Comprehensive Loss
   $ (2,525 )   $ (1,010 )   $ (1,515 )
Six Months Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized loss on securities available-for-sale
  $ (187 )   $ (75 )   $ (112 )
Net unrealized gain on derivatives
     3,181       1,272       1,909  
Less: Reclassification adjustment for net gains included in net income
     (2,164 )     (866 )     (1,298 )
Other Comprehensive Income
  $ 830     $ 331     $ 499  
 
The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2016 and 2015.
 
 
 
 
 
 
 
 
 
 
Accumulated Other
 
   
Securities
           
Comprehensive
 
(dollars in thousands)
 
Available For Sale
 
 
Derivatives
 
 
(Loss) Income
 
                         
Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
   $ 4,245     $ (5,292 )   $ (1,047 )
Other comprehensive income (loss) before reclassifications
     1,437       (1,860 )     (423 )
Amounts reclassified from accumulated other comprehensive income
    (299 )     445       146  
Net other comprehensive income (loss) during period
     1,138       (1,415 )     (277 )
Balance at End of Period
   $ 5,383     $ (6,707 )   $ (1,324 )
                         
Three Months Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
   $ 3,280     $ -     $ 3,280  
Other comprehensive (loss) income before reclassifications
     (2,043 )     1,909       (134 )
Amounts reclassified from accumulated other comprehensive income
    -       -       -  
Net other comprehensive (loss) income during period
     (2,043 )     1,909       (134 )
Balance at End of Period
   $ 1,237     $ 1,909     $ 3,146  
                         
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
   $ 1,041     $ (850 )   $ 191  
Other comprehensive income (loss) before reclassifications
     5,015       (6,302 )     (1,287 )
Amounts reclassified from accumulated other comprehensive income
    (673 )     445       (228 )
Net other comprehensive income (loss) during period
     4,342       (5,857 )     (1,515 )
Balance at End of Period
   $ 5,383     $ (6,707 )   $ (1,324 )
                         
Six Months Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
   $ 2,647     $ -     $ 2,647  
Other comprehensive (loss) income before reclassifications
     (112 )     1,909       1,797  
Amounts reclassified from accumulated other comprehensive income
    (1,298 )     -       (1,298 )
Net other comprehensive (loss) income during period
     (1,410 )     1,909       499  
Balance at End of Period
   $ 1,237     $ 1,909     $ 3,146  
 
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2016 and 2015.
 
Details about Accumulated Other
Comprehensive Income Components (dollars in thousands)
 
Amount Reclassified from
Accumulated Other
Comprehensive (Loss) Income
 
Affected Line Item in
the Statement Where
Net Income is Presented
 
 
Three Months Ended June 30,
 
 
 
 
2016
 
 
2015
 
 
Realized gain on sale of investment securities
   $ 498     $ -  
Gain on sale of investment securities
Interest expense derivative deposits
     (482 )     -  
Interest expense on deposits
Interest expense derivative borrowings
     (260 )     -  
Interest expense on short-tem borrowings
      98       -  
Tax expense
Total Reclassifications for the Period
  $ (146 )   $ -  
Net Income
 
Details about Accumulated Other
Comprehensive Income Components (dollars in thousands)
 
Amount Reclassified from
Accumulated Other
Comprehensive (Loss) Income
 
Affected Line Item in
the Statement Where
Net Income is Presented
 
 
Six Months Ended June 30,
 
 
 
 
2016
 
 
2015
 
 
Realized gain on sale of investment securities
   $ 1,122     $ 2,164  
Gain on sale of investment securities
Interest expense derivative deposits
     (482 )     -  
Interest expense on deposits
Interest expense derivative borrowings
     (260 )     -  
Interest expense on short-tem borrowings
      (152 )     (866 )
Tax expense
Total Reclassifications for the Period
  $ 228     $ 1,298  
Net Income