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Note 23 - Other Comprehensive Income
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
Note
23
–
Other Comprehensive Income
 
The following table presents the components of other comprehensive income (loss) for the years ended
December
31,
2016,
2015
and
2014.
 
(dollars in thousands)
 
Before Tax
 
 
Tax Effect
 
 
Net of Tax
 
                         
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized loss on securities available-for-sale
  $
(3,800
 )   $
(1,520
 )   $
(2,280
 )
Less: Reclassification adjustment for net gains included in net income
    
(1,194
 )    
(478
 )    
(716
 )
Total unrealized loss
    
(4,994
 )    
(1,998
 )    
(2,996
 )
                         
Net unrealized loss on derivatives
    
(2,947
 )    
(2,018
 )    
(929
 )
Less: Reclassification adjustment for losses included in net income
    
2,255
     
902
     
1,353
 
Total unrealized loss
    
(692
 )    
(1,116
 )    
424
 
                         
Other Comprehensive Loss
   $
(5,686
 )   $
(3,114
 )   $
(2,572
 )
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized loss on securities available-for-sale
  $
(423
 )   $
(169
 )   $
(254
 )
Less: Reclassification adjustment for net gains included in net income
    
(2,254
 )    
(902
 )    
(1,352
 )
Total unrealized loss
    
(2,677
 )    
(1,071
 )    
(1,606
 )
                         
Net unrealized loss on derivatives
    
(1,417
 )    
(567
 )    
(850
 )
Less: Reclassification adjustment for losses included in net income
    
-
     
-
     
-
 
Total unrealized loss
    
(1,417
 )    
(567
 )    
(850
 )
                         
Other Comprehensive Loss
  $
(4,094
 )   $
(1,638
 )   $
(2,456
 )
 
Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gain on securities available-for-sale
  $
9,965
    $
3,986
    $
5,979
 
Less: Reclassification adjustment for net gains included in net income
    
(22
 )    
(9
 )    
(13
 )
Total unrealized gain
    
9,943
     
3,977
     
5,966
 
                         
Other Comprehensive Income
  $
9,943
    $
3,977
    $
5,966
 
 
The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended
December
31,
2016,
2015
and
2014.
 
 
 
 
Securities
 
 
 
 
 
 
Accumulated Other
 
(dollars in thousands)
 
Available For Sale
 
 
Derivatives
 
 
Comprehensive (Loss) Income
 
                         
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
   $
1,041
    $
(850
 )   $
191
 
Other comprehensive income (loss) before reclassifications
    
(2,280
 )    
(934
 )    
(3,214
 )
Amounts reclassified from accumulated other comprehensive income (loss)
    
(716
 )    
1,358
     
642
 
Net other comprehensive income (loss) during period
    
(2,996
 )    
424
     
(2,572
 )
Balance at End of Period
   $
(1,955
 )   $
(426
 )   $
(2,381
 )
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
   $
2,647
    $
-
    $
2,647
 
Other comprehensive income (loss) before reclassifications
    
(254
 )    
(850
 )    
(1,104
 )
Amounts reclassified from accumulated other comprehensive income (loss)
    
(1,352
 )    
-
     
(1,352
 )
Net other comprehensive income (loss) during period
    
(1,606
 )    
(850
 )    
(2,456
 )
Balance at End of Period
   $
1,041
    $
(850
 )   $
191
 
 
Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning of Period
   $
(3,319
 )   $
-
    $
(3,319
 )
Other comprehensive income (loss) before reclassifications
    
5,979
     
-
     
5,979
 
Amounts reclassified from accumulated other comprehensive income (loss)
    
(13
 )    
-
     
(13
 )
Net other comprehensive income (loss) during period
    
5,966
     
-
     
5,966
 
Balance at End of Period
   $
2,647
    $
-
    $
2,647
 
 
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended
December
31,
2016,
2015
and
2014.
 
 
Details about Accumulated Other
 
Amount Reclassified from
 
Affected Line Item in
Comprehensive Income Components
 
Accumulated Other
 
the Statement Where
(dollars in thousands)
 
Comprehensive (Loss) Income
 
Net Income is Presented
 
 
Year Ended December 31,
 
 
 
 
2016
 
 
2015
 
 
2014
 
 
Realized gain on sale of investment securities
   $
1,194
    $
2,254
    $
22
 
Gain on sale of investment securities
Interest expense derivative deposits
    
(1,695
 )    
-
     
-
 
Interest expense on deposits
Interest expense derivative borrowings
    
(569
 )    
-
     
-
 
Interest expense on short-term borrowings
     
428
     
(902
 )    
(9
 )
Tax expense
Total Reclassifications for the Period
  $
(642
 )   $
1,352
    $
13
 
Net Income