Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure Text Block Abstract

Schedule of Accumulated Other Comprehensive Income (Loss)

	September 30,		December 31,
	2014		2013
	(In thousands)
Unrealized gain on securities available-for-sale which are not other-than-temporarily impaired	$	23,995	$	13,267
Income tax effect of unrealized gain on securities available-for-sale		(3,677)		(1,834)
Net unrealized gain on securities available-for-sale which are not other-than-temporarily impaired		20,318		11,433
Unrealized loss on cash flow hedges		(8,717)		(10,907)
Income tax effect of unrealized loss on cash flow hedges		1,810		2,665
Net unrealized loss on cash flow hedges		(6,907)		(8,242)
Accumulated other comprehensive income, net of taxes	$	13,411	$	3,191

	Quarter Ended September 30,
	2014						2013
	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	$	29,759	$	(8,004)	$	21,755	$	25,400	$	(9,634)	$	15,766
Other comprehensive income (loss) before reclassifications		(9,452)		(559)		(10,011)		(5,113)		(1,509)		(6,622)
Amounts reclassified out of accumulated other comprehensive income		11		1,656		1,667		37		1,651		1,688
Other comprehensive income (loss)		(9,441)		1,097		(8,344)		(5,076)		142		(4,934)
Ending balance	$	20,318	$	(6,907)	$	13,411	$	20,324	$	(9,492)	$	10,832
	Nine-Month Period Ended September 30,
	2014						2013
	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	$	11,433	$	(8,242)	$	3,191	$	68,245	$	(12,365)	$	55,880
Other comprehensive income before reclassifications		8,727		(3,584)		5,143		(48,047)		(1,530)		(49,577)
Amounts reclassified out of accumulated other comprehensive income		158		4,919		5,077		126		4,403		4,529
Other comprehensive income (loss)		8,885		1,335		10,220		(47,921)		2,873		(45,048)
Ending balance	$	20,318	$	(6,907)	$	13,411		20,324	$	(9,492)	$	10,832

Reclassification out of Accumulated Other Comprehensive Income [Table text block]

The following table presents reclassifications out of accumulated other comprehensive income forthe quarters and nine-month periodsended September 30, 2014 and 2013:

	Amount reclassified out of accumulated
	other comprehensive income
		Quarter Ended		Nine-Month Period	Affected Line Item in
		September 30, 2014		Ended September 30, 2014	Consolidated Statement
					of Operations
	(In thousands)
Cash flow hedges:
Interest-rate contracts	$	1,656	$	4,919	Net interest expense
Available-for-sale securities:
Residual tax effect from OIB's change in applicable tax rate		11		158	Income tax expense
	$	1,667	$	5,077
	Amount reclassified out of accumulated
	other comprehensive income
		Quarter Ended		Nine-Month Period	Affected Line Item in
		September 30, 2013		Ended September 30, 2013	Consolidated Statement
					of Operations
	(In thousands)
Cash flow hedges:
Interest-rate contracts	$	1,651	$	4,403	Net interest expense
Available-for-sale securities:
Residual tax effect from OIB's change in applicable tax rate		37		126	Income tax expense
	$	1,688	$	4,529