Note 10 - Other Comprehensive Income

9 Months Ended

Sep. 30, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Note 10.  Other Comprehensive Income

The following table presents the components of other comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014.

(dollars in thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended September 30, 2015
Net unrealized gain on securities available-for-sale	$	3,512		$	1,405		$	2,107
Net unrealized loss on derivatives		(6,627	)		(2,651	)		(3,976	)
Less: Reclassification adjustment for net gains included in net income		(60	)		(24	)		(36	)
Other Comprehensive Loss	$	(3,175	)	$	(1,270	)	$	(1,905	)
Three Months Ended September 30, 2014
Net unrealized loss on securities available-for-sale	$	(543	)	$	(217	)	$	(326	)
Less: Reclassification adjustment for net gains included in net income		-			-			-
Other Comprehensive Loss	$	(543	)	$	(217	)	$	(326	)
Nine Months Ended September 30, 2015
Net unrealized gain on securities available-for-sale	$	3,325		$	1,330		$	1,995
Net unrealized loss on derivatives		(3,445	)		(1,378	)		(2,067	)
Less: Reclassification adjustment for net gains included in net income		(2,224	)		(890	)		(1,334	)
Other Comprehensive Loss	$	(2,344	)	$	(938	)	$	(1,406	)
Nine Months Ended September 30, 2014
Net unrealized gain on securities available-for-sale	$	8,062		$	3,225		$	4,837
Less: Reclassification adjustment for net gains included in net income		(10	)		(4	)		(6	)
Other Comprehensive Income	$	8,052		$	3,221		$	4,831

The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2015 and 2014.

	Securities						Accumulated Other
(dollars in thousands)	Available For Sale			Derivatives			Comprehensive (Loss) Income
Three Months Ended September 30, 2015
Balance at Beginning of Period	$	3,146		$	-		$	3,146
Other comprehensive income (loss) before reclassifications		2,107			(3,976	)		(1,869	)
Amounts reclassified from accumulated other comprehensive income		(36	)		-			(36	)
Net other comprehensive income (loss) during period		2,071			(3,976	)		(1,905	)
Balance at End of Period	$	5,217		$	(3,976	)	$	1,241
Three Months Ended September 30, 2014
Balance at Beginning of Period	$	1,838		$	-		$	1,838
Other comprehensive loss before reclassifications		(326	)		-			(326	)
Amounts reclassified from accumulated other comprehensive income		-			-			-
Net other comprehensive (loss) during period		(326	)		-			(326	)
Balance at End of Period	$	1,512		$	-		$	1,512
Nine Months Ended September 30, 2015
Balance at Beginning of Period	$	2,647		$	-		$	2,647
Other comprehensive income (loss) before reclassifications		1,995			(2,067	)		(72	)
Amounts reclassified from accumulated other comprehensive income		(1,334	)		-			(1,334	)
Net other comprehensive income (loss) during period		661			(2,067	)		(1,406	)
Balance at End of Period	$	3,308		$	(2,067	)	$	1,241
Nine Months Ended September 30, 2014
Balance at Beginning of Period	$	(3,319	)	$	-		$	(3,319	)
Other comprehensive income before reclassifications		4,837			-			4,837
Amounts reclassified from accumulated other comprehensive income		(6	)		-			(6	)
Net other comprehensive income during period		4,831			-			4,831
Balance at End of Period	$	1,512		$	-		$	1,512

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014.

	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 September 30,
	2015			2014
Realized gain on sale of investment securities	$	60		$	-	Gain on sale of investment securities
		(24	)		-	Tax Expense
Total Reclassifications for the Period	$	36		$	-	Net of Tax

	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
	Nine Months Ended September 30,
	2015			2014
Realized gain on sale of investment securities	$	2,224		$	10		Gain on sale of investment securities
		(890	)		(4	)	Tax Expense
Total Reclassifications for the Period	$	1,334		$	6		Net of Tax