Schedule of accumulated other comprehensive income balances, net of tax |
The following is a summary of the accumulated
other comprehensive (loss)/income balances, net of tax, for the three months ended September 30, 2017 and 2016:
| |
| | |
| | |
Amount | | |
Other | | |
| |
| |
| | |
| | |
Reclassified | | |
Comprehensive | | |
| |
| |
| | |
Other | | |
From | | |
Income | | |
| |
| |
| | |
Comprehensive | | |
Accumulated | | |
Three Months | | |
| |
| |
Balance at | | |
Income | | |
Other | | |
Ended | | |
Balance at | |
| |
July 1, | | |
Before | | |
Comprehensive | | |
September 30, | | |
September 30, | |
(In thousands) | |
2017 | | |
Reclassifications | | |
Income | | |
2017 | | |
2017 | |
| |
| | |
| | |
| | |
| | |
| |
Net unrealized holding (loss) | |
| | | |
| | | |
| | | |
| | | |
| | |
on securities available for sale, | |
| | | |
| | | |
| | | |
| | | |
| | |
net of tax | |
$ | (572 | ) | |
$ | 62 | | |
$ | — | | |
$ | 62 | | |
$ | (510 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Gains on cash flow hedges | |
| 34 | | |
| 131 | | |
| — | | |
| 131 | | |
| 165 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Accumulated other | |
| | | |
| | | |
| | | |
| | | |
| | |
comprehensive loss, | |
| | | |
| | | |
| | | |
| | | |
| | |
net of tax | |
$ | (538 | ) | |
$ | 193 | | |
$ | — | | |
$ | 193 | | |
$ | (345 | ) |
| |
| | |
| | |
Amount | | |
Other | | |
| |
| |
| | |
| | |
Reclassified | | |
Comprehensive | | |
| |
| |
| | |
Other | | |
From | | |
Income/(Loss) | | |
| |
| |
| | |
Comprehensive | | |
Accumulated | | |
Three Months | | |
| |
| |
Balance at | | |
Income/(Loss) | | |
Other | | |
Ended | | |
Balance at | |
| |
July 1, | | |
Before | | |
Comprehensive | | |
September 30, | | |
September 30, | |
(In thousands) | |
2016 | | |
Reclassifications | | |
Loss | | |
2016 | | |
2016 | |
| |
| | |
| | |
| | |
| | |
| |
Net unrealized holding gain | |
| | | |
| | | |
| | | |
| | | |
| | |
on securities available for sale, | |
| | | |
| | | |
| | | |
| | | |
| | |
net of tax | |
$ | 1,224 | | |
$ | (215 | ) | |
$ | — | | |
$ | (215 | ) | |
$ | 1,009 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Losses on cash flow hedges | |
| (3,727 | ) | |
| 941 | | |
| — | | |
| 941 | | |
| (2,786 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Accumulated other | |
| | | |
| | | |
| | | |
| | | |
| | |
comprehensive loss, | |
| | | |
| | | |
| | | |
| | | |
| | |
net of tax | |
$ | (2,503 | ) | |
$ | 726 | | |
$ | — | | |
$ | 726 | | |
$ | (1,777 | ) |
The following represents the reclassifications
out of accumulated other comprehensive income for the three months ended September 30, 2017 and 2016:
| |
Three Months Ended | | |
| | | |
|
| |
September 30, | | |
| | | |
|
(In thousands) | |
2017 | | |
2016 | | |
Affected Line Item in Income |
Unrealized gains on | |
| | | |
| | | |
|
securities available for sale: | |
| | | |
| | | |
|
Realized net gain on securities sales | |
$ | — | | |
$ | — | | |
Securities gains, net |
Income tax expense | |
| — | | |
| — | | |
Income tax expense |
Total reclassifications, net of tax | |
$ | — | | |
$ | — | | |
|
The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the nine months ended
September 30, 2017 and 2016:
| |
| | |
| | |
Amount | | |
Other | | |
| |
| |
| | |
| | |
Reclassified | | |
Comprehensive | | |
| |
| |
| | |
Other | | |
From | | |
Income | | |
| |
| |
| | |
Comprehensive | | |
Accumulated | | |
Nine Months | | |
| |
| |
Balance at | | |
Income | | |
Other | | |
Ended | | |
Balance at | |
| |
January 1, | | |
Before | | |
Comprehensive | | |
September 30, | | |
September 30, | |
(In thousands) | |
2017 | | |
Reclassifications | | |
Income | | |
2017 | | |
2017 | |
| |
| | |
| | |
| | |
| | |
| |
Net unrealized holding (loss) | |
| | | |
| | | |
| | | |
| | | |
| | |
on securities available for sale, | |
| | | |
| | | |
| | | |
| | | |
| | |
net of tax | |
$ | (1,091 | ) | |
$ | 581 | | |
$ | — | | |
$ | 581 | | |
$ | (510 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Gains on cash flow hedges | |
| (440 | ) | |
| 605 | | |
| — | | |
| 605 | | |
| 165 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Accumulated other | |
| | | |
| | | |
| | | |
| | | |
| | |
comprehensive loss, | |
| | | |
| | | |
| | | |
| | | |
| | |
net of tax | |
$ | (1,531 | ) | |
$ | 1,186 | | |
$ | — | | |
$ | 1,186 | | |
$ | (345 | ) |
| |
| | |
| | |
Amount | | |
Other | | |
| |
| |
| | |
| | |
Reclassified | | |
Comprehensive | | |
| |
| |
| | |
Other | | |
From | | |
Income/(Loss) | | |
| |
| |
| | |
Comprehensive | | |
Accumulated | | |
Nine Months | | |
| |
| |
Balance at | | |
Income/(Loss) | | |
Other | | |
Ended | | |
Balance at | |
| |
January 1, | | |
Before | | |
Comprehensive | | |
September 30, | | |
September 30, | |
(In thousands) | |
2016 | | |
Reclassifications | | |
Loss | | |
2016 | | |
2016 | |
| |
| | |
| | |
| | |
| | |
| |
Net unrealized holding gain | |
| | | |
| | | |
| | | |
| | | |
| | |
on securities available for sale, | |
| | | |
| | | |
| | | |
| | | |
| | |
net of tax | |
$ | 408 | | |
$ | 676 | | |
$ | (75 | ) | |
$ | 601 | | |
$ | 1,009 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Losses on cash flow hedges | |
| (787 | ) | |
| (1,999 | ) | |
| — | | |
| (1,999 | ) | |
| (2,786 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Accumulated other | |
| | | |
| | | |
| | | |
| | | |
| | |
comprehensive loss, | |
| | | |
| | | |
| | | |
| | | |
| | |
net of tax | |
$ | (379 | ) | |
$ | (1,323 | ) | |
$ | (75 | ) | |
$ | (1,398 | ) | |
$ | (1,777 | ) |
|