XML 28 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME
6 Months Ended
Jun. 30, 2018
Stockholders Equity Note [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME

10.  ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME

The following is a summary of the accumulated other comprehensive income/(loss) balances, net of tax, for the three months ended June 30, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

Amount

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassified

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

From

 

 

Income/(Loss)

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive

 

 

Accumulated

 

 

Three Months

 

 

 

 

 

 

 

Balance at

 

 

 

Income/(Loss)

 

 

Other

 

 

Ended

 

 

Balance at

 

 

 

April 1,

 

 

 

Before

 

 

Comprehensive

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2018

 

 

 

Reclassifications

 

 

Income/(Loss)

 

 

2018

 

 

2018

 

Net unrealized holding loss on securities

   available for sale, net of tax

 

$

(4,345

)

 

 

$

(494

)

 

$

 

 

$

(494

)

 

$

(4,839

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain/(loss) on cash flow hedges

 

 

1,503

 

 

 

 

605

 

 

 

(23

)

 

 

582

 

 

 

2,085

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive

   loss, net of tax

 

$

(2,842

)

 

 

$

111

 

 

$

(23

)

 

$

88

 

 

$

(2,754

)

 

 

 

 

 

 

 

 

 

 

 

Amount

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassified

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

From

 

 

Income/(Loss)

 

 

 

 

 

 

 

 

 

 

 

Comprehensive

 

 

Accumulated

 

 

Three Months

 

 

 

 

 

 

 

Balance at

 

 

Income/(Loss)

 

 

Other

 

 

Ended

 

 

Balance at

 

 

 

April 1,

 

 

Before

 

 

Comprehensive

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2017

 

 

Reclassifications

 

 

Income/(Loss)

 

 

2017

 

 

2017

 

Net unrealized holding gain/(loss) on

   securities available for sale, net of tax

 

$

(694

)

 

$

122

 

 

$

 

 

$

122

 

 

$

(572

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain/(loss) on cash flow hedges

 

 

72

 

 

 

(38

)

 

 

 

 

 

(38

)

 

 

34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss, net of tax

 

$

(622

)

 

$

84

 

 

$

 

 

$

84

 

 

$

(538

)

 

The following represents the reclassifications out of accumulated other comprehensive income for the three months ended June 30, 2018 and 2017:

 

 

 

Three Months Ended

 

 

 

 

 

June 30,

 

 

 

(In thousands)

 

2018

 

 

2017

 

 

Affected Line Item in Income

Unrealized gains on cash flow hedge

   derivatives:

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments for amounts

   included in net income

 

$

(31

)

 

$

 

 

Interest expense

Income tax expense

 

 

8

 

 

 

 

 

Income tax expense

Total reclassifications, net of tax

 

$

(23

)

 

$

 

 

 

 

The following is a summary of the accumulated other comprehensive (loss)/income balances, net of tax, for the six months ended June 30, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassified

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

Cumulative

 

 

Other

 

 

From

 

 

Income/(Loss)

 

 

 

 

 

 

 

 

 

 

 

Adjustment

 

 

Comprehensive

 

 

Accumulated

 

 

Six Months

 

 

 

 

 

 

 

Balance at

 

 

For Equity

 

 

Income/(Loss)

 

 

Other

 

 

Ended

 

 

Balance at

 

 

 

January 1,

 

 

Security

 

 

Before

 

 

Comprehensive

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2018

 

 

(ASU 2016-1)

 

 

Reclassifications

 

 

Income/(Loss)

 

 

2018

 

 

2018

 

Net unrealized holding loss on securities

   available for sale, net of tax

 

$

(2,214

)

 

$

127

 

 

$

(2,752

)

 

$

 

 

$

(2,752

)

 

$

(4,839

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain/(loss) on cash flow hedges

 

 

1,002

 

 

 

 

 

 

1,128

 

 

 

(45

)

 

 

1,083

 

 

 

2,085

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive

   loss, net of tax

 

$

(1,212

)

 

$

127

 

 

$

(1,624

)

 

$

(45

)

 

$

(1,669

)

 

$

(2,754

)

 

 

 

 

 

 

 

 

 

 

 

Amount

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassified

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

From

 

 

Income/(Loss)

 

 

 

 

 

 

 

 

 

 

 

Comprehensive

 

 

Accumulated

 

 

Six Months

 

 

 

 

 

 

 

Balance at

 

 

Income/(Loss)

 

 

Other

 

 

Ended

 

 

Balance at

 

 

 

January 1,

 

 

Before

 

 

Comprehensive

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2017

 

 

Reclassifications

 

 

Income/(Loss)

 

 

2017

 

 

2017

 

Net unrealized holding gain/(loss) on

   securities available for sale, net of tax

 

$

(1,091

)

 

$

519

 

 

$

 

 

$

519

 

 

$

(572

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain/(loss) on cash flow hedges

 

 

(440

)

 

 

474

 

 

 

 

 

 

474

 

 

 

34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive

   loss, net of tax

 

$

(1,531

)

 

$

993

 

 

$

 

 

$

993

 

 

$

(538

)

 

The following represents the reclassifications out of accumulated other comprehensive income for the six months ended June 30, 2018 and 2017:

 

 

 

Six Months

 

 

 

 

 

June 30,

 

 

 

(In thousands)

 

2018

 

 

2017

 

 

Affected Line Item in Income

Unrealized gains on cash flow hedge

   derivatives:

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for amounts

   included in net income

 

$

(62

)

 

$

 

 

Interest expense

Income tax expense

 

 

17

 

 

 

 

 

Income tax expense

Total reclassifications, net of tax

 

$

(45

)

 

$