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ACCUMULATED OTHER COMPREHENSIVE (LOSS)/INCOME
3 Months Ended
Mar. 31, 2019
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 March 31, 2019 and 2018:

 

 

 

 

 

 

 

 

 

 

 

Amount

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassified

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

From

 

 

Income/(Loss)

 

 

 

 

 

 

 

 

 

 

 

Comprehensive

 

 

Accumulated

 

 

Three Months

 

 

 

 

 

 

 

Balance at

 

 

Income/(Loss)

 

 

Other

 

 

Ended

 

 

Balance at

 

 

 

January 1

 

 

Before

 

 

Comprehensive

 

 

March 31,

 

 

March 31,

 

(In thousands)

 

2019

 

 

Reclassifications

 

 

Income/(Loss)

 

 

2019

 

 

2019

 

Net unrealized holding loss on securities

   available for sale, net of tax

 

$

(3,006

)

 

$

1,728

 

 

 

 

 

$

1,728

 

 

$

(1,278

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain/(loss) on cash flow hedges

 

 

661

 

 

 

(1,090

)

 

 

(22

)

 

 

(1,112

)

 

 

(451

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss,

   net of tax

 

$

(2,345

)

 

$

638

 

 

$

(22

)

 

$

616

 

 

$

(1,729

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassified

 

 

Comprehensive

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

From

 

 

Income/(Loss)

 

 

 

 

 

 

 

 

 

 

 

Cumulative

 

 

Comprehensive

 

 

Accumulated

 

 

Three Months

 

 

 

 

 

 

 

Balance at

 

 

Adjustment

 

 

Income/(Loss)

 

 

Other

 

 

Ended

 

 

Balance at

 

 

 

January 1

 

 

for Equity

 

 

Before

 

 

Comprehensive

 

 

March 31,

 

 

March 31,

 

(In thousands)

 

2018

 

 

Security

 

 

Reclassifications

 

 

Income/(Loss)

 

 

2018

 

 

2018

 

Net unrealized holding loss on

   securities available for sale, net of tax

 

$

(2,214

)

 

$

127

 

 

$

(2,258

)

 

$

 

 

$

(2,258

)

 

$

(4,345

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on cash flow hedges

 

 

1,002

 

 

 

 

 

 

525

 

 

 

(24

)

 

 

501

 

 

 

1,503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive

   loss, net of tax

 

$

(1,212

)

 

$

127

 

 

$

(1,733

)

 

$

(24

)

 

$

(1,757

)

 

$

(2,842

)


The following represents the reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2019 and 2018:

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

 

 

(In thousands)

 

2019

 

 

2018

 

 

Affected Line Item in Income Statement

Unrealized gains on cash flow hedge

   derivatives:

 

 

 

 

 

 

 

 

 

 

Reclassification adjustment for amounts

   included in net income

 

$

(31

)

 

$

(31

)

 

Interest expense

Income tax expense

 

 

9

 

 

 

7

 

 

Income tax expense

Total reclassifications, net of tax

 

$

(22

)

 

$

(24

)