Note 8 - Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2013

Accumulated Other Comprehensive Income Loss [Abstract]

Accumulated Other Comprehensive Income Loss [Text Block]

8.     ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The tax effects allocated to each component of other comprehensive (loss) income were as follows (in thousands):

	Three months ended September 30, 2013									Three months ended September 30, 2012
	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount			Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Change in accumulated gain (loss) on effective cash flow hedging derivative	$	87		$	31		$	56		$	12		$	4		$	8
Unrealized loss on investment securities with OTTI:
Securities with OTTI charges during the period		(36	)		(13	)		(23	)		(14	)		(5	)		(9	)
Less: OTTI charges recognized in net income		(9	)		(2	)		(7	)		(7	)		(3	)		(4	)
Net unrealized losses on investment securities with OTTI		(27	)		(11	)		(16	)		(7	)		(2	)		(5	)
Unrealized (losses) gain on investment securities:
Unrealized holding (loss) gain arising during the period		(914	)		(320	)		(594	)		974			351			623
Less: reclassification adjustment for (loss) gain included in net income		(4	)		(1	)		(3	)		24			9			15
Net unrealized (losses) gains on investment securities		(910	)		(319	)		(591	)		950			342			608
Other comprehensive (loss) income	$	(850	)	$	(299	)	$	(551	)	$	955		$	344		$	611

	Nine months ended September 30, 2013									Nine months ended September 30, 2012
	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount			Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Change in accumulated gain on effective cash flow hedging derivative	$	448		$	161		$	287		$	65		$	23		$	42
Unrealized loss on investment securities with OTTI:
Securities with OTTI charges during the period		(129	)		(47	)		(82	)		(101	)		(36	)		(65	)
Less: OTTI charges recognized in net income		(75	)		(27	)		(48	)		(84	)		(30	)		(54	)
Net unrealized losses on investment securities with OTTI		(54	)		(20	)		(34	)		(17	)		(6	)		(11	)
Unrealized (losses) gains on investment securities:
Unrealized holding (loss) gain arising during the period		(8,241	)		(2,976	)		(5,265	)		1,761			635			1,126
Less: reclassification adjustment for gains included in net income		33			12			21			108			39			69
Net unrealized (losses) gains on investment securities		(8,274	)		(2,988	)		(5,286	)		1,653			596			1,057
Other comprehensive (loss) income	$	(7,880	)	$	(2,847	)	$	(5,033	)	$	1,701		$	613		$	1,088

The balance of and changes in each component of accumulated other comprehensive loss as of and for the nine months ended September 30, 2013 are as follows (net of taxes) (in thousands):

	Gains (Losses) on Effective Cash Hedging Derivatives			Net Unrealized Gains (Losses) on Investments with OTTI			Net Unrealized Investment Gains (Losses)			Total Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) December 31, 2012	$	(1,136	)	$	(1,017	)	$	2,720		$	567
Other comprehensive income (losses) before reclassifications		287			(34	)		(5,265	)		(5,012	)
Amounts reclassified from other comprehensive income (loss) (1)		—			—			(21	)		(21	)
Net current-period other comprehensive income (loss)		287			(34	)		(5,286	)		(5,033	)
Accumulated other comprehensive loss September 30, 2013	$	(849	)	$	(1,051	)	$	(2,566	)	$	(4,466	)

(1) Amounts reclassified from other comprehensive income were transferred to gain (loss) on securities, net.