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Accumulated Other Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income
The following table summarizes the changes in accumulated other comprehensive loss by component, net of tax, for the periods indicated: 
 
 
Three Months Ended September 30,
 
 
2014
 
2013
 
 
Unrealized holding gains (losses) on AFS
 
Impairment loss on securities
 
Total
 
Unrealized holding gains (losses) on AFS
 
Unrealized gain on cash flow hedge
 
Total
 
 
(in thousands)
Beginning balance
 
$
8,328

 
$
144

 
$
8,472

 
$
(10,780
)
 
$
30

 
$
(10,750
)
Other comprehensive income (loss) before reclassifications
 
1,124

 

 
1,124

 
(4,770
)
 
(30
)
 
(4,800
)
Amounts reclassified from accumulated other comprehensive loss
 
(113
)
 

 
(113
)
 
1,046

 

 
1,046

Net current-period other comprehensive income (loss)
 
1,011

 

 
1,011

 
(3,724
)
 
(30
)
 
(3,754
)
Ending balance
 
$
9,339

 
$
144

 
$
9,483

 
$
(14,504
)
 
$

 
$
(14,504
)
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
 
Unrealized holding gains (losses) on AFS
 
Impairment loss on securities
 
Total
 
Unrealized holding gains (losses) on AFS
 
Unrealized gain on cash flow hedge
 
Total
 
 
(in thousands)
Beginning balance
 
$
(21,690
)
 
$
144

 
$
(21,546
)
 
$
8,209

 
$
17

 
$
8,226

Transfer of HTM securities to AFS
 
8,976

 

 
8,976

 

 

 

Other comprehensive income (loss) before reclassifications
 
22,293

 

 
22,293

 
(23,670
)
 
(17
)
 
(23,687
)
Amounts reclassified from accumulated other comprehensive loss
 
(240
)
 

 
(240
)
 
957

 

 
957

Net current-period other comprehensive income (loss)
 
31,029

 

 
31,029

 
(22,713
)
 
(17
)
 
(22,730
)
Ending balance
 
$
9,339

 
$
144

 
$
9,483

 
$
(14,504
)
 
$

 
$
(14,504
)
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income
The following table presents reclassifications out of accumulated other comprehensive income or loss: 
 
 
Three Months Ended September 30,
Income Statement Classification
 
2014
 
2013
 
 
(in thousands)
Gain (loss) on sales of investment securities, net
 
$
181

 
$
(1,679
)
Income tax expense
 
(68
)
 
633

Net of tax
 
$
113

 
$
(1,046
)
 
 
Nine Months Ended September 30,
Income Statement Classification
 
2014
 
2013
 
 
(in thousands)
Gain (loss) on sales of investment securities, net
 
$
384

 
$
(1,537
)
Income tax benefit
 
(144
)
 
580

Net of tax
 
$
240

 
$
(957
)