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Other Comprehensive Income
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Other Comprehensive Income
12. OTHER COMPREHENSIVE INCOME

The tables below provide a summary of the components of other comprehensive income (“OCI”) for the periods presented.

 

                                                                                         
     For the Three Months Ended September 30,
     2016   2015
     Before-tax   Tax effect   After-tax   Before-tax   Tax effect   After-tax
     (Dollars in thousands)

Investment securities:

            

Net change in fair value recorded in accumulated OCI

     $ (4,006     $ (1,683     $ (2,323     $ 12,318        $ 5,175        $ 7,143   

Cumulative-effect adjustment for unrealized gains on securities transferred from available-for-sale to held-to-maturity

     -            -            -            6,690        2,808        3,882   

Amortization of unrealized (gains)/losses on securities transferred from available-for-sale to held-to-maturity

     297        125        172        (334     (140     (194

Net realized (gain)/loss reclassified into earnings

     (548     (230     (318     22        9        13   
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change

     $ (4,257     $ (1,788     $ (2,469     $ 18,696        $ 7,852        $ 10,844   
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     For the Nine Months Ended September 30,
     2016   2015
       Before-tax     Tax effect   After-tax   Before-tax   Tax effect   After-tax
     (Dollars in thousands)

Investment securities:

            

Net change in fair value recorded in accumulated OCI

     $ 31,617        $ 13,279        $ 18,338        $ (382     $ (159     $ (223

Cumulative-effect adjustment for unrealized gains on securities transferred from available-for-sale to held-to-maturity

     -            -            -            6,690        2,808        3,882   

Amortization of unrealized (gains)/losses on securities transferred from available-for-sale to held-to-maturity

     (563     (237     (326     (334     (140     (194

Net realized (gain)/loss reclassified into earnings

     (548     (230     (318     22        9        13   
  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change

     $ 30,506        $   12,812        $   17,694        $ 5,996        $   2,518        $ 3,478