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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2013
Accumulated Other Comprehensive Loss [Abstract]  
Schedule of accumulated other comprehensive income (loss)
A summary of changes in AOCL, follows (1):

 
 
  
Dispropor-
  
  
  
  
 
 
 
  
tionate
  
  
  
Dispropor-
  
 
 
 
Unrealized
  
Tax Effects
  
  
  
tionate
  
 
 
 
Losses on
  
from
  
Unrealized
  
Unrealized
  
Tax Effects
  
 
 
 
Available
  
Securities
  
Losses on
  
Losses on
  
from Cash
  
 
 
 
for Sale
  
Available
  
Cash Flow
  
Settled
  
Flow
  
 
 
 
Securities
  
for Sale
  
Hedges
  
Derivatives
  
Hedges
  
Total
 
For the three months ended June 30,
 
(In thousands)
 
2013
 
  
  
  
  
  
 
Balances at beginning of period
 
$
679
  
$
(5,798
)
 
$
(390
)
 
$
-
  
$
(1,444
)
 
$
(6,953
)
Terminated cash flow hedge
  
-
   
-
   
370
   
(370
)
  
-
   
-
 
Other comprehensive income (loss) before reclassifications
  
(1,786
)
  
-
   
(21
)
  
-
   
-
   
(1,807
)
Amounts reclassified from AOCL
  
5
   
-
   
41
   
-
   
1,444
   
1,490
 
Net current period other comprehensive income (loss)
  
(1,781
)
  
-
   
20
   
-
   
1,444
   
(317
)
Balances at end of period
 
$
(1,102
)
 
$
(5,798
)
 
$
-
  
$
(370
)
 
$
-
  
$
(7,270
)
 
                        
2012
                        
Balances at beginning of period
 
$
(5,002
)
 
$
(5,617
)
 
$
(969
)
 
$
(291
)
 
$
(1,186
)
 
$
(13,065
)
Other comprehensive income (loss) before reclassifications
  
2,875
   
-
   
(24
)
  
-
   
-
   
2,851
 
Amounts reclassified from AOCL
  
(66
)
  
-
   
120
   
146
   
-
   
200
 
Net current period other comprehensive income (loss)
  
2,809
   
-
   
96
   
146
   
-
   
3,051
 
Balances at end of period
 
$
(2,193
)
 
$
(5,617
)
 
$
(873
)
 
$
(145
)
 
$
(1,186
)
 
$
(10,014
)
 
                        
For the six months ended June 30,
                        
2013
Balances at beginning of period
 
$
(516
)
 
$
(5,617
)
 
$
(739
)
 
$
-
  
$
(1,186
)
 
$
(8,058
)
Income tax
  
181
   
(181
)
  
258
       
(258
)
  
-
 
Balances at beginning of period, net of tax
  
(335
)
  
(5,798
)
  
(481
)
  
-
   
(1,444
)
  
(8,058
)
Terminated cash flow hedge
  
-
   
-
   
370
   
(370
)
  
-
   
-
 
Other comprehensive income (loss) before reclassifications
  
(779
)
  
-
   
(24
)
  
-
   
-
   
(803
)
Amounts reclassified from AOCL
  
12
   
-
   
135
   
-
   
1,444
   
1,591
 
Net current period other comprehensive income (loss)
  
(767
)
  
-
   
111
   
-
   
1,444
   
788
 
Balances at end of period
 
$
(1,102
)
 
$
(5,798
)
 
$
-
  
$
(370
)
 
$
-
  
$
(7,270
)
 
                        
2012
                        
Balances at beginning of period
 
$
(3,579
)
 
$
(5,617
)
 
$
(1,103
)
 
$
(436
)
 
$
(1,186
)
 
$
(11,921
)
Other comprehensive income (loss) before reclassifications
  
1,967
   
-
   
(75
)
  
-
   
-
   
1,892
 
Amounts reclassified from AOCL
  
(581
)
  
-
   
305
   
291
   
-
   
15
 
Net current period other comprehensive income (loss)
  
1,386
   
-
   
230
   
291
   
-
   
1,907
 
Balances at end of period
 
$
(2,193
)
 
$
(5,617
)
 
$
(873
)
 
$
(145
)
 
$
(1,186
)
 
$
(10,014
)
 
(1) 2013 amounts are presented net of tax as we removed substantially all of the valuation allowance on our deferred tax assets during the second quarter of 2013 (see Note #10).
Summary of reclassifications out of each component of AOCL
A summary of reclassifications out of each component of AOCL for the three months ended June 30 follows:

 
 
Amount
 
 
 
 
Reclassified
 
 
 
 
From
 
 Affected Line Item in Condensed
   AOCL Component
 
AOCL
 
 Consolidated Statements of Operations
 
 
(In thousands)
 
 
2013
 
 
  
Unrealized losses on available for sale securities
 
 
  
 
 
$
15
 
 Net gains on securities
 
  
(26
)
 Net impairment loss recognized in earnings
 
  
(11
)
 Total reclassifications before tax
 
  
(6
)
 Tax expense (benefit)
 
 
$
(5
)
 Reclassifications, net of tax
 
    
   
Unrealized losses on cash flow hedges
    
  
 
 
$
(114
)
 Interest expense
 
  
(73
)
 Tax expense (benefit)
 
 
$
(41
)
 Reclassification, net of tax
 
    
   
Disproportionate tax effects from cash flow hedges
 
$
1,444
 
 Tax expense (benefit)
 
    
   
 
 
$
(1,490
)
 Total reclassifications for the period, net of tax
 
    
   
2012
    
  
Unrealized losses on available for sale securities
    
  
 
 
$
151
 
 Net gains on securities
 
  
(85
)
 Net impairment loss recognized in earnings
 
  
66
 
 Total reclassifications before tax
 
  
-
 
 Tax expense (benefit)
 
 
$
66
 
 Reclassifications, net of tax
 
    
   
Unrealized losses on cash flow hedges
    
  
 
 
$
(120
)
 Interest expense
 
  
-
 
 Tax expense (benefit)
 
  
(120
)
 Reclassification, net of tax
 
    
   
Unrealized losses on settled derivatives
    
  
 
 
$
(146
)
 Interest expense
 
  
-
 
 Tax expense (benefit)
 
  
(146
)
 Reclassification, net of tax
 
    
   
 
 
$
(200
)
 Total reclassifications for the period, net of tax
 
A summary of reclassifications out of each component of AOCL for the six months ended June 30 follows:

 
 
Amount
 
 
 
 
Reclassified
 
 
 
 
From
 
 Affected Line Item in Condensed
   AOCL Component
 
AOCL
 
 Consolidated Statements of Operations
 
 
(In thousands)
 
 
2013
 
 
  
Unrealized losses on available for sale securities
 
 
  
 
 
$
8
 
 Net gains on securities
 
  
(26
)
 Net impairment loss recognized in earnings
 
  
(18
)
 Total reclassifications before tax
 
  
(6
)
 Tax expense (benefit)
 
 
$
(12
)
 Reclassifications, net of tax
 
    
   
Unrealized losses on cash flow hedges
    
  
 
 
$
(208
)
 Interest expense
 
  
(73
)
 Tax expense (benefit)
 
 
$
(135
)
 Reclassification, net of tax
 
    
   
Disproportionate tax effects from cash flow hedges
 
$
1,444
 
 Tax expense (benefit)
 
    
   
 
 
$
(1,591
)
 Total reclassifications for the period, net of tax
 
    
   
2012
    
  
Unrealized losses on available for sale securities
    
  
 
 
$
843
 
 Net gains on securities
 
  
(262
)
 Net impairment loss recognized in earnings
 
  
581
 
 Total reclassifications before tax
 
  
-
 
 Tax expense (benefit)
 
 
$
581
 
 Reclassifications, net of tax
 
    
   
Unrealized losses on cash flow hedges
    
  
 
 
$
(305
)
 Interest expense
 
  
-
 
 Tax expense (benefit)
 
  
(305
)
 Reclassification, net of tax
 
    
   
Unrealized losses on settled derivatives
    
  
 
 
$
(291
)
 Interest expense
 
  
-
 
 Tax expense (benefit)
 
  
(291
)
 Reclassification, net of tax
 
    
   
 
 
$
(15
)
 Total reclassifications for the period, net of tax