Note 16 - Stockholders' Equity

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

16. Stockholders’ Equity

Total equity was $1.49 billion at March 31, 2014, an increase of $35.4 million, or 2.4%, from $1.46 billion at December 31, 2013, primarily due to increases in net income of $31.3 million and decreases in unrealized losses on securities available for sale of $7.6 million offset by common stock cash dividends of $4.0 million.

The accumulated other comprehensive loss as of March 31, 2014, was all from unrealized losses on securities available-for-sale.

Activity in accumulated other comprehensive income, net of tax, and reclassification out of accumulated other comprehensive income for the three months ended March 31, 2014, was as follows:

	Three months ended March 31, 2014									Three months ended March 31, 2013
	Pre-tax			Tax expense			Net-of-tax			Pre-tax			Tax expense			Net-of-tax
	(In thousands)									(In thousands)
Beginning balance, net of tax							$	(29,729	)							$	465
Net unrealized gains arising during the period	$	19,140		$	8,047		$	11,094		$	7,947		$	3,343		$	4,604
Reclassification adjustment for net securities gains included in net income		(5,960	)		(2,506	)		(3,455	)		(6,292	)		(2,645	)		(3,647	)
Net unrealized gains arising from transferring securities held-to-maturity to available-for-sale		-			-			-			38,052			15,997			22,055
Total other comprehensive income	$	13,180		$	5,541		$	7,639		$	39,707		$	16,695		$	23,012
Ending balance, net of tax							$	(22,090	)							$	23,477