Note 16 - Stockholders' Equity

6 Months Ended

Jun. 30, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

16. Stockholders’ Equity

Total equity was $1.54 billion at June 30, 2014, an increase of $79.4 million, or 5.4%, from $1.46 billion at December 31, 2013, primarily due to increases in net income of $66.3 million and increases in other comprehensive income of $20.8 million offset by common stock cash dividends of $9.6 million.

Activity in accumulated other comprehensive income, net of tax, and reclassification out of accumulated other comprehensive income for the three months and six months ended June 30, 2014, and June 30, 2013, was as follows:

	Three months ended June 30, 2014									Three months ended June 30, 2013
	Pre-tax			Tax expense			Net-of-tax			Pre-tax			Tax expense			Net-of-tax
	(In thousands)
Beginning balance, net of tax
Securities available-for sale							$	(22,090	)							$	23,477
Cash flow hedge derivatives								-									-
Total							$	(22,090	)							$	23,477
Net unrealized losses arising during the period
Securities available-for sale	$	23,724		$	9,974		$	13,750		$	(54,334	)	$	(22,842	)	$	(31,492	)
Cash flow hedge derivatives		(454	)		(191	)		(263	)		-			-			-
Total		23,270			9,783			13,487			(54,334	)		(22,842	)	$	(31,492	)
Reclassification adjustment for net gains/(losses) in net income
Securities available-for sale		(506	)		(213	)		(293	)		(12,177	)		(5,119	)		(7,058	)
Cash flow hedge derivatives		-			-			-			-			-			-
Total		(506	)		(213	)		(293	)		(12,177	)		(5,119	)		(7,058	)
Total other comprehensive income
Securities available-for sale		23,218			9,761			13,457			(66,511	)		(27,961	)		(38,550	)
Cash flow hedge derivatives		(454	)		(191	)		(263	)		-			-			-
Total	$	22,764		$	9,570		$	13,194		$	(66,511	)	$	(27,961	)	$	(38,550	)
Ending balance, net of tax
Securities available-for sale							$	(8,633	)							$	(15,073	)
Cash flow hedge derivatives								(263	)								-
Total							$	(8,896	)							$	(15,073	)

	Six months ended June 30, 2014									Six months ended June 30, 2013
	Pre-tax			Tax expense			Net-of-tax			Pre-tax			Tax expense			Net-of-tax
	(In thousands)
Beginning balance, net of tax
Securities available-for sale							$	(29,729	)							$	465
Cash flow hedge derivatives								-									-
Total							$	(29,729	)							$	465
Net unrealized losses arising during the period
Securities available-for sale	$	42,867		$	18,023		$	24,844		$	(46,391	)	$	(19,503	)	$	(26,888	)
Cash flow hedge derivatives		(454	)		(191	)		(263	)		-			-			-
Total		42,413			17,832			24,581			(46,391	)		(19,503	)	$	(26,888	)
Reclassification adjustment for net gains/(losses) in net income
Securities available-for sale		(6,466	)		(2,718	)		(3,748	)		(18,469	)		(7,764	)		(10,705	)
Cash flow hedge derivatives		-			-			-			-			-			-
Total		(6,466	)		(2,718	)		(3,748	)		(18,469	)		(7,764	)		(10,705	)
Net unrealized gains arising from transferring securities held-to-maturity to available-for-sale		-			-			-			38,052			15,997			22,055
Total other comprehensive income
Securities available-for sale		36,401			15,305			21,096			(26,808	)		(11,270	)		(15,538	)
Cash flow hedge derivatives		(454	)		(191	)		(263	)		-			-			-
Total	$	35,947		$	15,114		$	20,833		$	(26,808	)	$	(11,270	)	$	(15,538	)
Ending balance, net of tax
Securities available-for sale							$	(8,633	)							$	(15,073	)
Cash flow hedge derivatives								(263	)								-
Total							$	(8,896	)							$	(15,073	)