Note 16 - Stockholders' Equity

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

16.Stockholders’ Equity

Total equity was $1.57 billion at September 30, 2014, an increase of $111.4 million, or 7.6%, from $1.46 billion at December 31, 2013, primarily due to increases in net income of $102.3 million and increases in other comprehensive income of $20.9 million offset by common stock cash dividends of $15.1 million.

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

	Three months ended September 30, 2014									Three months ended September 30, 2013
	Pre-tax			Tax expense/(benefit)			Net-of-tax			Pre-tax			Tax expense/(benefit)			Net-of-tax
	(In thousands)
Beginning balance, loss net of tax
Securities available-for sale							$	(8,896	)							$	(15,073	)
Cash flow hedge derivatives								-									-
Total							$	(8,896	)							$	(15,073	)
Net unrealized gains/(losses) arising during the period
Securities available-for sale	$	292		$	122		$	170		$	(1,854	)	$	(780	)	$	(1,074	)
Cash flow hedge derivatives		171			71			100			-			-			-
Total		463			193			270			(1,854	)		(780	)	$	(1,074	)
Reclassification adjustment for net losses in net income
Securities available-for sale		(361	)		(152	)		(209	)		(8,688	)		(3,652	)		(5,036	)
Cash flow hedge derivatives		-			-			-			-			-			-
Total		(361	)		(152	)		(209	)		(8,688	)		(3,652	)		(5,036	)
Total other comprehensive (loss)/income
Securities available-for sale		(69	)		(30	)		(39	)		(10,542	)		(4,432	)		(6,110	)
Cash flow hedge derivatives		171			71			100			-			-			-
Total	$	102		$	41		$	61		$	(10,542	)	$	(4,432	)	$	(6,110	)
Ending balance, (loss)/income net of tax
Securities available-for sale							$	(8,935	)							$	(21,183	)
Cash flow hedge derivatives								100									-
Total							$	(8,835	)							$	(21,183	)

	Nine months ended September 30, 2014									Nine months ended September 30, 2013
	Pre-tax			Tax expense/(benefit)			Net-of-tax			Pre-tax			Tax expense/(benefit)			Net-of-tax
	(In thousands)
Beginning balance, (loss)/income net of tax
Securities available-for sale							$	(29,729	)							$	465
Cash flow hedge derivatives								-									-
Total							$	(29,729	)							$	465
Net unrealized gains/(losses) arising during the period
Securities available-for sale	$	43,157		$	18,143		$	25,014		$	(48,245	)	$	(20,282	)	$	(27,963	)
Cash flow hedge derivatives		(281	)		(118	)		(163	)		-			-			-
Total		42,876			18,025			24,851			(48,245	)		(20,282	)	$	(27,963	)
Reclassification adjustment for net losses in net income
Securities available-for sale		(6,827	)		(2,870	)		(3,957	)		(27,157	)		(11,417	)		(15,740	)
Cash flow hedge derivatives		-			-			-			-			-			-
Total		(6,827	)		(2,870	)		(3,957	)		(27,157	)		(11,417	)		(15,740	)
Net unrealized gains arising from transferring securities held-to-maturity to available-for-sale		-			-			-			38,052			15,997			22,055
Total other comprehensive income/(loss)
Securities available-for sale		36,330			15,273			21,057			(37,350	)		(15,702	)		(21,648	)
Cash flow hedge derivatives		(281	)		(118	)		(163	)		-			-			-
Total	$	36,049		$	15,155		$	20,894		$	(37,350	)	$	(15,702	)	$	(21,648	)
Ending balance, loss net of tax
Securities available-for sale							$	(8,672	)							$	(21,183	)
Cash flow hedge derivatives								(163	)								-
Total							$	(8,835	)							$	(21,183	)