Three months ended March 31, 2015

Three months ended March 31, 2014

Pre-tax

Tax

expense/

(benefit)

Net-of-tax

Pre-tax

Tax expense/

(benefit)

Net-of-tax

Beginning balance, loss, net of tax

(In thousands)

Securities available-for sale

$

(3,172

)

$

(29,729

)

Cash flow hedge derivatives

(2,397

)

-

Total

$

(5,569

)

$

(29,729

)

Net unrealized gains/(losses) arising during the period

Securities available-for sale

$

11,213

$

4,714

$

6,499

$

19,141

$

8,047

$

11,094

Cash flow hedge derivatives

(2,740

)

(1,152

)

(1,588

)

-

Total

8,473

3,562

4,911

19,141

8,047

$

11,094

Reclassification adjustment for net losses/(gains) in net income

Securities available-for sale

21

9

12

(5,961

)

(2,506

)

(3,455

)

Cash flow hedge derivatives

-

Total

21

9

12

(5,961

)

(2,506

)

(3,455

)

Total other comprehensive income/(loss)

Securities available-for sale

11,234

4,723

6,511

13,180

5,541

7,639

Cash flow hedge derivatives

(2,740

)

(1,152

)

(1,588

)

-

Total

$

8,494

$

3,571

$

4,923

$

13,180

$

5,541

$

7,639

Ending balance, income/(loss), net of tax

Securities available-for sale

$

3,339

$

(22,090

)

Cash flow hedge derivatives

(3,985

)

-

Total

$

(646

)

$

(22,090

)