Note 16 - Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

16. Stockholders’ Equity

Total equity was $1.67 billion at June 30, 2015, an increase of $66.2 million, or 4.1%, from $1.60 billion at December 31, 2014, primarily due to increases in net income of $81.2 million and in other comprehensive income of $2.8 million offset by common stock cash dividends of $19.2 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, 2015, and June 30, 2014, was as follows:

	Three months ended June 30, 2015									Three months ended June 30, 2014
	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							$	3,339								$	(22,090	)
Cash flow hedge derivatives								(3,985	)								-
Total							$	(646	)							$	(22,090	)
Net unrealized gains/(losses) arising during the period
Securities available-for sale	$	(11,034	)	$	(4,639	)	$	(6,395	)	$	23,724		$	9,974		$	13,750
Cash flow hedge derivatives		4,017			1,689			2,328			(454	)		(191	)		(263	)
Total		(7,017	)		(2,950	)		(4,067	)		23,270			9,783		$	13,487
Reclassification adjustment for net losses/(gains) in net income
Securities available-for sale		3,332			1,401			1,931			(506	)		(213	)		(293	)
Cash flow hedge derivatives		-			-			-			-			-			-
Total		3,332			1,401			1,931			(506	)		(213	)		(293	)
Total other comprehensive income/(loss)
Securities available-for sale		(7,702	)		(3,238	)		(4,464	)		23,218			9,761			13,457
Cash flow hedge derivatives		4,017			1,689			2,328			(454	)		(191	)		(263	)
Total	$	(3,685	)	$	(1,549	)	$	(2,136	)	$	22,764		$	9,570		$	13,194
Ending balance, loss, net of tax
Securities available-for sale							$	(1,125	)							$	(8,633	)
Cash flow hedge derivatives								(1,657	)								(263	)
Total							$	(2,782	)							$	(8,896	)

	Six months ended June 30, 2015							Six months ended June 30, 2014
	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					$	(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	$	177	$	73	$	104		$	42,867		$	18,023		$	24,844
Cash flow hedge derivatives		1,277		537		740			(454	)		(191	)		(263	)
Total		1,454		610		844			42,413			17,832		$	24,581
Reclassification adjustment for net losses/(gains) in net income
Securities available-for sale		3,353		1,410		1,943			(6,466	)		(2,718	)		(3,748	)
Cash flow hedge derivatives		-		-		-			-			-			-
Total		3,353		1,410		1,943			(6,466	)		(2,718	)		(3,748	)
Total other comprehensive income/(loss)
Securities available-for sale		3,530		1,483		2,047			36,401			15,305			21,096
Cash flow hedge derivatives		1,277		537		740			(454	)		(191	)		(263	)
Total	$	4,807	$	2,020	$	2,787		$	35,947		$	15,114		$	20,833
Ending balance, loss, net of tax
Securities available-for sale					$	(1,125	)							$	(8,633	)
Cash flow hedge derivatives						(1,657	)								(263	)
Total					$	(2,782	)							$	(8,896	)