Note 17 - Stockholders' Equity

9 Months Ended

Sep. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

17. Stockholders’ Equity

Total equity was $1.73 billion at September 30, 2015, an increase of $129.2 million, or 8.1%, from $1.60 billion at December 31, 2014, primarily due to increases in net income of $119.7 million and equity consideration for the aquisition of Asia Bancshares, Inc. of $82.8 million offset by purchases of treasury stock of $50.7 million and common stock cash dividends of $30.7 million. Under the terms of the aquisition of Asia Bancshares, which was completed on July 31, 2015, we issued 2.58 million shares of our common stock and paid $57.0 million in cash for all of the issued and outstanding stock of Asia Bancshares.

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, 2015, and September 30, 2014, was as follows:

	Three months ended September 30, 2015									Three months ended September 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							$	(1,125	)							$	(8,896	)
Cash flow hedge derivatives								(1,657	)								-
Total							$	(2,782	)							$	(8,896	)
Net unrealized gains/(losses) arising during the period
Securities available-for sale	$	4,717		$	1,984		$	2,733		$	292		$	122		$	170
Cash flow hedge derivatives		(4,413	)		(1,855	)		(2,558	)		171			71			100
Total		304			129			175			463			193		$	270
Reclassification adjustment for net losses/(gains) in net income
Securities available-for sale		16			6			10			(361	)		(152	)		(209	)
Cash flow hedge derivatives		-			-			-			-			-			-
Total		16			6			10			(361	)		(152	)		(209	)
Total other comprehensive income/(loss)
Securities available-for sale		4,733			1,990			2,743			(69	)		(30	)		(39	)
Cash flow hedge derivatives		(4,413	)		(1,855	)		(2,558	)		171			71			100
Total	$	320		$	135		$	185		$	102		$	41		$	61
Ending balance, loss, net of tax
Securities available-for sale							$	1,618								$	(8,935	)
Cash flow hedge derivatives								(4,215	)								100
Total							$	(2,597	)							$	(8,835	)

	Nine months ended September 30, 2015									Nine months ended September 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	$	4,895		$	2,058		$	2,837		$	43,157		$	18,143		$	25,014
Cash flow hedge derivatives		(3,137	)		(1,319	)		(1,818	)		(281	)		(118	)		(163	)
Total		1,758			739			1,019			42,876			18,025		$	24,851
Reclassification adjustment for net losses/(gains) in net income
Securities available-for sale		3,369			1,416			1,953			(6,827	)		(2,870	)		(3,957	)
Cash flow hedge derivatives		-			-			-			-			-			-
Total		3,369			1,416			1,953			(6,827	)		(2,870	)		(3,957	)
Total other comprehensive income/(loss)
Securities available-for sale		8,264			3,474			4,790			36,330			15,273			21,057
Cash flow hedge derivatives		(3,137	)		(1,319	)		(1,818	)		(281	)		(118	)		(163	)
Total	$	5,127		$	2,155		$	2,972		$	36,049		$	15,155		$	20,894
Ending balance, loss, net of tax
Securities available-for sale							$	1,618								$	(8,672	)
Cash flow hedge derivatives								(4,215	)								(163	)
Total							$	(2,597	)							$	(8,835	)