Note 16 - Stockholders' Equity

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

16. Stockholders’ Equity

Total equity was $1.73 billion as of March 31, 2016, a decrease of $13.1 million, from $1.75 billion as of December 31, 2015, primarily due to purchases of treasury stock of $54.4 million and common stock cash dividends of $14.2 million offset by increases in net income of $46.2 million and other comprehensive income of $7.4 million.

Activity in accumulated other comprehensive income, net of tax, and reclassification out of accumulated other comprehensive income for the three months ended March 31, 2016, and March 31, 2015, was as follows:

	Three months ended March 31, 2016									Three months ended March 31, 2015
	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							$	(5,431	)							$	(3,172	)
Cash flow hedge derivatives								(2,995	)								(2,397	)
Total							$	(8,426	)							$	(5,569	)
Net unrealized gains/(losses) arising during the period
Securities available-for-sale	$	17,863		$	7,509		$	10,354		$	11,213		$	4,714		$	6,499
Cash flow hedge derivatives		(5,383	)		(2,263	)		(3,120	)		(2,740	)		(1,152	)		(1,588	)
Total		12,480			5,246			7,234			8,473			3,562		$	4,911
Reclassification adjustment for net losses in net income
Securities available-for-sale		206			87			119			21			9			12
Cash flow hedge derivatives		-			-			-			-			-			-
Total		206			87			119			21			9			12
Total other comprehensive income/(loss)
Securities available-for-sale		18,069			7,596			10,473			11,234			4,723			6,511
Cash flow hedge derivatives		(5,383	)		(2,263	)		(3,120	)		(2,740	)		(1,152	)		(1,588	)
Total	$	12,686		$	5,333		$	7,353		$	8,494		$	3,571		$	4,923
Ending balance, gain/(loss), net of tax
Securities available-for-sale							$	5,042								$	3,339
Cash flow hedge derivatives								(6,115	)								(3,985	)
Total							$	(1,073	)							$	(646	)