Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure Text Block Abstract

Schedule of Accumulated Other Comprehensive Income (Loss)

	December 31,
	2017		2016
	(In thousands)
Unrealized (loss) gain on securities available-for-sale which are not other-than-temporarily impaired	$	(3,003)	$	1,617
Income tax effect of unrealized (loss) gain on securities available-for-sale		365		592
Net unrealized gain on securities available-for-sale which are not other-than-temporarily impaired		(2,638)		2,209
Unrealized loss on cash flow hedges		(510)		(1,004)
Income tax effect of unrealized loss on cash flow hedges		199		391
Net unrealized loss on cash flow hedges		(311)		(613)
Accumulated other comprehensive (loss) income, net of income taxes	$	(2,949)	$	1,596

	Year Ended December 31, 2017
	Net unrealized		Net unrealized		Accumulated
	gains on		loss on		other
	securities		cash flow		comprehensive
	available-for-sale		hedges		(loss) income
	(In thousands)
Beginning balance	$	2,209	$	(613)	$	1,596
Other comprehensive loss before reclassifications		(11,563)		(186)		(11,749)
Amounts reclassified out of accumulated other comprehensive income (loss)		6,716		488		7,204
Other comprehensive income (loss)		(4,847)		302		(4,545)
Ending balance	$	(2,638)	$	(311)	$	(2,949)
	Year Ended December 31, 2016
	Net unrealized		Net unrealized		Accumulated
	gains on		loss on		other
	securities		cash flow		comprehensive
	available-for-sale		hedges		(loss) income
	(In thousands)
Beginning balance	$	16,924		(2,927)		13,997
Other comprehensive loss before reclassifications		(26,661)		(1,628)		(28,289)
Amounts reclassified out of accumulated other comprehensive income (loss)		11,946		3,942		15,888
Other comprehensive income (loss)		(14,715)		2,314		(12,401)
Ending balance	$	2,209	$	(613)	$	1,596
	Year Ended December 31, 2015
	Net unrealized		Net unrealized		Accumulated
	gains on		loss on		other
	securities		cash flow		comprehensive
	available-for-sale		hedges		(loss) income
	(In thousands)
Beginning balance	$	25,765		(6,054)		19,711
Other comprehensive loss before reclassifications		(5,822)		(3,019)		(8,841)
Other-than-temporary impairment amount reclassified from accumulated other comprehensive income		(4,662)		-		(4,662)
Amounts reclassified out of accumulated other comprehensive income (loss)		1,643		6,146		7,789
Other comprehensive income (loss)		(8,841)		3,127		(5,714)
Ending balance	$	16,924	$	(2,927)	$	13,997

Reclassification out of Accumulated Other Comprehensive Income [Table text block]

	Amount reclassified out of accumulated
	other comprehensive (loss) income						Affected Line Item in
	Year Ended December 31,						Consolidated Statement
		2017		2016		2015	of Operations
	(In thousands)
Cash flow hedges:
Interest-rate contracts	$	488	$	3,642	$	6,443	Net interest expense
Tax effect from changes in tax rates		-		300		(297)	Income tax expense
Available-for-sale securities:
Gain on sale of investments		6,896		12,207		2,572	Net gain on sale of securities
Other-than-temporary impairment losses on investment securities		-		-		(1,490)	Net impairment losses recognized in earnings
Residual tax effect from OIB's change in applicable tax rate		104		32		45	Income tax expense
Tax effect from changes in tax rates		(284)		(293)		516	Income tax expense
	$	7,204	$	15,888	$	7,789