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OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
9 Months Ended
Sep. 30, 2020
Statement of Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table presents changes in accumulated other comprehensive income (loss) for the quarters and nine-month periods ended September 30, 2020 and 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Accumulated Other Comprehensive Income (Loss) by Component (1)

 

Quarter Ended

 

Nine-month period Ended

 

September 30,

 

September 30,

 

September 30,

 

September 30,

 

2020

 

2019

 

2020

 

2019

(In thousands)

 

 

Unrealized net holding gains (losses) on debt securities

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

53,270

 

$

(2,438)

 

$

6,764

 

$

(40,415)

Other comprehensive income

 

(7,943)

 

 

7,562

 

 

38,563

 

 

45,539

Ending balance

$

45,327

 

$

5,124

 

$

45,327

 

$

5,124

 

 

 

 

 

 

 

 

 

 

 

 

(1) All amounts presented are net of tax.

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) during the quarters and nine-month periods ended September 30, 2020 and 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

 

 

 

Quarter Ended

 

Nine-month period Ended

 

 

 

September 30,

 

September 30,

 

Affected Line Item in the Consolidated Statements of Income

 

2020

 

2019

 

2020

 

2019

(In thousands)

 

 

 

 

Unrealized net holding gains (losses)

 

 

 

 

 

 

 

 

 

 

 

 

 

on debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized (gain) loss on sale of debt securities

Net gain (loss) on

 

 

 

 

 

 

 

 

 

 

 

 

 

investment securities

 

$

(5,288)

 

$

497

 

$

(13,380)

 

$

497

Credit losses

Provision for credit losses

 

 

-

 

 

-

 

 

1,631

 

 

-

 

Total before tax

 

 

(5,288)

 

 

497

 

 

(11,749)

 

 

497

 

Income tax

 

 

-

 

 

-

 

 

-

 

 

-

 

Total, net of tax

 

$

(5,288)

 

$

497

 

$

(11,749)

 

$

497