Note 8 - Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income Loss [Abstract]

Accumulated Other Comprehensive Income Loss [Text Block]

8.     ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The tax effects allocated to each component of other comprehensive income (loss) were as follows (in thousands):

	Three months ended June 30, 2013									Three months ended June 30, 2012
	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount			Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Change in accumulated gain (loss) on effective cash flow derivatives	$	210		$	75		$	135		$	(15	)	$	(6	)	$	(9	)
Unrealized losses on investment securities with OTTI:
Securities with OTTI charges during the period		(53	)		(19	)		(34	)		(48	)		(17	)		(31	)
Less: OTTI charges recognized in net income		(39	)		(15	)		(24	)		(38	)		(13	)		(25	)
Net unrealized losses on investment securities with OTTI		(14	)		(4	)		(10	)		(10	)		(4	)		(6	)
Unrealized (losses) gain on investment securities:
Unrealized holding (loss) gain arising during the period		(6,664	)		(2,418	)		(4,246	)		756			274			482
Less: reclassification adjustment for gains included in net income		23			8			15			72			26			46
Net unrealized (losses) gains on investment securities		(6,687	)		(2,426	)		(4,261	)		684			248			436
Other comprehensive (loss) income	$	(6,491	)	$	(2,355	)	$	(4,136	)	$	659		$	238		$	421

	Six months ended June 30, 2013									Six months ended June 30, 2012
	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount			Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Change in accumulated gain on effective cash flow derivatives	$	361		$	130		$	231		$	53		$	19		$	34
Unrealized losses on investment securities with OTTI:
Securities with OTTI charges during the period		(93	)		(34	)		(59	)		(87	)		(31	)		(56	)
Less: OTTI charges recognized in net income		(66	)		(25	)		(41	)		(77	)		(27	)		(50	)
Net unrealized losses on investment securities with OTTI		(27	)		(9	)		(18	)		(10	)		(4	)		(6	)
Unrealized (losses) gains on investment securities:
Unrealized holding (loss) gain arising during the period		(7,327	)		(2,656	)		(4,671	)		787			284			503
Less: reclassification adjustment for gains included in net income		37			13			24			84			30			54
Net unrealized (losses) gains on investment securities		(7,364	)		(2,669	)		(4,695	)		703			254			449
Other comprehensive (loss) income	$	(7,030	)	$	(2,548	)	$	(4,482	)	$	746		$	269		$	477

The balance of and changes in each component of accumulated other comprehensive income (loss) as of and for the six months ended June 30, 2013 are as follows (net of taxes) (in thousands):

	Gains (Losses) on Effective Cash Hedging Derivatives			Net Unrealized Gains (Losses) on Investments with OTTI			Net Unrealized Investment Gains (Losses)			Total Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) December 31, 2012	$	(1,136	)	$	(1,017	)	$	2,720		$	567
Other comprehensive income (losses) before reclassifications		231			(18	)		(4,671	)		(4,458	)
Amounts reclassified from other comprehensive income (loss) (1)		—			—			(24	)		(24	)
Net current-period other comprehensive income (loss)		231			(18	)		(4,695	)		(4,482	)
Accumulated other comprehensive loss June 30, 2013	$	(905	)	$	(1,035	)	$	(1,975	)	$	(3,915	)

(1) Amounts reclassified from other comprehensive income were transferred to gain (loss) on securities, net.