Changes in Accumulated Other Comprehensive Income by Component

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income by Component

NOTE 4 — CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT (1)

The following table presents the changes in accumulated other comprehensive income by component for the three months ended March 31, 2014 and 2013.

	Unrealized Gains
	and Losses on			Unrealized Gains
	Available-for-sale			on
(amounts in thousands)	Securities			Cash Flow Hedges		Total
Beginning balance - January 1, 2014	$	(8,118	)	$	0	$	(8,118	)
Other comprehensive income before reclassifications		5,929			432		6,361
Amounts reclassified from accumulated other comprehensive loss to net income (2)		(1,841	)		0		(1,841	)
Net current-period other comprehensive (loss) income		4,088			432		4,520
Ending balance - March 31, 2014	$	(4,030	)	$	432	$	(3,598	)

	Unrealized Gains
	and Losses on
	Available-for-sale
(amounts in thousands)	Securities (3)
Beginning balance - January 1, 2013	$	1,064
Other comprehensive loss before reclassifications		(710	)
Amounts reclassified from accumulated other comprehensive loss to net income		0
Net current-period other comprehensive (loss) income		(710	)
Ending balance - March 31, 2013	$	354

(1) All amounts are net of tax. Amounts in parentheses indicate debits.

(2) Reclassification amount reported as gain on sale of investment securities on the Consolidated Statements of Income.

(3) Prior to first quarter 2014, all amounts deferred in accumulated other comprehensive income were related to available-for-sale securities.